Pensions
Row as Labour minister joins 'pension cuts' body
John Hutton, a former Labour Cabinet minister, has been appointed to head a commission that will look for ways to cut the cost of pensions for public sector workers.
Inside Pensions
Private companies look to slash pension scheme costs, says PwC
Monday, 14 June 2010
Private sector employers are set to embark on a new round of pension cost cutting, a report published today reveals, axing final salary schemes of thousands of staff while also pursuing other strategies for getting rid of liabilities related to retirement benefits.
Most private pensions worth £2,000 a year or less
Wednesday, 9 June 2010
Three-quarters of Britons are retiring on incomes of just £2,000 a year or less from their private pensions, research showed today.
Workers set to sue for 'robbed' pensions
Thursday, 3 June 2010
Thousands of workers at a former car parts firm are close to taking legal action to recover pensions worth millions of pounds "robbed" from them when the company went into administration, it was learned today.
BP share price slide hits UK pension funds
Wednesday, 2 June 2010
The steep slide in BP's share price is bad news for UK pension funds - the vast majority of which will hold a stake in the company.
Nationwide may review pensions
Monday, 31 May 2010
Nationwide Building society last night refused to deny that it is looking to cut pension benefits as part of a sweeping cost-cutting drive.
Pension age 'linked to life expectancy'
Thursday, 27 May 2010
The age at which people can claim their state pension may be changed to rise in line with increases to life expectancy.
How to make sure your pension won't go to pot
Sunday, 23 May 2010
Mistrust of financial advisers means many pensioners rely on friends or family for advice. It could cost them an easy retirement. Alison Shepherd reports
Julian Knight: IDS is happy now but our pensions could wipe the smile off his face
Sunday, 16 May 2010
The broadest smile in Downing Street wasn't Clegg or Cameron last week but Iain Duncan Smith as he walked to his first cabinet meeting.
Grocer seeks to plug pension gap with property
Friday, 14 May 2010
Despite reporting better-than-expected profits yesterday, J Sainsbury admitted that the hole in its pension fund has grown to £1.2bn.
M&S; puts aside extra £800m to try to close £1.3bn pension deficit
Thursday, 13 May 2010
Marks and Spencer has agreed a pension funding package worth £800m in an attempt to close the scheme's deficit. The group's defined benefit scheme, which has 123,000 members, faced a £1.3bn shortfall when its last valuation was carried out at the end of March last year. In order to close this, M&S; has agreed to pay in an additional £376m between now and 2018.
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