Public-sector employees will have to work longer to collect their pensions

Public-sector staff have been told they will have to work for longer and contribute more into their pension schemes, in order to secure an appropriate retirement income.

Employees need to be incentivised to save for retirement

HR professionals have warned employers they must engage staff in saving for retirement so they don't have to work on into old age.

Employers are urged to use the 'club card' to convey the value of pensions

Employers could learn from the supermarket 'club card' model when trying to communicate pensions with staff, HR staff have been told.

Facebook and Twitter are valuable tools for promoting pensions to Generation Y

With the rise of social networking, technology such as Facebook and Twitter are valid tools to communicate pensions education to staff - regardless of age, according to industry experts.

Pensions minister predicts a much brighter pensions future

The pensions minister, Steve Webb, has admitted the current situation on state and occupational pensions is "wholly inadequate", but claims the "glass is half full" and predicted a much brighter...

Pensions body urges employers to spell out the pensions benefits at recruitment stage

Too many people are sleepwalking into a job with no idea about its pension provision, and employers are not doing enough to help them.

Employees place too much reliance on company pension scheme without knowing full financial details

Although a majority of employees are reliant on their company pension as their main source of retirement income, many do not know how much their employer actually contributes to the scheme.

Number of pensioners in poverty has fallen by one million

There are one million fewer pensioners in poverty than a decade ago, according to figures out today from the Office for National Statistics but over this period the proportion of pensioners' income...

News

Aegon closes third party pension and employee benefits software businesses

Aegon, one of the world's largest life insurance and pension firms, is to close its third party pension administration and its employee benefits software businesses.

Will Fair Deal for pensions survive the public-sector cuts?

For the most part it is not employment law that protects public-sector employees' pensions when they transfer to a private sector employer. The Transfer of Undertakings (Protection of Employment)...

Employers are waiting for Government review before going ahead with pensions-auto-enrolment plans

Two-thirds of companies have started to prepare for pension auto-enrolment, but many have put their plans on hold to wait for the outcome of the Government's review next month, according to a survey...

How to get in shape for pension reform in 2012

Britain's pensions landscape is facing a radical transformation in the next few years. The abolition of default retirement ages, an acceleration in the rise of the state pension age, and the reform of...

Pensions