Staff barred from Final Salary Pension Schemes

Monday, 20 February 2012 10:43 Written by traceyevans 0 Comments

The number of businesses that have closed their final salary pension to all of their staff has jumped by a third, the National Association of Pension Funds (NAPF) has revealed in its latest annual survey.

FSA to raise consumer awareness of deposit protection

Friday, 10 February 2012 12:32 Written by traceyevans 0 Comments

The Financial Services Authority (FSA) is making it obligatory for all banks, building societies and credit unions in the UK to prominently display, in every branch and on every website, how much compensation savers could claim in the event of an institution failing. This is part of a continuing effort by the FSA and the Financial Services Compensation Scheme (FSCS) to improve confidence around compensation by increasing awareness of deposit protection.

Pension Undersaving

Wednesday, 01 February 2012 12:29 Written by derekevans 0 Comments

Pension saving is at its lowest level for 10 years according to recently published Department of Work and Pensions (DWP) analysis by the Family Resources Survey (FRS), a key source for pension information. The analysis came from interviews with around 25,000 private households across the UK in 2009 and 2010.