Pensions

DWP unveils plans making it easier for staff to move pension pots as they change jobs

Plans to make it simple for people to take their work pension with them from job to job, have been launched by the Department for Work and Pensions (DWP).

ONS wealth figures illustrate need for pensions 'nudge' to encourage employees to contribute to retirement savings

Total household wealth in Great Britain was £10.3 trillion in 2008/10, according to the latest Wealth in Great Britain chapters, released by Office for National Statistics.

Lack of retirement support from employers leads to 'loss of vital skills', finds Aviva study

Almost two-thirds of employers offer no tailored retirement support to their older workers according to the latest Real Retirement Report from Aviva, published yesterday.

Minister challenges pensions industry to give employees more certainty about what to expect in retirement

Pensions minister Steve Webb (pictured) laid down a summer challenge to pension providers and employers that provision in the future has to provide more certainty for people about what their...

Defined benefit pensions to deplete as defined contribution member numbers double, finds MetLife

Out of 9.5 million active members of private sector workplace pension schemes, 1.6 million are accruing new defined benefits, and this is projected to fall to less than 1 million by 2020 as the...

Workplace pensions and automatic enrolment: law affecting all employers comes into force this month

While many mid-sized employers facing automatic enrolment will consider the 1 October 2012 launch date of pensions auto-enrolment a problem only for large multi-nationals with thousands of employers,...

NAPF publishes employer guides for pensions auto-enrolment

The National Association of Pension Funds (NAPF) in association with JLT has published two new guides in its series ‘New rules for pension saving made simple’.

Review of pension master trusts reveals a transformed and competitive market

At its heart, a master trust is a multi-employer, trust-based scheme. It has trustees to protect members’ interests like a trust-based scheme, but it is not the responsibility of the employer to run...

NEST launches national pensions marketing campaign after research shows millions not saving through fear of making mistakes

Less than six months before workplace pension reforms begin to take effect, new research published today shows low confidence, rather than unwillingness, may be one of the main reasons for people not...

The Pensions Regulator gives employers guidance on how to achieve the best results from defined contribution pensions

The Pensions Regulator has published material to help employers to deliver good outcomes for retirement savers from work-based defined contribution (DC) pensions.

OECD report says Governments worldwide, will have to increase retirement ages to fund pension arrangements

Governments around the world will need to raise retirement ages gradually to address increasing life expectancy in order to ensure that their national pension systems are both affordable and adequate,...

Number of employees working beyond pension age doubles since 1993

The number of older workers – those working beyond state pension age – has nearly doubled from 753,000 in 1993 to 1.4 million in 2011, a new report from ONS found.

Pensions