There are ‘ominous’ signals over pensions tax relief that a ‘bloody nose’ is still to come despite the Chancellor’s silence on the subject yesterday, industry figures have warned.
Research has found that nearly half of UK employers are concerned about older workers deferring retirement due to inadequate retirement savings.
Flat-rate pension tax-relief proposals are no ‘silver bullet’, the managing director of a retirement practice has warned its supporters.
Many defined benefit pension schemes with actuarial valuations this Spring will find that their plans to repair deficits have been blown off course, an expert has warned.
The Pension Protection Fund aims to raise £635 million through levies in 2015/16, down from the £695 million it envisages collecting this year.
Total assets of the world's largest 300 pension funds grew by over 6% in 2013 to reach a new high of almost US$15 trillion, freshly released figures showed today.
Towers Watson has appointed Peter Rowles as head of its Retirement Practice for the UK and Ireland. Mr Rowles will succeed John Ball who was appointed Europe, Middle East and Africa (EMEA) head of Retirement Solutions in June this year.
The total UK 'at retirement' market has been forecast to more than triple in size in the next 10 years, with annuity sales still high despite taking a hit in 2014.
A study into the bulk annuity market has shown there were fewer big hitters in the UK last year but researchers predict more firms will enter.
The State Pension Pension age will reach 70 by 2063 but will rise more slowly than the Government's Autumn Statement last week suggested, according to analysis by Towers Watson.
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