Government plans to scrap the default retirement age are “great news” for those approaching retirement, according to pensions provider Aviva.
Research by Aviva found nearly seven in ten (68%) of over-55s would like to continue working when they reach 65.
Last week the coalition government said from October 2011 employers will no longer be allowed to force [...]
A shake-up of the retirement system will see the default retirement age scrapped in the UK from October 2011.
Under new Government proposals to be unveiled later today, employers will no longer have the legal right to terminate the employment of a 65-year-old.
Charities such as Age UK and activists have welcomed the new proposals as [...]
Britain’s over-50s have reduced their retirement savings by nearly £18 billion over the last year, according to new research by LV=.
The pensions, investments and insurance group found 21% of those approaching retirement have reduced their retirement savings by an average of more than £300 per month in the past 12 months.
In the same period, just [...]
A report published by the independent Public Sector Pensions Commission is suggesting the Government needs to urgently review Britain’s public sector pension system.
According to the report, a radical reform is needed as public sector pensions cost double the amount previously thought.
The report said State pensions are “unreasonably forced on to future taxpayers” with Britain’s 30.6 [...]
A survey by Scottish Widows has found that the squeeze on household incomes, as a result of the economic downturn, has hit pension savings with nearly half of people in the UK saving less.
According to the Edinburgh-based life and pensions provider, 41% of people saved less for their pensions – many of them blaming the [...]
Brits should take charge of their own pension plans following the government’s cuts to pensions in the emergency budget, a financial expert has claimed.
Nick Scarrett, head of pensions at the Fair Investment Company (FIC), said consumers should take responsibility for saving as much as they can afford for retirement.
“It has never been more important to [...]