Companies restructuring for recovery are obstructed by final-salary pension deficits

Final-salary pension deficits are holding back recession-hit firms as they restructure in preparation for an economic recovery.

NAPF calls for Government to support occupational pensions in light of its recent findings

The recession is continuing to damage the private-sector pension market, with less than a quarter (23%) of private-sector defined-benefit (DB) schemes still open, compared with 28% this time last...

Vodafone joins list of companies closing final-salary pension schemes

Vodafone is to close its final-salary scheme to 4,000 employees.

Pensions legislation needs to be simplified to balance employer risk with employee reward, says Mercer

HR consultancy Mercer has called for the next Government to reconsider the UK's approach to pensions by 'drastically simplifying' the legislation that applies to pension schemes.

Pensions have lost their perk appeal

The Government has "killed the golden goose" of quality retirement provision, through 20 years of interference, according to HR directors.

Numbers working beyond statutory retirement age set to double

Research by Prudential predicts the number of pensioners still at work will double to 1.8 million by 2019 - but only because they cannot afford to retire.

News

Pensioner poverty looms as active membership of occupational pension schemes declines

The UK is heading for a 'pensions dark age' with rising pension poverty as two thirds of pensioners will be forced to depend on the state for support in retirement, according to AXA.

What would be the effect on the UK pension industry if US style 401K pension arrangements were implemented?

There are pro's and con's to changing to a 401K type system, as has been suggested by the Conservative party. On the positive side, more people would potentially save (and those already doing so would...

Pension Protection Fund workings explained in new information programme

Pension actuaries Barnett Waddingham has launched a programme designed to increase employer knowledge and understanding of the Pension Protection Fund (PPF).

Institute of Directors calls for overhaul of state and private retirement system fit for the 21st century

Retirement age needs to rise to 70 and the occupational pension regime should be replaced, according to the Institute of Directors (IoD).

Latest longevity figures on life expectancy could necessitate a further rethink of state pension age

People are now expected to live longer than the Government thought when it decided to increase the state pension age, leading to another pensions headache for employers, new research reveals.

CIPD plans to close its defined-benefit scheme next year

The CIPD is to close its defined-benefit (DB) pension scheme and replace it with a defined-contribution alternative from next January.

Pensions