UK's 'failing pensions architecture' drives staff to ISAs, finds IoD

The UK’s “failing pension architecture” is leading millions of employees to abandon pension saving entirely, preferring to trust other vehicles such as ISAs, according to a report from the Institute...

West Midlands Integrated Transport Authority completes first local government pensions buy-in

West Midlands Integrated Transport Authority (WMITA) has completed the buy-in of its pensioners with Prudential and the assistance of Mercer and Squire Saunders.

Red tape challenge moves onto private pensions regulation

Private pensions regulations are being put in the spotlight from this week, as part of the Government’s 'Red Tape Challenge'.

NEST outlines guidance for employers should staff opt out of pensions auto-enrolment

The National Employment Savings Trust (NEST) has detailed its stance on how employers should manage staff that wish to opt out of pensions auto-enrolment.

Public sector pensions deficit reaches £54 billion, TaxPayers Alliance claims

The TaxPayers’ Alliance (TPA) has found councils across the UK had a combined pension deficit of £54 billion in 2010-11.

Auto-enrolment: directors and executives at risk of losing pension protection

Directors and senior executives are at risk of inadvertently losing protection on their pension savings by being auto-enrolled in their workplace pension scheme, according to wealth advisor Towry.

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NAPF publishes employer guides to pensions auto-enrolment

The National Association of Pension Funds has launched guidance to help employers implement auto-enrolment.

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NAPF urges Government to help savers with small pension pots

Hundreds of thousands of small pension pots are already “stranded”, a problem that is likely to get worse after the introduction of automatic enrolment, according the National Association of Pension...

Budget 2012: chancellor signals death knell of contracting out for defined benefit pension schemes, says pensions consultant

The Government is holding to its plan to reform the State Pension into a single tier scheme for future pensioners as announced last year and will provide a White Paper next spring.

Budget 2012: flat-rate single tier pension of £140 per week for new pensioners

The Government has announced a flat-rate state pension of £140 per week, in today’s Budget.

Budget 2012 predictions: Pensions, personal allowances and child benefit come under Government spotlight

Cuts in pension tax relief and child benefit look set to hit the headlines after Wednesday’s Budget, but employees’ personal allowance could also be increased from £8,105 to £10,000 per annum,...

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Work and Pensions Select Committee: NEST could add complexity to employers and disadvantage staff

The Government should lift two key restrictions on the operation of the National Employment Savings Trust (NEST) as a matter of urgency, according to a report published this morning by the Work and...

Pensions