Government 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.
Government 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.
The pensions landscape is braced for further changes, as a new Government is expected to continue reshaping pensions provision in the UK. The only certainty is that pension planning by the individual has never been more critical, in an age when other stakeholders seek only to reduce their commitment to pensions provision.

Every UK company will soon be required to offer pensions to all employees, following the launch of the National Employment Savings Trust (NEST). However, employers who act now can still exempt themselves from NEST by setting up their own scheme.

Using the facility of ‘substitution’ a divorced homemaker, who has never worked, can obtain a state pension, by claiming on her former partner’s National Insurance contributions.

The £600m loan to set up the NEST government pension scheme is to be repaid by a 2% levy on members’ pension savings. Members may also lose state pension credits, because of their NEST savings, experts warn.
Are you one of the 27% of people soon to retire, who will rely on the basic state pension as their main means of support? If so, then you could be receiving basic state pension benefits that currently stand at less than £5,000 a year.
Latest facts released by the pensions industry are revealing some worrying trends with regard to our levels of pension saving … or not saving.

The government is to scrap the compulsory retirement age of 65, allowing employees to seek the agreement of their employer to work into their 70s.
Could you survive on just the basic state pension? The basic state pension currently pays out £95.25 for an individual. This can be supplemented with Pension Credit, which can bring the total up to £130, or £198.45 for a couple. However, Pension Credit is means-tested, in other words, you will not get it if you [...]
















