Pensions and Retirement

Households and firms across the UK will notice a "debt hangover" as a result of the recession, according to one financial expert.Andrew Haldane, executive director for financial stability, at the Bank of England (BoE), said the "cushion" that government actions have provided for the servicing of the financial system's debt ... read more

A drop in the number of UK pensioners facing poverty shows that putting money into a pension scheme pays off, according to one industry body.Recently published data from the Office for National Statistics (ONS) revealed that the number of pensioners living in poverty reduced by 900,000 between 1998-99 and 2007-08.The ... read more

One-third of the UK's over 55 population have been forced to put their retirement plans back as a result of the economic downturn, according to a new report.The study from retirement advice firm MGM Advantage also revealed that 23 per cent of the over 55s now intend to work beyond ... read more

Official figures revealed that the UK finally left recession today.Figures published by the Office for National Statistics revealed that the economy grew by 0.1 per cent in the final quarter of 2009.However, the increase was less than some commentators had predicted and prompted shadow chancellor George Osborne to criticise the ... read more

The National Association of Pension Funds (NAPF) has welcomed the news of Lawrence Churchill's appointment as chair of the NEST Corporation.Mr Lawrence will lead the Department for Work and Pensions' nationwide pension scheme from February 1st.The NAPF said Mr Churchill's appointment was an "excellent choice".Joanne Segars, NAPF chief executive, said: ... read more

The number of people aged over 65 who are requesting winter sports cover on their holiday insurance has increased by 20 per cent over the last 12 months, according to a new report.A study published by Age Concern and Help the Aged has revealed that pensioners are travelling further abroad ... read more

Pensions minister Angela Eagle has been accused of misleading the public in regards to compensation for collapsed pension funds.The Department for Work and Pensions released a statement yesterday (January 21st) announcing trustees of schemes at firms which had "gone bust" would receive "at least" 90 per cent of their savings ... read more

Standard Life Assurance has been fined £2.45 million by the Financial Services Authority (FSA) after "serious systems and controls failings" saw many people exposed to misleading marketing material for its Pension Sterling Fund.Margaret Cole, FSA director of enforcement and financial crime, said: "The FSA takes the issue of misleading financial ... read more

A list of tips has been published in order to help UK households stay warm during power cuts.Price comparison website uSwitch.com said the advice has been published after many people were left without power during the recent "big freeze".The firma advised those who are cut off from their energy supplier ... read more

Proposals to invest £319 million in to the UK's growing renewable electricity generation could spell trouble for energy customers, according to one price comparison site.uSwitch.com said the proposals, recently published by energy regulator Ofgem, are part of a wider programme which could add an extra £548 a year onto household ... read more