Pensions, savings and investments

Small businesses are to be given flexibility over the introduction of the government’s new compulsory workplace pension scheme.

The Association of British Insurers (ABI) has produced a series of proposals aimed at improving the returns that employees receive from defined contribution pensions.

Workplace pension schemes are in danger of failing to provide adequate retirement incomes, it has been claimed.

The new government-backed compulsory pension programme, due to come into effect in 2012, needs to take more account of temporary workers, it has been claimed.

The number of households that are using their money to pay down debts or to boost their savings is on the increase and could be having an adverse effect on the economic recovery.

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