Increased life expectancy figures must serve as a warning for employees to save for retirement

Twenty year olds are three times more likely to reach 100 than people of their grandparent’s age (80 year olds), and roughly twice as likely to reach 100 than people of their parent’s generation (50...

Public sector bodies launch consultations into changes to pension schemes

Each of the public service pension schemes has now begun a consultation on their proposals for member contribution increases from April 2012.

Independent investigation outlines course of action to boost private sector pensions

Private sector workers must get a better deal from their pensions if they are to save enough for retirement, an independent investigation warned today.

CIPD warns Government and unions to "stop squabbling" over pensions

Government and unions need to move quickly beyond squabbling over inevitable changes to public sector pensions, and on to a shared agenda of promoting the valuable and substantial benefits of pensions...

News

DWP consultation shows "overwhelming support" for a single-tier state pension

A summary of consultation responses published yesterday revealed broad support for state pension reforms that could significantly reduce the need for pensioners to apply for pension credit.

News

Oracle launches group personal pension with 89% take-up rate

Oracle has rolled out a group personal pension to its entire UK staff, with an 89% take-up.

High Court decision on what makes a DC pension throws up questions for employers

The first Supreme Court judgment on pension schemes was handed down yesterday, clarifying confusion around what is a defined contribution (DC) scheme, which can have a big impact on members’ rights....

More changes could be afoot on public sector pensions

A meeting of the TUC's public service unions yesterday earlier this week agreed to extend the TUC's negotiations with the government on public service pensions.

Employers concerned staff are not ready to fund their retirement, survey reveals

Less than a quarter of employers believe their staff are aware of the various retirement income options that are now available.

News

Heineken closes defined benefit pension, replacing it with double-matched defined contribution scheme

Heineken, the beer and cider business, has introduced changes to its future pension arrangements for existing employees and new joiners.

Employers overpay into defined benefit pensions to the tune of £5 billion per year

Companies are overpaying into defined benefit pension schemes, with funding targets more than 10% higher than necessary, according to research by PwC.

News

Companies not doing legwork on employer duties around pensions, Aon Hewitt poll finds

A third of employers have yet to undertake pension contribution cost modelling for the impact of the new employer duties, which come into effect from autumn 2012, according to a survey by HR...

News

Pensions