Most households are more likely to stop saving for retirement than to cancel their digital TV subscriptions, according to new research. As the Bank of England warns everyone should work harder and longer to save for a pension, a report from Skipton Building Society’s financial services arm reckons around one in five have given up [...]
Protecting your cash from poor investment advice
Consumer watchdogs are warning that new rules governing the selling of financial products are stirring up fraudsters and the risk of more misselling scandals in some of the murkier depths of the industry. The Financial Services Authority (FSA) is so concerned about bad advice and greedy banks, a checklist of traps and pitfalls for unaware [...]
Mortalilty rate rises increasing pension costs
Pension actuaries Punter Southall have warned that longer life expectancy will make pension funding more expensive in the long run. Figures from the Office for National Statistics (ONS) have indicated that the death rate fell in 2011. A total of 484,000 people died in the UK in 2011 and this was the third year running [...]
HMRC pension rethink opens way for extra contributions
Retirement savers who want to make the most of their investments only have a few weeks to go before the new tax year closes off opportunities for last-minute planning. Pension provider Standard Life is urging pension savers to look at unused annual allowances after HM Revenue and Customs updated advice about maximising contributions from allowances [...]
Government change timetable for pension reform
The government’s plans to roll out the private sector pension reforms which will automatically enrol employees into a pension scheme will not be complete until three years after the originally intended date. The government proposals for auto enrolment onto pension schemes are set to begin in October this year. This will see some of the [...]

