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Tuesday 23rd June 2009
Pensions nightmare awaits millions in UK A series of authoritative reports in UK have cast serious doubts on the potential for the UK pensions sector to deliver in the future. It was also revealed that the gap between private sector... |
Sunday 21st June 2009
Have we seen the end of the final salary pension scheme? Over the last few weeks there has been significant change in the final salary pension scheme sector with more and more companies looking to close these lucrative schemes and transfer to money... |
Friday 19th June 2009
Is the UK pension system fatally flawed? The UK pension sector has received a significant blow today with a suggestion by leading actuaries in the UK that their life expectancy figures could be fatally flawed. The current system is based... |
Thursday 18th June 2009
Is Sir Fred set to give back part of his pension? He may be holed up in a private estate on the French Riviera but rumours circulating in the financial markets suggest that Sir Fred Goodwin is in negotiations, via his lawyers, to give back half of... |
Wednesday 10th June 2009
HSBC chief highlights the problem of retirement poverty Stephen Green, the chairman of HSBC, has today stepped forward to suggest that the UK pension industry is on the edge of a precipice. He has highlighted the "perfect storm" which has seen... |
Monday 8th June 2009
Who will bail out the UK pensioners of the future? As the UK pension market continues to crumble, with more and more final salary schemes biting the dust, there are serious concerns about future pensioners in the UK. For many years workers have had... |
Monday 8th June 2009
Massive growth in public sector pension millionaires A Freedom of Information Act request has revealed a phenomenal rise in the number of "public sector pension millionaires" over the last few years. Based upon the fact that a £33,000 a year... |
Saturday 6th June 2009
New pensions secretary is a part of the family Gordon Brown yesterday appointed Yvette Cooper as the new Secretary of State for Work and Pensions, replacing James Purnell who resigned from the Cabinet just days ago. Yvette Cooper is the wife of... |
Friday 5th June 2009
William Morrison dumps final salary pension scheme As Barclays bank moves towards a significant change in its final salary pension scheme, supermarket chain William Morrison has today followed suit suggesting that future benefits for its 10,000... |
Friday 5th June 2009
Have we seen the death of final salary pension schemes? With news that British Telecom and Barclays bank are looking to close their final salary pension schemes and replace them with alternative arrangements, there is serious concern that the final... |
Thursday 4th June 2009
Calls for disgraced MPs pensions to be reduced As we have covered on a number of occasions, the MPs expenses scandal has caught the attention of the UK public and ultimately led to the demise of a number of key figures in the UK government and... |
Wednesday 3rd June 2009
Why have final salary pension schemes fared so badly? News that Barclays bank is introducing a significant re-organisation of its pension liabilities has in the eyes of many sounded the death knell for final salary pension schemes. These are schemes... |
Wednesday 3rd June 2009
Aegon withdraws guaranteed pension plan In a fresh blow for the UK pension industry Aegon has been forced to withdraw its flagship 5 for Life Variable Annuity which guaranteed a minimum 5% annuity rate on pension arrangements. The plan... |
Wednesday 3rd June 2009
Barclays bank deals final salary pension schemes a killer blow News that Barclays bank is not only closing its final salary pension scheme but also transferring assets into a cheaper scheme which will reduce future liabilities has received widespread criticism... |
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