P166 Teletext 166 Nov27 21:28:01 ——————————————————————————————————————— (est for pensions reform The Government has been challenged to pass a range of tests to ensure its planned low-cost pension scheme will tackle Britain's savings shortfall. The forthcoming Pensions Bill and White Paper will outline moves to introduce Personal Accounts, whereby all full- time workers will automatically save towards their retirement. But the Association of British Insurers fears the reform could fall flat. ——————————————————————————————————1/10— SPE IAL Shave pounds off car cover 549 Endowment shortfall? S E p374 www.endowmentfighters.co.uk Pension special Pets Fin Business NextP166 Teletext 166 Nov27 21:40:04 ——————————————————————————————————————— (est for pensions reform The Association of British Insurers has said the Pensions Bill and White Paper present "an opportunity to redraw state provision and private saving". Art the Government must prove Personal Accounts, through which staff will be auto-enrolled, will produce more savers and boost saving levels, it said. The industry body also asked for details about how companies will compete to provide Personal Accounts. ——————————————————————————————————2/10— Are you a Premium Bond winner? 544 CLEAR YOUR DEBTS SEE p373 Pension special Pets Fin Business NextP166 Teletext 166 Nov27 21:41:27 ——————————————————————————————————————— (est for pensions reform The Association of British Insurers has said it supports the Government's plans for Personal Accounts. Art the industry group is sceptical that the scheme can be administered efficiently by the state. ——————————————————————————————————————— Personal finance headlines 530 NEWS RACING WEATHER SPORTS BETTING HOLIDAYS GAMES ENEMA LISTINGS 3/10 TELETEXT ON THE MOVE - JUST (EXT (ELETEXT TO 84300 FORAFR E LINK Pension special Pets Fin Business NextP166 Teletext 166 Nov27 22:10:10 ——————————————————————————————————————— (est for pensions reform The body tasked with providing pension saving under Personal Accounts must be given top resources and be independent, an insurance industry group has said. The Association of British Insurers also fears that the implementation date of 2012 will blight pension planning in the interim period. The ABE said it is vital people do not cut pension saving in advance of Personal Accounts being introduced. ——————————————————————————————————4/10— Are you a Premium Bond winner? 544 Respond by text now cheaper & easier! Matche5 Dating see p391 Pension special Pets Fin Business NextP166 $eletext 166 Nov27 22:18:12 ——————————————————————————————————————— (est for pensions reform Association of British Insurers chairman Keith Satchel said uncertainty over pension reform would make it harder for people to plan. He said: "Personal Accounts must pass a number of tests if they are to be effective, while ensuring the existing private pensions market can prosper. "The boundaries between Personal Accounts, the benefits system and the existing market must be defined." ——————————————————————————————————5/10— SPE IAL Shave pounds off car cover 549 A Home Entertainment Package to be won in today's Evening Standard Pension special Pets Fin Business NextP166 Teletext 166 Nov27 22:13:55 ——————————————————————————————————————— (est for pensions reform Under the Government's National Pensions Savings Scheme, full-time workers will automatically be provided with a Personal Account. Employers will be required to pay a minimum of 3% of a worker's salary into it, and staff must provide 5%. Some groups have raised fears the minimum contributions are too low and fear companies will scrap existing schemes which are more generous. ——————————————————————————————————6/10— Are you a Premium Bond winner? 544 Pension special Pets Fin Business NextP166 Teletext 166 Nov27 22:01:12 ——————————————————————————————————————— (est for pensions reform According to research by Deloitte, less than a quarter (23%) of employers are likely to retain current pension rates for all workers after reform in 2012. Around two thirds are expected to retain current contributions for existing staff, but bring contributions for new staff into line with the Government's Personal Accounts. Such a trend would improve pension access but may cut amounts saved. ——————————————————————————————————7/10— Personal finance headlines 530 Pension special Pets Fin Business NextP166 Teletext 166 Nov27 22:13:15 ——————————————— —————————————————— NEW DIGITAL FINANCE FEATURES! $eletext has launched an expanded digital finance section featuring brand new and exclusive content. Digital viewers can now check out the prices of selected international shares traded in London, FUSE 100 shares listed by sector and top FUSE risers and fallers. Plus you get all the usual content, including real-time shares. If you have Freeview or Sky, just turn to ITV, press the (EXT button and go to p850 to see our full finance secti8/10 ——————————————————————————————————————— GO DIGITAL WITH TELETEXT! p104 Pension special Pets Fin Business NextP166 Teletext 166 Nov27 22:08:48 ——————————————————————————————————————— (est for pensions reform A second White Paper is expected from the Government in early December, outlining plans for its reform of the pensions system in 2012. The Department for Work and Pensions aims to introduce low-cost savings accounts which can be transferred when a person switches jobs. It says people are not saving enough to provide for a comfortable retirement and savings rates have fallen. ——————————————————————————————————9/10— Are you a Premium Bond winner? 544 Pension special Pets in Business NextP166 Teletext 166 Nov27 22:23:18 ——————————————————————————————— NEED ADVICE? WRITE TO ADVICE CLINIC (eletext's experts on investment, tax, pensions and property can help YOU! Send queries marked Advice Clinic to: Text 07624 809882 E-mail adviceclinic@teletext.co.uk Post (eletext Finance, Operations Centre, Bridgegate, Howden, DN14 7AE. Include your name, age and address. Answers will be updated weekly on air. We cannot answer all queries received. Information given is for guidance only. ——————————————————————————————————10/10 Need advice? Go to Advice Clinic 169 GO DIGITAL WITH TELETEXT! p104 Pension special Pets Fin Business Next