Some info on private pensions

Information from the government website giving advice about private pensions.

http://www.direct.gov.uk/en/Pensionsandretirementplanning/Companyandpersonalpensions/PersonalPensions/DG_4017726

Raising the pension age

The government is to speed up plans to raise the state pension age for men to 66, possibly by as early as 2016. Ministers will also raise the option of extending it further, perhaps to 70 and beyond in the following decades.

http://news.bbc.co.uk/1/hi/politics/10398918.stm

Suggestions for solving the pension crisis

Forcing people to save for their old age would help solve the pensions crisis, a survey of financial advisers showed.
Other ideas include teaching about finance in school, and having greater incentives to save, such as tax breaks.

http://news.bbc.co.uk/player/nol/newsid_4580000/newsid_4581700/4581763.stm?bw=bb&mp=wm&news=1&nol_storyid=4581763&bbcws=1

Some firms are changing their policy on older workers and letting them retire later.
Policymakers say companies need to employ more people over 60 if a pension crisis is to be avoided.

http://news.bbc.co.uk/player/nol/newsid_4460000/newsid_4466600/4466680.stm?bw=bb&mp=rm&news=1&nol_storyid=4466680&bbcws=1

The British government plan to gradually raise the retirement age to 68. Under the plan, the retirement age will be raised from 65 to 66 in 2024; to 67 in 2034 and 68 in 2044.

http://www.cbc.ca/world/story/2006/05/25/uk-pension.html

Final salary pension schemes

http://news.bbc.co.uk/1/hi/business/3197909.stm

How bad is the UK pension crisis?

http://news.bbc.co.uk/1/hi/business/2082800.stm

The governments plans for updating the pension system

http://news.bbc.co.uk/1/hi/business/5015426.stm

How the state pension works

http://news.bbc.co.uk/1/hi/business/3197943.stm

2/3 of 'baby boomers' want to work after 65

Nearly two thirds of people from the baby boomer generation and above want to continue working past retirement age.
http://www.bbc.co.uk/mediaselector/check/player/nol/newsid_5020000/newsid_5028700?redirect=5028732.stm&news=1&nbwm=1&nbram=1&bbwm=1&bbram=1&asb=1

Warning over EU pensions timebomb

The European Union has warned six members that they are at "high risk" of being hit by the demographic timebomb.
http://news.bbc.co.uk/1/hi/world/europe/6044856.stm