The Government plans to lift restrictions on final salary pension fund surpluses to free up cash for investment and promote economic growth. Employers and trustees of well-funded schemes will be ...

If people knew or cared enough about pensions to know what they really wanted, they would want final-salary pensions. They'd want to know that, after working for 35 years or so, they could retire ...

If done well, new pension reforms that aim to redistribute the extra money trapped in final-salary pension schemes could prove a win-win for both companies and pensioners. The government has quite a ...

Fewer than one in five companies now offer a final salary pension scheme to new staff, it was revealed today. Only 19% of employers will let new staff join their final salary schemes, research ...

Let’s take somebody with an earnings figure of £50,000, whether that’s their final salary or their career average – after 40 years and an accrual rate of 1/60 th they would retire with an ...

But what about pensions? Are they still worthwhile? A few years ago, the final salary pension was a mainstay of the British workplace. And that certainly was worthwhile. Millions of workers knew ...

The Oxford Risk study found there was a high level of worry among pension savers, even though a third of those surveyed had a final salary pension. Final salary or defined benefit pensions provide ...

Instead of calculating pensions based on the final salary, pensions will now be based on the average salary of the last two years of service. Additionally, the new rules include the ...

A notification issued on Wednesday stated that pension will now be calculated based on the average salary of the last 24 months, rather than the final salary. Additionally, employees will no ...