Tags: Pensions

The charging structure for the new National Employment Savings Trust (NEST) pensions, announced by the Government this week, strikes ‘exactly the right balance’, says the TUC. TUC General Secretary Brendan Barber said: ‘Today is an important milestone on the road to the new pensions settlement due to start in 2012. The supplier contract has been signed…

The overwhelming majority of UK employers believe they have a paternalistic duty to provide their staff with a decent pension, but are adamant that compulsion in the work place is the only way to avoid a meltdown in UK pension provision, according to a survey conducted by national pension adviser AWD Chase de Vere Consulting.…

PADA, the Personal Accounts Delivery Authority, has announced that National Employment Savings Trust (NEST) will be the permanent name of the new national workplace pension scheme formerly known as the personal accounts scheme. NEST will be a national workplace pension scheme designed specifically for low-to-moderate earners. It is being set up as part of the Government’s…

Defined benefit pensions in the public sector are worth more as a share of the total remuneration package than they are in the private sector. Research by Professor Richard Disney, Carl Emmerson and Gemma Tetlow, published in the latest Economic Journal, reveals the key drivers of this public sector pension advantage: longer job tenures; the…