Savings

Pension funds slip back into deficit

Final salary pension funds in the UK have dipped back into deficit, new figures have revealed.

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Press ahead with pension reforms but simplify them, says CBI

The CBI has urged the government to continue with the planned schedule for introducing workplace pension reforms that will see all employees automatically enrolled in a retirement scheme.

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Businesses should not have to administer pension reforms

Firms should not be expected to assume the role of administrator for the pension reforms that are set to be introduced in 2012, a leading business group has argued.

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New pension tax relief plans receive qualified support

Government plans to simplify pensions tax relief have won qualified backing from the Chartered Institute of Taxation (CIOT).

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Employers may cut benefits to accommodate auto-enrolment

Employers could reduce the benefits available in workplace pension schemes as a result of plans to introduce auto-enrolment for all workers.

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Employers give backing to pension changes

A small majority of employers say they support plans to introduce the automatic enrolment of employees into a workplace pension scheme.

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State pension age could require 'significant' rise

The state pension age will need to rise to 72 over the next two decades if the government wishes to peg retirement costs to the public purse at the same level as existed in 1981.

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Savings accounts face 'obsolescence'

The twin pressures of stubbornly high inflation and low interest rates could render savings accounts obsolete, it has been warned.

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