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Britons are not living within their means, says uSwitch

Thursday, March 18th, 2010

Millions of Britons are using credit cards and overdraft facilities to make ends meet each month, according to a new report.Data from a study by uSwitch.com has revealed that 13 million Britons are just breaking even each month, while 5.4 million are spending more than they earn.According to the price ... read more

Government announces details of low cost pension scheme

Wednesday, March 17th, 2010

Britons are to be offered a new low cost pension scheme after the government set out expected charges for the National Employment Savings Trust (NEST).The measures are expected to allow millions of UK citizens the opportunity to save for their retirement.Angela Eagle, minister of state for pensions and the ageing ... read more

Will a pension income be enough to fund your retirement?

Tuesday, March 16th, 2010

British workers fear that their pension savings will not be enough to see them through their retirements, according to new research.Data from a recently-published report from savings specialist Hymans Robertson has revealed that more than two-thirds of Britons are concerned that they are not saving enough for their retirement.The study ... read more

NAPF unveils new pension film

Tuesday, March 16th, 2010

A new short film, entitled The Long Weekend, has been released in a bid to encourage British workers to start saving into a pension scheme.The film, which has been unveiled by the National Association of Pension Funds (NAPF), is intended to target the millions of UK workers who either have ... read more

ACA launches retirement income manifesto

Tuesday, March 16th, 2010

Private sector retirement savings need to be reinvigorated, it has been claimed.The Association of Consulting Actuaries (ACA) has launched a new manifesto ahead of the general election, which calls on the next government to implement measures to reverse the "alarming decline" in private sector pension savings.Included in the manifesto is ... read more

PPI: Reform must be fair on taxpayers

Monday, March 15th, 2010

The Pensions Policy Institute (PPI) has called for any proposals to reform public sector pensions to bear in mind the effect they will have on taxpayers.Ahead of the forthcoming election, the PPI has published a discussion paper, which said any changes to the public sector pension market should be used ... read more

Britons not confident about pensions

Monday, March 15th, 2010

Britons are not confident that their pension will provide them with enough financial security to enjoy their retirement, according to a new report.Figures from a recently-published survey from the National Association of Pension Funds (NAPF) have revealed that just 34 per cent of respondents feel confident that their pension income ... read more

NAPF issues asset pooling advice

Monday, March 15th, 2010

The National Association of Pension Funds (NAPF) has issued new guidance aimed at simplifying the process of asset pooling between pension scheme providers.Asset Pooling Made Easy has been published in order to provide an "easy to understand" guide for schemes looking to "diversify" their investments.NAPF director of policy, Nigel Peaple, ... read more

SHIP: Pensioners face ‘major issues’ to fund social care

Friday, March 12th, 2010

Two-thirds of pensioners do not have adequate finances to meet their social care costs.This is the view from the Liberal Democrat party following research into the subject which revealed 66 per cent of the UK's pensioners will face difficulties in meeting the payments.Commenting on the research, SHIP, the equity release ... read more