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Savings

Pension funds deeper in deficit

The financial shortfall for pension funds worsened in June, according to official figures.

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Review could signal end of compulsory retirement age

The government’s announcement that it is to bring forward a planned review of the default retirement age could mean that employers may lose the right to force staff to retire at 65.

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Pension contribution tax relief plans to be amended

A measure limiting how much tax relief people can claim on their pension contributions has been changed by the government.

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Savers begin to reap rewards of higher rates

After months of low returns on their money, savers are starting to see an upturn in their fortunes.

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Scrap right to enforce retirement at 65, says Committee

Employers should lose the entitlement to force employees to retire at 65, the House of Commons Work and Pensions Select Committee has argued.

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Pension schemes under threat

Final salary pension schemes in the private sector may cease to be a feature of the pensions landscape in the future.

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Pension taxes for high earners may affect broader savings

Planned changes to the way the pensions of higher earners are taxed could have a far-reaching impact on retirement savings in general, the House of Lords Economic Affairs Committee has said.

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Pension savers let millions in tax relief go begging

People who save for their retirements through company pension schemes could be missing out on millions of pounds in tax relief, a new study has claimed.

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New pension rules could adversely affect temporary employment

The government has been advised to give serious consideration to the impact that new pension rules may have on temporary workers, employers and the flexibility of the labour market.

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Interest rate fall to hit short-term fixed-rate bonds

Savers who have been enjoying generous fixed-rate bonds could soon be facing big reductions in the level of their returns.

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