Savings

Smaller firms get extra time to prepare for new pension scheme

Small businesses are to be given flexibility over the introduction of the government’s new compulsory workplace pension scheme.

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Changes recommended to boost defined contribution pensions

The Association of British Insurers (ABI) has produced a series of proposals aimed at improving the returns that employees receive from defined contribution pensions.

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Pensions policy requires 'radical' change of approach

Workplace pension schemes are in danger of failing to provide adequate retirement incomes, it has been claimed.

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New pension plans should be adapted for temporary workers

The new government-backed compulsory pension programme, due to come into effect in 2012, needs to take more account of temporary workers, it has been claimed.

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Savers could be hampering economic recovery

The number of households that are using their money to pay down debts or to boost their savings is on the increase and could be having an adverse effect on the economic recovery.

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Inflation rise puts savings under greater pressure

A combination of low interest rates and rising inflation means that savers are likely to see even poorer returns on their money.

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'Uncertainty' over personal accounts pensions

The low profile given to plans for the introduction of personal accounts pensions, the government-backed workplace savings scheme, in the pre-Budget Report has created an element of confusion, the Commons Treasury Select Committee has heard.

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Employers warned against pensions inducements

The Pensions Regulator has said that employers should not apply “improper” pressure to persuade members to move from one pension scheme to another.

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Pre-Budget Report 2009: personal tax

One of the major announcements in Alistair Darling’s pre-Budget Report was the decision to raise employers’ and employees’ national insurance contributions.

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