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Pensions

Posted Fri, 12/03/2010 - 17:46

Public sector pension schemes are growing

Public sector pension schemes are growing

Friday 12th March 2010

It has been revealed that the U.K.'s four largest public sector pension schemes saw a 56% increase in employee contributions between 1999/2000 and 2008/09. While this would appear to be a good move on behalf of taxpayers, in reality the vast ... Full Story>>

Posted Thu, 11/03/2010 - 17:13

Pension Protection Fund changes investment criteria

Pension Protection Fund changes investment criteria

Thursday 11th March 2010

The Pension Protection Fund (PPF), the safety net for the UK pension fund members, has today announced plans to widen its investment criteria to take in new areas of investment. Currently the PPF has a portfolio of around £4 billion which is ... Full Story>>

Posted Mon, 08/03/2010 - 17:35

Is it ever too soon to sort out your pension?

Is it ever too soon to sort out your pension?

Monday 8th March 2010

A report this week has confirmed that the UK pensions industry is in turmoil with more than 66% of the UK population concerned about their pension fund arrangements and their retirement years. As a consequence many people are asking themselves ... Full Story>>

Posted Mon, 08/03/2010 - 17:30

Are you happy with your pension arrangements?

Are you happy with your pension arrangements?

Monday 8th March 2010

If there is one sector of the financial industry which has suffered more than most over the last 10 years it has to be pensions. We have seen the demise, and almost extinction, of the final salary pension scheme in the private sector and ... Full Story>>

Posted Thu, 04/03/2010 - 17:37

The ticking time-bomb that is public sector pensions

The ticking time-bomb that is public sector pensions

Thursday 4th March 2010

The Taxpayers Alliance (TPA) has today issued a damning report on public sector pension schemes in the UK with local government pension funding estimated to have a shortfall of around £53 billion. The figure for the 2008/09 tax year sees more ... Full Story>>

Posted Tue, 02/03/2010 - 17:42

British Telecom under attack over pension funding strategy

British Telecom under attack over pension funding strategy

Tuesday 2nd March 2010

British Telecom (BT) has today come under attack after a number of UK competitors stepped forward to make public their concerns about the proposed 4% increase in wholesale telecom prices. Despite the fact that the UK telecoms market has never ... Full Story>>

Posted Thu, 25/02/2010 - 21:50

Is it fair to change the retirement age for those in employment?

Is it fair to change the retirement age for those in employment?

Thursday 25th February 2010

A report by PwC has recommended that the UK government increase the state pension age to 70 from the current level of 65 for men and 60 for women. However, those who are currently in employment and have paid their taxes since day one are ... Full Story>>

Posted Thu, 25/02/2010 - 16:18

Public sector pension funds need to be reformed

Public sector pension funds need to be reformed

Thursday 25th February 2010

The chairman of the London Pension Funds Authority, the largest council pension fund in the UK, has today joined calls for the next government to introduce a wide ranging review of public sector pensions. This comes just ahead of next month's ... Full Story>>

Posted Thu, 25/02/2010 - 16:17

PwC advises pension age should be increased to 70

PwC advises pension age should be increased to 70

Thursday 25th February 2010

A report on the UK pension sector by PwC has advised the UK government to increase the state pension age to 70 years by 2046. This goes further than the UK government's current plans which will see the pension age in the UK increased to 68 by ... Full Story>>

Posted Mon, 22/02/2010 - 17:12

Deutsche bank strikes deal with BMW UK pension scheme

Deutsche bank strikes deal with BMW UK pension scheme

Monday 22nd February 2010

In what many believe will become a major sector in the pensions industry Deutsche bank has announced a deal to take on the longevity risks of nearly £3 billion connected to the BMW UK scheme. This is the largest deal of its kind to date and ... Full Story>>