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Money Box Live: Pensions

Pension section of personal file
BBC Radio 4's Money Box Live
Wednesday, 15 December 2010 at 1502 GMT on Radio 4 and Online

The rules about how we build up our pension funds and when and how we are allowed access to them is changing.

Minister for Pensions Steve Webb has announced that the basic state pension will increase to £102.15 in April.

But you may receive your state pension later than expected since October's Spending Review brought forward the rise in the state pension age to 66 for men and women by 2020.

Steve Webb also moved away from forcing company pension schemes to use the Consumer Prices Index rather than the Retail Prices Index to uprate pensions.

The rules about purchasing annuities are also changing and next year will see the introduction of auto-enrolment into workplace pensions or NEST (the National Employment Savings Trust).

When will you receive your state pension?

Are you entitled to pension credit?

Perhaps you have a question about NEST (the National Employment Savings Trust)

What are the new rules about annuities?

How much can you save into a personal pension?

Vincent Duggleby was joined by:

• Stuart Bayliss, company director, Annuity Exchange

• Malcolm McLean, pensions consultant, Barnett Waddingham

• Tom McPhail, head of pensions research, Hargreaves Lansdown

Presenter: Vincent Duggleby
Producers: Lesley McAlpine

External internet links
10 Dec 10 |  Moneybox
More pension flexibility planned
09 Dec 10 |  Business
Pension shift will not be forced
09 Dec 10 |  Business
Young women facing a poor old age
08 Dec 10 |  Business
Pension incomes 'are hit by fees'
06 Dec 10 |  Business
Pensions tax relief: latest changes
15 Nov 10 |  Business
More pension questions answered
21 Dec 10 |  Business
State pension questions answered
08 Nov 10 |  Business
Q&A: National Employment Savings Trust
27 Oct 10 |  Business
State pension: The overhaul and you
03 Apr 13 |  Business

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