Savings

Savings to get better protection

Savers are soon to enjoy a higher level of protection should the bank, building society or credit union which holds their money go under.

UK suffers largest pension gap in Europe

The UK has the biggest annual pension savings shortfall of any country in Europe, new research has revealed.

Pension funds slip back into deficit

Final salary pension funds in the UK have dipped back into deficit, new figures have revealed.

Press ahead with pension reforms but simplify them, says CBI

The CBI has urged the government to continue with the planned schedule for introducing workplace pension reforms that will see all employees automatically enrolled in a retirement scheme.

Drop in bonus rates for SAYE schemes

HM Revenue and Customs (HMRC) has announced changes to the bonus rates paid on employee savings schemes.

Businesses should not have to administer pension reforms

Firms should not be expected to assume the role of administrator for the pension reforms that are set to be introduced in 2012, a leading business group has argued.

Pre-Budget Report to be 'dropped'

The government is likely to axe this year’s pre-Budget Report, according to press reports.

New pension tax relief plans receive qualified support

Government plans to simplify pensions tax relief have won qualified backing from the Chartered Institute of Taxation (CIOT).

Employers may cut benefits to accommodate auto-enrolment

Employers could reduce the benefits available in workplace pension schemes as a result of plans to introduce auto-enrolment for all workers.

Employers give backing to pension changes

A small majority of employers say they support plans to introduce the automatic enrolment of employees into a workplace pension scheme.

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