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Wednesday 13th of January 2010

News Tag: Personal Accounts

January 8, 2010

New pension scheme set to be called NEST

by Kay Murchie
New pension scheme set to be called NEST
The Personal Accounts pension scheme, which is aimed at encouraging low to middle income workers to save for their retirement, is to be re-branded as the National Employment Savings Trust (NEST). NEST will be one option open to employers who will have to enrol workers into a workplace scheme. Employees will be enrolled automatically in the scheme unless they opt out, ...



August 26, 2009

More than a third forced to delay retirement

by Kay Murchie
More than a third forced to delay retirement
A survey by pension advisers MGM Advantage has revealed that around 35% of people over 55 who are still working said they would put off plans to retire. Meanwhile, a further 23% of people in this age group are expecting to work past the state pension age of 65, while a third (32%) confessed to not being prepared for retirement. However, ...



June 21, 2009

Comfortable retirement means working until age of 77

by Kay Murchie
Comfortable retirement means working until age of 77
New research has unveiled that in order to live a comfortable retirement, Britons may find themselves working until they are 77 years of age. According to fund management group, Fidelity International, those depending on company pensions, linked to stock market growth, will need to top up their pension considerably if they wish to retire at the traditional age of 65. The ...



March 31, 2009

Start saving for retirement now, consumers told

by David Masters
Start saving for retirement now, consumers told
Brits without a pension are being advised to set one up now rather than wait until the recession has passed. Pensions specialist Fidelity International warned that people who wait until 2012 to start their pension could be throwing away as much as £175,000. Julian Webb, pensions expert at Fidelity International, said: "At the moment people are focusing on reducing debts, which is ...