Welfare News Service (UK) - Newswire

Bill introducing CDC pension funds with tax breaks addresses poor-value annuity schemes and is backed by Labour

Steve Webb announced yesterday that from next April, pension schemes used for automatic enrolment will not be able to charge members more than 0.75 per cent.

Pensions minister Steve Webb MP revealed his latest attack on what he described as Britain's 'broken pension system' today in Parliament.

Far from packing in their day-job and enjoying a well-earned rest, 60 per cent of us expect to have to maintain our employment after hitting state pension age.

Ben Gummer wants salary deductions renamed as 'earnings tax' – a move that has caught the eye of George Osborne

Policy Exchange says building up a pension pot 'should be an obligation equivalent to paying taxes for public services'

Members of a scrutiny committee said the DWP's assessment of the impact of introducing a 0.75 or 1 per cent cap on automatic enrolment pension charges is flawed.

The Financial Services Consumer Panel is calling for 'urgent reform' to the pensions annuities market as the watchdog warns it "does not work well for the majority of consumers".

Chancellor George Osborne is expected to say that those born after 1990 will have to work until they reach 70 before they can claim State Pension

The Money Advice Service has been sending out booklets that don’t reflect one of the biggest changes to pension rules in a century.

Today marks the beginning of a crucial few years as the UK's smaller companies gradually reach their auto-enrolment staging dates between now and 2018.

Government announces cap with effect from April 2015, a move that could spare savers fees worth up to £200m a year

George Osborne's announcement that savers will be able to access their retirement pots as and when they want will throw many pension strategies into disarray.

THE public sector "pension pot" is a myth as workers are paying for today's pensioners and putting their own future in the hands of an increasingly stretched next generation, a think-tank has warned.

The number of older people still in work is expected to rise by 13% between now and 2020, according to projections from the Office for National Statistics (ONS).

Workers could be asked to put a bigger slice of their income into their pension scheme under plans being considered by the Conservative Party.

The cost of providing the State Pension will quadruple in 50 years if the government fails to increase the pension age quicker, figures from the Office for National Statistics show.

Some insurance companies and pension providers have been heavily criticised in a report on the sale of annuities to people when they retire.

TUC has criticised Osborne's "work till you drop" pension age changes, which see's younger workers having to continue working until they reach the ripe-old-age of 69.

Frances O'Grady says Chancellor is carrying out long term attack on the welfare state