Pension Advice on Advisers with Pension Finder

The Pensions Minister Steve Webb said that pension payments could become linked to the Consumer Prices Index (CPI) rather than the Retail Prices Index (RPI) The government have announced plans to change the measure of inflation which is used to calculate the payments of pensions. This means that millions who have invested in a private [...]

Announcement expected to remove the need for pension investors to buy an annuity A consultation that has been a long time coming is upon us and should announce that compulsory pension annuities are to be scrapped. Mark Hoban, the Financial Secretary to the Treasury is expected to announce proposals that will simplify the rules that [...]

It is believed by anti-ageism campaigners that older workers are being put out to pasture by UK employers In 2009, more than 100,000 mature workers were forced into early retirement as they became the biggest victims of cuts brought about because of the recession. In the previous two years, only 25,000 workers over the age [...]

Although there are to be cuts to staff payouts, the BBC has admitted that licence fee payers will be forced to foot a £100 million a year bill to pay off their pension deficit. The expected increase in what the BBC will be paying into the pension fund scheme is greater than their combined spending [...]

Nick Clegg claims that the current public sector scheme has to be cut because it is grossly unfair and overly expensive The deputy prime minister, Nick Clegg, said that public sector schemes are far too costly and they look certain to cut in the emergency budget. The Office for Public Responsibility (OBR) showed figures which [...]

What course of action can I take? If your pension is being saved in a money purchase plan keep your eyes open for details of the new Annual Allowance rate. Change the level of contributions you make to your pension plan if necessary and talk to your employer about doing the same. Those with final [...]

Thanks to government changes scheduled for next year, those saving in company pensions could face massive tax bills before they draw benefits, some of which could be in the thousands. As the government consultation has not been formally completed, the exact details are not known at this juncture. Here are some answers to common questions [...]

The top 200 largest UK companies have a combined pensions deficit of over £100 billion and the economic problems with exacerbate the issue Although the coalition government is on the mark with their proposal to eliminate the pension age of 65, letting people work for a few more years will not solve the overall pensions [...]

As the average life expectancy of a 65 year old is now 85 for women and 82.4 for men and on the increase, those pondering the purchase of an annuity in this day and age have some hard questions to ask themselves. This annuity represents a large slice of the income they will be living [...]

As a pension is considered to be income for retirement, many Britons merrily work and save, safe in the knowledge that this pension fund will keep them secure and comfortable in old age. The BBC has now become the first major public organisation to make large alterations to its existing pension scheme. From now on, [...]