Occupational Company Pensions

Fewer employees are paying into a company pension scheme says the ONS

Company pension enrolments fall below 50 per cent

New official data from the Office for National Statistics (ONS) shows membership of company pension schemes has dropped to just 48 per cent, the lowest since records began in 1997.

Pension contributions fell in the recession, says the ONS

Personal pension contributions fall by £2billion in recession

New research from the Office for National Statistics (ONS) reveals that less people are saving for their pension as a result of increased pressure on their finances in the recession.

The government wants to simplify the pension system

Pension reforms will mean it 'pays to save'

Iain Duncan Smith, the Works and Pensions Secretary has said in a speech yesterday that "we have to make it crystal clear to young savers that it pays to save."

Pensions `leakage` can cause problems with retirement income in later life, Mercer has warned.

Pensions `leakage` risks retirement income, warns Mercer

Giving people the option of tapping into their pension savings early can be a politically popular move, but it can also undermine the provision of adequate retirement income, it has been claimed.

Financial security is seen as the key to happiness in retirment, according to the poll.

Britons rank wealth above health for retirement happiness

Having financial security has been named the most important factor for a happy retirement in a new poll of British employees.

More than a third of working Britons think they pension savings will add up to an adequate income in retirement.

34% confident about pension income, says NAPF

Just over a third (34%) of British employees are confident that their pension savings will provide them with an adequate income when they stop working, according to a new survey.

Deficit doubles for pension safety net

The UK's Pension Protection Scheme's (PPF) deficit has doubled after the financial crisis pushed more firms into administration.

Regular pension reviews important says Prudential

Pension scheme members urged to review fund

Too many occupational pension scheme members are paying no attention to how their retirement savings are invested, according to Prudential.

British Airways looks to raise £600m through bonds and pension deal

British Airways today announced a deal to boost its liquidity by issuing bonds to investors and a deal with its pension fund guarantees.

Goodwin offers to 'cut pension by £4m'

Sir Fred Goodwin is offering to cut his pension, months after the first government pushed him to lower the size of his retirement pay-out.

BT tries to deal with massive pension deficit

BT aims to clear £2.9bn pension deficit

BT announced today it was aiming to clear its pension deficit - as it reported a £134 million loss.

2012 will bring Olympic pension struggle

New 2012 pension scheme shunned by employers

Employers will not be downgrading existing pension schemes in favour of the new personal accounts system.

Pensions Regulator warns of fraud risks to pensions

Pensions Regulator warns of 'trust buster' fraud risk

The Pensions Regulator has warned pension schemes are at higher risk of dishonesty and fraud during the downturn.

Injecting cash into economy may have increased pension liabilities for FTSE 100 firms

Quantitative easing 'creates £50bn pension hole'

The Bank of England's quantitative easing policy may have cost FTSE 100 pension funds £50 billion, according to research.

100 pension schemes rescued and more to come

100th pension scheme of bust business rescued

The 100th company pension scheme has now been transferred to the Pension Protection Fund (PPF) after the firming backing it went bust.

Sir Fred Goodwin's pension sparked public outrage

No "elaborate ruse" over Goodwin pension

Royal Bank of Scotland executives did not attempt to cover up Sir Fred Goodwin's pension, according to former chairman Sir Tom McKillop.

Lord Myners passes the buck over Goodwin pension scandal

Goodwin pension fault of RBS not government, says minister

City minister Paul Myners has again blamed the Royal Bank of Scotland (RBS) board over the bank's former chief executive Sir Fred Goodwin's pension.

Most people are better off saving for their retirement, the government says

Majority of workers 'better off saving for retirement'

Means-tested benefits available for pensioners should not put anyone off saving for old age, the government has claimed.

Pension schemes lose £65bn in 2008

FTSE 100 pension scheme assets lost £65 billion in assets over 2008.

Public sector pensions to be cut after mistake found

Darling won't "claw back" £100m pension overpayment

Alistair Darling is to write-off pension overpayments made to retired public sector staff, NHS workers and service personnel.

£225bn 'taken from pensioners'

Occupational pension schemes have lost between £150 and £225 billion in growth in tax grabs since the 1990s.

Public sector pensions worth more than private

Despite government reforms, public sector pensions are still more valuable than private sector pensions, a think tank claims.

Stock market crashes fails to dent pensions

FTSE 100 pensions switch to surplus despite financial crisis

September saw pension deficits wiped off the books for the for top 100 UK firms, despite the 12.5 per cent fall in the FTSE 100 recorded for the month.