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Savings

Government confirms end of default retirement age

The Government has said that, according to plan, the default retirement age of 65 is to be phased out between 6 April and 1 October 2011.

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Pension schemes back in the black

Company pension funds showed an improvement in the state of their finances during December, a new report has revealed.

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Small firms struggling on pensions

The workplace pension contributions made by smaller firms are failing to keep pace with the rising costs of pension funds, a new survey has found.

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Increase in savings protection

The ceiling on the amount of savers’ money that is safeguarded should a bank or building society collapse has risen from £50,000 to £85,000.

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More thinking needed ahead of retirement age change

The government has been urged to clarify its thinking on the planned scrapping of the default retirement age in order to avoid the risk of extra tribunal claims.

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Finance Bill given advance warning

The draft version of the Finance Bill 2011 has been published three months ahead of the laws coming into effect.

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Pension savers to get more freedom over their retirement money

Pension legislation that forms part of the draft 2011 Finance Bill will give pension savers a greater degree of control over how they use their retirement pots.

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Private pensions may be hit by new inflation plans

The government has launched a consultation on the rules governing how private pensions are safeguarded against inflation.

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Inflation nags away at savings

The latest rise in inflation will make life even more difficult for savers who are trying to find an account that gives them a real return on their money.

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Private pensions may see switch in indexation

The government has opened the way for private sector pension schemes to change the way that savings are protected against inflation.

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