Pensions & Benefits

When I first started as an IFA in 1973 the Government of the day were allegedly close to mandatory pensions. Their big plan was to make sure all employees, even in small businesses, could look forward to a second pension on top of State Pensions.

67% of small firm owners use their accountants for pension advice

From 2012 all firms - regardless of their size - must offer staff a pension scheme

From 2014 businesses will be required to auto-enrol employees into workplace pension schemes

The government’s decision to link pensions to the Consumer Price Index has been attacked by industry experts

The UK's retirment age of 65 may be scrapped by the new government

The collective deficit of the UK's private sector final-salary pension schemes rises to £42bn

Work and Pensions Secretary Iain Duncan Smith has indicated the government will raise the cliaming age for the state pension

The Financial Services Authority issue a warning to pension holders