Pensions

Automatic pensions enrolment for small businesses is to be delayed a year, Pensions Minister Steve Webb said today.

The Government should consider introducing a "graduated" state pension to allow people to draw some cash before they retire, which could help encourage them to continue working for longer, a thinktank recommended today.

The Government today has delayed its planned increase in the state pension age, saying that thousands of women will benefit.

Pensioners could soon get a reduced income when buying a retirement cash stream, experts warn.

Consumers could soon stand more chance of getting a better deal when turning their pension into a regular cash stream.

The Government is to bring forward an increase in the state pension age to 67 under plans to prolong the working life of millions of people under 50, according to the pensions minister.

The number of people paying into personal pensions has dropped sharply in the wake of economic turbulence, official figures suggest today.