Pensions News

‘Opaque’ annuity system costing pensioners £1bn a year

Half a million people retiring each year lose out on up to £1 billion from future pension income because of the way annuities are sold, a new report suggests.

Network Rail chief bonus ‘unacceptable’ says Greening

A £336,000 bonus lined up for Network Rail’s chief executive Sir David Higgins has been slammed by Transport Secretary Justine Greening as ‘unacceptable’.

HMRC extends self assessment deadline due to strikes

The deadline for online self assessment tax returns has been extended, so taxpayers who file on February 1st or 2nd as a result of staff strikes will not receive a penalty.

Parents 'may want to pay more into pensions to avoid child benefit losses'

Pension planning could avoid families losing out when changes to child benefits come in.

Cameron and Clegg praise McDonald's as it creates 2,500 new UK jobs

McDonalds will create 2,500 new UK jobs this year

The Prime Minister and Deputy Prime Minister have praised McDonalds for its staff training as it announces 2,500 new jobs in the UK in 2012, over half of which are for young people.

Vince Cable announces government plans on executive pay

The business secretary Vince Cable has announced reforms to the rules governing executive pay

The business secretary, Vince Cable, has presented his plans to parliament on how to curb excessive executive pay but Labour say his plans do not go far enough.

Former Woolworths staff win £67m 'Protective Award' compensation

Former Woolworths staff have won compensation

Shopworkers union Udsaw has won an Employment Tribunal for former Woolworths staff that will see 24,000 of them share £67 million.

Unemployment increases to 2.68 million in December

Unemployment rose to 2.68 million in December, says the ONS

The Office for National Statistics (ONS) announced December's unemployment figures today which show a rise of 118,000 in the past three months and that youth unemployment continues to rise.