Pensions Women facing pension trauma
By James Beal - 16/12/2011
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Campaigners criticise plans for pensioner funded care
Britain's biggest pensioner organisation, the National Pensioners Convention (NPC) has reacted angrily to the suggestion from health secretary Andrew Lansley that pensioners should be made to fund the care of other pensioners - rather than having the cost shared amongst society as a whole.
Undersaving Britain - Pensions saving is at its lowest for 10 years
Only 38% of working-age people - 11.6 million out of 30.4 million people - are saving into a private pension, the lowest level in the past ten years, new analysis by the Department for Work and Pensions showed today.
New measure of Pension poverty announced.
A new way of measuring older people’s quality of life will has been introduced by the Government today.
A 'material deprivation' indicator for pensioners will capture wider elements of everyday life many that people take for granted but are in fact key indications of older people's experiences.
Pensions Minister, Steve Webb said:
“Income is very important, which is why restoring the earnings link for the basic State Pension was one of the first things the Coalition did when it came to power. However, we want to be able to take a more rounded view. This new indicator raises important questions about how Government and wider third-sector organisations could go beyond the issue of income to help transform lives. This is early days, but we are piloting ways to help older people overcome social isolation.”
Commission report ’just the first step’ says CIPFA
The final report of Lord Hutton’s commission represents the first steps in the reform of public sector pensions but there remains a lot of work still to do according to CIPFA Pensions Panel chair, Bob Summers.
Lord Hutton’s plans increase likelihood of a pensioner poverty time bomb
Britain’s biggest pensioner organisation, the National Pensioners Convention (NPC) has criticised the final report from Lord Hutton’s Pension Commission claiming that it will increase the likelihood of pensioner poverty for future generations.
Two months left to 'buy back' National Insurance contributions
Around 70,000 people, mainly women, have two months left to boost their basic State Pension and get backdated payments under a 'special offer' scheme.
To qualify, individuals must reach State Pension age between 6 April 2008 and 5 April 2015; and already have at least 20 qualifying years, which can include full years of Home Responsibilities Protection.
Pension rises for 2011 announced
Pensioners and benefit recipients will get more help in 2011 as the Government announces that the Basic State Pension will increase by £4.50 to £102.15 in April while the majority of working age benefits will be increased by 3.1%.
Career mobility could lead to 'lost' retirement funds
Job-hopping and ‘portfolio careers’ could threaten future retirement security, as workers fail to keep track of their pensions, Aviva warns today.
"CPI decision is reducing occupational pensions but boosting shares"
The Government’s recent change in raising public sector pensions by the “lowest” index measure is likely to impact on millions of pensioners and workers. The Government’s argument is that it’s a better measure of inflation. But it might well provide a boost to share prices in the private sector, where the inflation measure is also being adopted.
New statistics "prove CPI is unfair for pensioners"
The General Secretary of the National Federation of Occupational Pensioners (NFOP) has said that newly-released statistics prove that the Government’s decision to change pension increases from the RPI to CPI is grossly unfair.
250,000 carers are missing out on pension protection
A quarter of a million people caring for an ill or disabled friend or relative could be missing out on a top up that protects their basic and second State Pensions in later life, says Pensions Minister Steve Webb.
Scottish Widows urge women over 50 to re-engage with pensions savings
As women over 50 have been hit hardest by the dip in pensions savings, Scottish Widows is calling on this group to re-engage with pensions savings to ensure they prepare adequately for retirement.
At an event this week to mark the launch of the sixth annual Scottish Widows Pensions Report and discuss the issue of “Pensions in a new Parliament”, Scottish Widows highlighted its core recommendations to tackle the nations pensions savings.
"Millions heading for an impoverished retirement"
Compelling evidence that millions of the UK’s over-50s population are headed for an impoverished retirement is today revealed in new research.
Aviva launches new online retirement income calculator
Aviva - the retirement specialist - has launched a new online retirement calculator for customers. Based on a simple, graphic interface it’s designed to make it easier for customers to understand the annuity options available to them and to work out how much income they may get from their pension fund.
