Personal accounts come low on employees' financial priority list

Six out of 10 employees see no benefit in personal accounts, when saving for retirement.

Unite lambasts companies that use the recession as an excuse to cut pension provision

Trade union Unite has expressed 'outrage' at the number of employers closing final- salary pension schemes in the last month.

Defined benefit pension deficits predicted to increase twelve-fold by end of year

Employers still offering defined benefit (DB) pensions could face a twelve-fold increase in pension deficits - taking the total to 689 billion by the end of this year - according to pension experts.

HR must help employees to make informed financial decisions

Leading organisations are increasingly seeking to look after their employees' interests beyond the immediate workplace remit. Many organisations have recognised financially secure employees are more...

The CBI recommendations could help reverse the decline in final-salary pension provision long-term

In the current economic climate companies are obviously struggling and the presence of a final-salary pension scheme will often be placing an added strain on a company's finances.

CBI calls on Government to give businesses more time to make up final-salary pension deficits

The Government must give businesses struggling in the recession more 'breathing space' to take steps to minimise the effects of deficits in their final-salary pension schemes, according to the CBI.

Defined contribution pension assets increase by 10% since April

Thanks to a 'bullish performance' by global equity markets, the asset value of UK workers' defined-contribution (DC) pension accounts has increased by 10% since April to a combined total of 418...

Fujitsu Services plans to close its final salary pension scheme

Fujitsu Services is planning to close its final salary pension scheme to future accrual, affecting the retirement benefits of 4,000 active members.

Molinycle Heathcare launches total reward statements and tax efficient pension scheme

Molnlycke Healthcare has launched online total reward statements and a salary sacrifice pension scheme.

Pensions: Personal accounts set to fail as few companies plan to adopt them

Personal accounts look likely to fail in 2012 as 80% of employers plan to keep their existing scheme and only 2% intend to offer a pure personal accounts arrangement.

Ambiguity surrounding tax relief on high earners' pension contributions will paralyse corporate schemes

Budget measures to levy additional tax on high earners' pension contributions will be detrimental to employers offering corporate pension schemes, industry experts agree.

More action needs to be taken to prepare people for an active life when they retire, says Department for Work and Pensions

Despite fears of pensions under-funding, the Department for Work and Pensions (DWP) shows the average income for pensioners has grown 29% between 1997 and 2007 but the DWP reports older people are...

Pensions