Automatic work place pension scheme working better than expected

Retirement planA new study conducted by Towers Watson, a firm of pension consultants, has revealed that 90% of employees are continuing their membership after being enrolled automatically in a work place pension scheme. Over the past few years, concern has been mounting that workers are generally not saving enough for retirement. This led to the introduction of the Auto Enrolment, starting in October last year, which now means employers must automatically enrol employees into a work place pension. Retirement experts had been concerned ...

Retirement: Why Greece could prove another slippery slope for your pensions

For many of us the Bank Holiday weekend was a chance to relax, take things easy and consider how best to amuse ourselves in this great British weather of ours. But for voters in Greece and France it was an opportunity to elect a change of government, one which for people in the UK planning on retiring soon, could have significant implications. So how do the decisions of Greek and French voters, to elect anti austerity parties, affect your pension if your are planning to retire soon we hear you ask. Volatile stock market...

Lessons learnt from the latest financial crisis

August is usually quiet on the world’s stock markets, not this year! The graph to the left shows just how volatile the FTSE 100 has been in the past month or so. So, as savers and investors, what has the last few weeks taught us? We thought we would take a rather tongue in cheek look at some lessons learned. 1. The financial crisis is not over The days of the credit crunch and the official recession seem a long way away, but their effects can still be felt everywhere we look. Interest rates are at all time lows and inflation is rising, forcing people to ...