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Savings

Think-tank warns on tax rises and spending cuts

A leading think-tank has argued that none of the three main political parties has ventured far enough in identifying the sort of spending cuts and tax rises that may be necessary to reduce the UK’s budget deficit.

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Companies make early dividend payments

UK companies brought forward over £840 million in shareholder dividend payments ahead of the end of the tax year.

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New workers' pension scheme could 'deter' savers

The government’s new workplace pension scheme may be rejected by many of the employees it is deigned to help, the CBI has claimed.

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Pension funds back in the black

The improving economic climate has seen the funds of the UK’s final salary pension schemes move into a surplus for the first time in nearly two years.

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Huge numbers failing to save for retirement

Almost two out of three private sector employees are not saving for a pension, official figures have revealed.

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The retired facing 'complex' tax regime

The tax system for people in retirement has been described as being too complex, and, as a result, too many older people overpay their taxes.

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Drop the compulsory retirement age, says Equality Commission

Employees should be allowed to continue working after the age of 65, the Equality and Human Rights Commission (EHRC) has argued.

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Pension funds register drop in deficits

There has been a distinct improvement in the state of the UK’s final salary pension schemes.

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Smaller firms get extra time to prepare for new pension scheme

Small businesses are to be given flexibility over the introduction of the government’s new compulsory workplace pension scheme.

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Changes recommended to boost defined contribution pensions

The Association of British Insurers (ABI) has produced a series of proposals aimed at improving the returns that employees receive from defined contribution pensions.

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