People nearing retirement are under-estimating how long they will live and are either overly optimistic or have no idea how much the retirement income will be, according to research published by the Institute for Fiscal Studies today.
Business leaders have warned Chancellor George Osborne that any cut to pension tax relief for higher earners in next weeks Autumn Statement would be an income tax, not a wealth tax.
The Commons environment, food and rural affairs committee has called for clear answers from the government about how it plans to ensure properties at risk of flooding can secure insurance in the future.
A code of conduct that aims to enable employers to choose the best pension for their staff by encouraging pension providers to clearly disclose the charges and investment costs associated with their schemes has been launched today.
Low levels of insurance take-up in fast developing economies mean governments are being left over-exposed to the cost of natural catastrophes, Lloyd's of London said today.
More than two thirds of people plan to remain in a workplace pension scheme once they are automatically enrolled into it, according to research published by the Department for Work and Pensions yesterday.
Talks aimed between government and the insurance industry which aim to ensure homeowners at high-risk of flooding can receive affordable cover have reached an impasse, the Association of British Insurers claimed today.
Companies are coming under increasing pressure to pay more into their pension schemes rather than rely on investment returns to meet their obligations to members, PricewaterhouseCoopers said today.
The Institute and Faculty of Actuaries is committed to ensuring the governments goal of high quality pension provision becomes a reality, immediate past president Jane Curtis said yesterday.
