2011 Archive

Pension saving in the UK falls to lowest level for 12 years

UK employees pension saving has declined sharply since 1999

Just 38 per cent of UK workers are saving into a private pension, the lowest level since 1999 as high inflation and low wage rises put the squeeze on spare money.

Italy's borrowing costs halve - but ECB deposits show distrust among banks

There has been mixed news from the eurozone this week, with conditions easing for Italy but distrust appearing to grow between the banks of different countries.

Public sector pension outline agreement announced by Alexander

Danny Alexander has announced details of an outline agreement on public sector pension reforms

The Chief Secretary to the Treasury, Danny Alexander has given details of an outline agreement that has been agreed with some of the public sector unions.

Pension Protection Fund to set up new panel to assist pension schemes

The Pension Protection Fund (PPF) has announced that it is setting up a new panel to help pension schemes to complete the PPF assessment period.

Government announces measures to protect pension pots

Minister for pensions Steve Webb has said he wants to make it easier for people to build up bigger pensions, even if they change jobs.

How to protect your retirement income

Find out how to maximise your retirement income

Choosing to buy an annuity through the open market option is one way of getting a better deal for your retirement. Kate Saines explains how to get the most out of your pension.

UK pension contributions stay at 12% of salary says NAPF

Final-salary pension schemes are being shut by many UK companies

The annual report from the National Association of Pension Funds (NAPF) says that final-salary pension schemes are closing at an increased rate but overall contributions are stable.

Unemployment reaches 2.64m, highest level since September 1994

Unemployment has increased to the highest level for 17 years

UK unemployment has risen by 128,000 over the last quarter to reach 2.64m in November as the fall in public sector jobs is not matched by private sector job creation.

Dr Ros Altmann and Andrew Dilnot discuss funding for care in the UK

The provision of retirement care in the UK is the subject of today's discussion

Dr Ros Altmann from Saga interviews Andrew Dilnot, author of the Dilnot Commission report into the funding of retirement care in the UK about how reforms can be implemented.

Annuities could be halved if pensioners ignore open market option

Older people's pension knowledge gap 'could prove costly'

Older people could be losing out on retirement income because of a lack of knowledge when it comes to certain terminology.

UK workers put in third longest hours in EU, ONS reports

People in the UK work some of the longest hours in Europe, according to new figures from the Office for National Statistics.

Report shows over-55s are poorer than a year ago

Over-55s are feeling the pinch of the economic downturn with both income and savings levels down, new research from Aviva has found.

Over-55s 'are neglecting to plan for retirement'

Over-55s could face a cash-strapped retirement unless they take action to plan their finances carefully.

Permanent private sector jobs fall at fastest rate since July 2009

A new report says there has been a fall in permanent jobs created in the UK in November

A new survey by REC and KPMG shows a sharp fall in permanent job placements and means that private sector jobs are not replacing jobs lost in the public sector.

UK couples find money a leading cause of arguments

Money is at the root of many arguments in Britain, particularly for the over-40s, new research has found.

Clegg threatens new laws to curb unfair executive pay

Legislation could be brought in to deal with "unjustified and irresponsible" pay for executives, Nick Clegg has said.

Manufacturing declines sharply and leads to job losses

The decline in UK manufacturing output continues

The latest Markit/CIPS manufacturing PMI shows a second successive fall in activity which has impacted on jobs and fuels concerns that the UK is entering recession.

Auto-enrolment pensions delay will affect up to four million people

Firms that employ fewer than 50 people will be given extra time to implement auto-enrolment

The Department for Work and Pensions (DWP) has announced that firms that employ fewer than 50 people will have an extra 13 months to implement the new system.

CBI survey reveals pessimistic outlook for UK service sector

The consumer services sector is suffering, new figures from the Confederation of British Industry have shown.

Osborne to use pensions to fund National Infrastructure Plan

Pension funds will be able to invest more easily in infrastructure as part of a plan to be announced by the government.

IoD: UK business "damaged" by excessive executive pay

The IoD has issued recommendations on executive pay

The Institute of Directors (IoD) has recommended changes to the way executives are paid and says current policies damages the image of UK business to the wider society.

Survey shows lack of confidence in pensions

New research has demonstrated that many Britons do not have faith that a pension will provide them with a good retirement income.

Women in their twenties earn more than men as gap narrows

The gender pay gap has narrowed for some women, according to the Office for National Statistics.

Cable sets out changes to employment laws and unfair dismissal

Vince Cable has outlined possible changes to UK employment law

Vince Cable has set out proposals for changes to UK employment laws and unfair dismissal designed to make the hiring and firing of staff easier for firms.

Average earnings in UK rise 3.5 times less than current CPI

The ONS reports that average earnings are failing to keep pace with inflation

The Office for National Statistics (ONS) reports that average earnings for full-time employees rose by just 1.4 per cent, 3.5 times less than the current rate of inflation.

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