Two-fifths of larger employers may review their company pension scheme and cut costs, in preparation for the launch of the National Employment Savings Trust in 2012.
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Posts Tagged ‘Company Pension Scheme’
Company pensions to suffer as government launches NEST
Wednesday, September 1st, 2010Retirement cancelled due to lack of interest, as over-50s revise pension planning
Friday, July 30th, 2010Over half of over-50s believe they may never afford to stop working, now that the retirement age is to go in October 2011. Fifty-nine per cent of workers fear they did not save enough into their pensions, and may now outlive their pension savings.
First UK corporate ISA as savings alternative to company pension scheme
Monday, July 26th, 2010
Barratt Homes has launched the UK’s first corporate ISA, which offers a stocks and shares investment with tax-advantaged growth in savings, but where the cash can be accessed at any time. As such, it may appeal to younger workers as a medium-term savings option with easy access to your cash.
Basic State Pension age now to be 68
Tuesday, July 20th, 2010
The Government’s latest proposal is to set 68 as the age for taking the basic state pension. Each year deferred would add 1% to GDP, says Iain Duncan Smith Read More
Company pensions changes will cut pension income
Friday, July 9th, 2010
The Government is to alter the inflation index used to calculate payments from many company pension schemes. The measure, which could affect up to half of UK company pensions, will mean less pension income for members
BBC Pension Plan could define Public Sector pension schemes
Tuesday, July 6th, 2010Pension changes 'not understood' by most employers – could cost £1,000 per employee
Monday, June 21st, 2010Up to 69% of employers confess they still do not understand the requirements and cost implications of auto-enrolment of employees into a pension from 2012 – even though the admin alone could cost £1,000 per worker, per year.
Government reviews plans for NEST company pensions
Monday, June 7th, 2010Government is looking again at plans for company pensions in the NEST scheme. Pensions minister Steve Webb has said he will review the ‘scope’ of the scheme, which currently aims to offer company pensions universally, to all employees.
Nationwide struggles with deficit in company pension scheme
Tuesday, June 1st, 2010Nationwide’s deficit in its company pension scheme increased from £40m to £331m last year. Nationwide is the latest company to be hit by spiralling pensions commitments, as high quality but high cost final salary pension schemes are closed across the nation. Read more about the decline of the final salary pension here
Company Pensions – ‘end of road’ for final salary schemes
Friday, May 28th, 2010Fifteen of the FTSE 100 companies now have company pensions liabilities that are greater than the equity market value of the company. Experts predict that this spells the end of the final salary pension scheme.
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