2005 Archive
First FTSE 100 firm closes final salary scheme
In what is being trumpeted as the tip of an iceberg, a FTSE 100 company has announced plans to close its final salary pension scheme, not just to new entrants, but to current members as well. |
Five million Brits selling their inheritance
Over five million Britons have sold on inherited items they do not want. |
One pension in five inadequate
One pensioner in five is struggling to get by in retirement, with millions more forced to make cuts in their spending. |
Property pensions 'retired'![Second homes will no longer be part of Sipps [photo:Pixmedia]](http://p0.myfinances.co.uk/thumb/second-homes-will-no-longer-be-part-of-sipps-.16144.jpg "Second homes will no longer be part of Sipps [photo:Pixmedia]")
Chancellor Gordon Brown yesterday announced that the much hyped 'property pensions' set to come into force next year have been scrapped. |
Pre-Budget report 2005: Implications
Gordon Brown today issued his pre-Budget report announcing planned changes to tax, housing, and allowances. MyFinances brings you a roundup of the key implications for your money. |
Turner Report - the future of pensions?
Adair Turner, chairman of the pensions commission, has today outlined the findings of his three-year inquiry into the future of UK pensions. |
Turner Report - National Pension Savings Scheme
Adair Turner's pensions commission recommended the government set up a National Pension Savings Scheme that employers and employees would contribute to. |
Turner Report - state pension reform
Adair Turner's pensions commission has recommended that the basic state pension should be increased, and retirement age raised. |
Pension gap boosts buy-to-let
The UK buy-to-let market is being supported by the ongoing pensions crisis. |
Pensions plans must pass the tests
The government sent out mixed messages today about pensions reform - making a case for both action and caution. |
UK pensions 'going the wrong way'
A new report reveals that UK pension provision is better than many would have us believe, but is still on a slippery slope. |
Public to miss out on pensions reform
While those in the know plan to take advantage of pensions changes coming up next year, the majority of Britons have no idea about them. |
Lib Dems call for citizen's pension
The Liberal Democrats have unveiled their vision for the future of British pensions. |
Turner Commission: Retire later for bigger pension
The government's Pension Commission is set to recommend that Britons should work longer for a larger state pension, a leak to the <i>Financial Times</i> indicates. |
Private pensions to overtake state
Next year private pensions' income will overtake state provisioning and provide the majority of retirement funding, new figures show. |
Trust in pensions funds collapses
Frequent reports of the UK pensions 'crisis' have led to a collapse in investors' trust that their fund is making the most of their money. |
Employees in the dark over pensions
Four out of five employees do not know what level of pension they will need to support them in retirement, a new study finds. |
Calls for fairer pensions for women intensify
Two charities are today calling for reform to the pensions system, to prevent women from missing out in retirement. |
Women's work worth £17,407
A woman's work might never be done, but it would cost £17,407 a year to pay people to do it. |
Women's pensions a 'national scandal'
British women face a far poorer retirement than men, a government report has found. |
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