A statement from the Pension Protection Fund (PPF) has revealed that two more schemes were signed to the programme during December 2009.Gilbraith Tankers Limited Pension Scheme and Champion Pension Scheme have now joined, taking the total number of PPF transfers to 109.According to the PPF: "A further 1,181 people around ... read more
Pensioners with financial difficulties are set to be among those to benefit from the Department for Work and Pensions (DWP) making calls to its helplines from mobile phones free.Commenting on the news, the Low Income Tax Reform Group (LITRG), said: "This is a very welcome and positive move and shows ... read more
The number of people expressing confidence for the economic outlook for the next 12 months is falling, new figures have revealed.According to the Association of British Insurers' (ABI) latest Savings and Protection survey of 2,500 adults, nearly one-third expect the economy to worsen in 2010.This represents an increase from the ... read more
The average amount of money UK household spent per week on food and drink increased to £50.70 in 2008, according to a new report.Figures from the Office for National Statistics (ONS) have revealed that the amount rose from £48.10 in 2007.According to the report, average weekly expenditure on fuel for ... read more
Home insurance firm LV= has issued property owners with advice on how to avoid damage and costly repairs to their homes as the cold snap begins to thaw.The company has advised households to inform neighbours where the stopcock is located in their house.According to the firm, should a pipe burst ... read more
Retired people aged between 65 and 74 need to come up with an extra £429 a year to enjoy the same standard of living they experienced last year, it has been claimed.A new report from retirement adviser MGM Advantage has revealed that the cost of living for people in this ... read more
The Lib Dems have claimed that more then one million pensioners will miss out on cold weather payments this year.Almost two million elderly people will not receive cold weather payments this winter, the Liberal Democrats have claimed.The party said that many Britons who are eligible for benefits such as pensions ... read more
Pensions guru Dr Ros Altmann has urged the government to review the age at which people need to retire. A leading industry commentator has said that proposals to review the default retirement age are "long overdue".Dr Ros Altmann, an independent pensions adviser, said that current policy "works against" giving people ... read more
A "vast" number of workers in the UK face reduced pension contributions, the Liberal Democrats have claimed.The party's comment comes despite recent pension reforms announced by the government.According to the Lib Dems, 42,000 employers will reduce their contributions to employees' pension as a result of the plans.Steve Webb, Liberal Democrat ... read more
Government announcements regarding the reform of workplace pensions do not go "far enough" in some areas, according to one industry body.Joanne Segars, chief executive of the National Association of Pension Funds (NAPF), said that further changes will need to be made in order to "maintain existing good-quality provision".The comments follow ... read more