pensions bill

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Government counts cost of pensions commitment
Ministers sink ‘pensions life boat’

Ministers have defeated a Conservative-led amendment to the pension bill, rejecting calls to guarantee more financial help to people whose occupational pension schemes have collapsed. The government defeated the cross-party amendment by 22 votes, after pensions minister James Purnell made concessions to expand the Financial Assistance Scheme (FSA). The FSA will now cover 8,000 more… Read more »

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New personal savings accounts launched
’10m to benefit’ from pension savings accounts

Ten million people could be automatically enrolled in a personal savings account by 2012, under new pension plans unveiled today. Anyone without a better occupational pension scheme would begin automatically contributing four per cent of their salary into their pension when they earned over £5,000, matched by three per cent from their employer and one… Read more »