The government scheme aimed at encouraging low-paid employees to save for their retirement could be a "disaster", experts have warned. The call came after the government revealed that all contributions into the National Employment Savings Trust (Nest  More...
17 March 2010 08:52

Public sector pension payouts could more than triple over the next 50 years, the National Audit Office (NAO) has warned. In a report on unfunded public sector schemes, the NAO found they will pay out £79bn by 2060, compared with £25bn this year.   More...
12 March 2010 09:01

Pensions remain the most important employee benefit on top of salary that an employer can offer, a study has found. This is despite more than one-third of workers (38%) worrying their own pension funds would be inadequate during their retirement,&nb  More...
10 March 2010 08:11

More than 100,000 people are now members of workplace pension schemes that meet the NAPF's new Pension Quality Mark. The mark, overseen by the National Association of Pensions Funds, is awarded to employers that contribute 6% or more to their de  More...
08 March 2010 08:31

The state pension age (SPA) should be raised faster and further than currently planned and the default retirement age (DRA) should be scrapped, according to a new report. The Working longer, living better: A fiscal and social imperative repo  More...
25 February 2010 16:10

The value of pension top-up payments made by employers has nearly halved in two years, research has found. Figures released by the Office for National Statistics (ONS) revealed the value of these payments fell from a peak of £13.2bn in 2006 to £6.8b  More...
24 February 2010 08:48

The National Association of Pension Funds (NAPF) will today launch a new governance code, urging pension funds and other institutional investors to promote better standards. The NAPF will recommend that institutional investors engage more closely wi  More...
09 February 2010 09:32

Staff at vehicle breakdown service the AA may strike for the first time in the company’s 105-year history. The threat of industrial action was caused by plans to cap benefits in two AA pension schemes. The Independent Democratic Union (IDU) will an  More...
03 February 2010 08:38

The jobs of 135 staff at the UK arm of Reader’s Digest are under threat. The magazine came close to financial collapse last night after a talks on a deal to prop up its pension fund broke down. The jobs and the full pensions of 1,600 past and  More...
02 February 2010 11:27

Staff are paying more money into their pensions than their employers, research has revealed. Figures from the Office for National Statistics (ONS) show that employers paid £40.6bn into company pensions in 2008, a £4bn (9%) drop year-on-year, but wor  More...
28 January 2010 10:13

The pension deficit for local councils in England and Wales could have reached £60bn – more than double the level three years ago, the Liberal Democrats have warned. Using the Freedom of Information Act, Lib Dem pensions spokesman Steve Webb fo  More...
15 January 2010 09:12

DSG International, the owner of Currys and PC World, has begun consulting over the closure of its defined benefit pension scheme to future accrual. The move would affect 2,400 of DSG's 40,000 staff, the Times has reported . The scheme has already  More...
15 January 2010 08:51

Pinsent Masons partner Jacqui Timmins explains why employers will be tempted to "level down" their pension contributions. Employers could slash the value of their pension schemes to bring them in line with new regulations,   More...
15 January 2010 08:00

For several months now, UK employers have been coming to terms with the main aims of the pension reform agenda. For them, the main elements are the fundamental right of almost all employees to a company contribution, through either a qualifying company   More...
14 January 2010 15:02

Retired Gurkhas have lost a High Court test case over pension rights, reports the BBC . The British Gurkha Welfare Society was seeking a judicial review of a decision to limit the pensions paid to those who left the service before 1997. Gurkha   More...
12 January 2010 08:44

Fujitsu staff look set to strike for three days from Thursday. Workers at the Japanese IT giant are angered over job cuts, a pay freeze and pension changes . Last year, the IT services unit said it would cut up to 1,200 jobs in the UK. One   More...
07 January 2010 09:57

A new Public Sector Pensions Commission has been launched to examine the cost of the sector's final-salary pensions schemes. The commission, which is sponsored by the Institute of Directors (IoD), is expected to provide a blueprint for reforms for th  More...
18 December 2009 09:40

Fujitsu staff plan to strike this Friday in a row over job cuts, a pay freeze and pension changes. Workers at the computer giant's Wakefield offices will down tools for the first six days of action. According to union leaders, a substantial num  More...
16 December 2009 09:35

British Airways (BA) cabin crew have voted nine-to-one in favour of a strike, with reports stating that a 12-day strike could begin next Tuesday and last throughout Christmas and New Year. Unite union said that 80% of its cabin crew members turned ou  More...
14 December 2009 15:29

Fujitsu workers have resumed their threat to strike announcing six separate days of industrial action, starting next week, in a row over job cuts, pay and pensions. The IT firm has today been served notice by union Unite stating that one-day strikes   More...
11 December 2009 16:22