OFT outlines reforms to tackle 'poor value' pensions

The Office of Fair Trading's study into the £275 billion defined contribution (DC) pensions market has found savers are not getting "value for money".

A fifth of workers fear they will never retire

One in five UK workers fear they will never be able to fully stop working because of a shortfall in pensions and savings, according to a report published today.

Ban on consultancy charges in auto-enrolment pension schemes

Legislation banning consultancy charges on auto-enrolment schemes has come into force.

The industry needs to continue making pensions reform a success

Back in July 2012, the Royal Bank of Scotland was the first employer to start auto-enrolment, three months ahead of the scheme’s official introduction to get more people saving at a time when less...

Decline in pension contributions among those yet to auto-enrol in a scheme

Employees due to be enrolled into a workplace pension for the first time are becoming less willing to put money into it, despite a shortfall in contributions, a Scottish Widows report has found.

Teachers to strike in row over pay, pensions and workloads

Teachers in England are planning to hold a fresh round of strikes over pay, pensions and workloads.

Pensions for FTSE 100 directors averages £260K a year, study finds

The average pension pot for a FTSE 100 director increased by £400,000 last year to £4.73 million, with one director collecting a fund worth £22.2 million, according to the TUC.

Record number of people have no retirement plans

One in seven (14%) non-retired people, the equivalent of more than 5 million people, do not plan on retiring, according to research by investment management firm Baring Asset Management (Barings).

Deferring state pension could cost workers £6,000, study finds

The value of deferring state pension is set to be cut in half and could leave many people around £6,000 worse off over their retirement, according to research published by pensions consultancy Hymans...

Low opt out rate for auto-enrolment, DWP figures reveal

More than 90% of workers auto-enrolled into a workplace pension scheme are staying in, according to figures published today by the Department for Work and Pensions (DWP).

Pensions deficit widens at FTSE100 firms, LCP report finds

The pension deficit at FTSE100 companies has increased, according to a report published today by pensions specialists LCP.

Almost two million workers left behind by auto-enrolment

Millions of UK workers are at risk of retiring on just the state pension because they don't qualify for auto-enrolment, according to investment management firm Hargreaves Lansdown.

Pensions