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More than 4 million fear they`ll be made redundant Consumers took on more mortgage debt in July Debts called in by parents Teenagers `scared of debt` Rising household costs could pressure people in debt Pensions debt may impact workers` retirement funds Welsh young adults `at highest risk of debt problems` Over 50s can`t afford to enjoy retirement because of debts Budget: tackling the nation`s debt Short-term debt: `no need for price control` The cost of clearing debt Education debt Tackling the national debt Number of mortgage deals on offer exceeds 3,000 Almost 5 million take on debt to pay household bills OECD: household debt more than 120% of disposable income Petrol price falls help people in debt Amount of mortgage debt taken on at lowest level in ten years Northern Ireland sees significant IVA rise Overdraft debt `becoming more expensive`

Pension replacement `to help avoid future debt problems`

15/01/2008

Money purchase schemes are set to replace pensions as the savings method most promoted to employees, a leading industry body has claimed.

With a decrease in the amount of final salary pension schemes, a number of potential replacements have been touted in a bid to stave off future debt problems, according to the Pensions Advisory Service (TPAS).

Defined contribution plans - also known as money purchase schemes - may be introduced to the majority of workplaces throughout the UK as employers tend to prefer such a scheme over final salary plans, Des Hamilton, technical director of TPAS, said

Mr Hamilton added: "Employers, almost universally, with the exception of the public sector, have made the decision that the future for them as an employer is having money purchase pension arrangements because that passes all the risk to the employees."

The government will introduce a new national pensions scheme in 2010, called the Personal Accounts scheme.

More than 4 million fear they`ll be made redundant 16/12/2010 - According to R3`s quarterly personal debt tracker, more than 4 Consumers took on more mortgage debt in July 26/08/2010 - Consumers took on £2bn more mortgage debt than they repaid Debts called in by parents 26/08/2010 - According to research, `the bank of Mum and Dad` is Teenagers `scared of debt` 19/08/2010 - Nearly two thirds of teenagers are `scared` of debt, according