Retirement Planning

UK staff at popular publication Readers Digest have had their futures thrown in to doubt after a plan to plug a hole in the company's pension scheme was thrown out.Around 135 employees are set to be affected by the decision after the magazine offered a solution, which involved a £10.9 ... read more

Staff at motor recovery company AA could walk out in protest over proposals to amend the firm's pension scheme.Thousands of workers are being balloted to decide if they should stage the first strike in the company's 105-year history.Paul Maloney, national officer of GMB, the union handling the ballot, said: "The ... read more

Less than 20 per cent of the UK's pension schemes have made checks to ensure they have all the "fundamental common data" required by the Pensions Regulator's common data scheme.The revelation comes as the organisation published a consultation on member records, which urged schemes to put in improved performances.Under the ... read more

A number of households in the UK are overpaying their bills by £2,650 per year as a result of poor finance management, it has been claimed.A datamonitor study, commissioned by new website allfiled.com, has revealed that just five per cent of UK families use a specific system to manage their ... read more

The pensions market is now being more successfully regulated under the Pension Regulator, according to the Hampton Review.Details of the report, published by the Better Regulation Executive (BRE) and the National Audit Office (NAO), showed that the regulatory body has implemented "good practice across a range of areas".The report was ... read more

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