Pensions
ABI calls for automatic pensions enrolment
27th November 2008
Automatic pensions enrolment should be brought about by the new Pensions Act 2008 immediately, the Association of British Insurers (ABI) has claimed.This, it said, could help millions of current and future employees secure savings for a comfortable retirement.Commenting on the formalisation of new ... read more »
Government urged to simplify pensions
26th November 2008
The government needs to simplify the current pensions system in a bid to protect the poorest families from ending up impoverished during retirement, it has been claimed.According to Scottish Life, the pensions system is so complex that even officials in the industry struggle to ensure the right ... read more »
'Too many Brits without pension savings'
25th November 2008
The British working population is not putting enough stock into the importance of the need to save for their retirement, it has been claimed.According to the Association of British Insurers (ABI), around 13 million people are not saving enough or not saving at all for their pension.The ... read more »
Most over 50s are still saving for retirement
25th November 2008
The majority of over 50s are still saving for their retirement to safeguard their future financial security, according to Alliance and Leicester's savings outlook report.More than four-fifths of over 50s polled said they are still saving for the future, while 42 per cent claimed they had made or ... read more »
Brits urged to make pension contributions
20th November 2008
The public must be reminded that pension savings and investments are necessary for retirement, according to the Department for Work and Pensions.Rosie Winterton, the pensions minister, said that experts in the pensions industry must "reach out to consumers to talk to them in a sensible and ... read more »