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Savings

Businesses should not have to administer pension reforms

Firms should not be expected to assume the role of administrator for the pension reforms that are set to be introduced in 2012, a leading business group has argued.

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New pension tax relief plans receive qualified support

Government plans to simplify pensions tax relief have won qualified backing from the Chartered Institute of Taxation (CIOT).

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Employers may cut benefits to accommodate auto-enrolment

Employers could reduce the benefits available in workplace pension schemes as a result of plans to introduce auto-enrolment for all workers.

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Employers give backing to pension changes

A small majority of employers say they support plans to introduce the automatic enrolment of employees into a workplace pension scheme.

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State pension age could require 'significant' rise

The state pension age will need to rise to 72 over the next two decades if the government wishes to peg retirement costs to the public purse at the same level as existed in 1981.

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Savings accounts face 'obsolescence'

The twin pressures of stubbornly high inflation and low interest rates could render savings accounts obsolete, it has been warned.

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Savers not being told about interest rate changes

Many banks and building societies are failing to keep savers properly informed about changes to the interest rates on their accounts, comsumer group Which? has claimed.

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Government publishes a raft of tax consultations

The Treasury has issued nine consultation papers on various aspects of the personal and business tax system in what amounts to a far-reaching overhaul of the entire regime.

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