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...Mick McAteer, co-founder of the Financial Inclusion Centre think-tank and a former FCA board member, said the stress-test plan was “very welcome”....
...There will be pressure for longer-term cost savings and challenges to integrate a business that is itself a product of consolidation....
...Millions of Americans are at risk of running out of savings in retirement,” said Catherine Collinson, president of the non-profit Transamerica Center for Retirement Studies....
...In his Budget, Hunt confirmed new measures that require local authority pension funds and private sector retirement plans to disclose their UK investments....
...These are part of chancellor Jeremy Hunt’s efforts to stimulate the economy by unlocking billions of pounds of retirement savings to invest domestically....
...The rise of defined contribution pension plans combined with the growing strain on the social security government retirement programme had left the US particularly unprepared for a huge increase in the retiree...
...plans or retirement account agreements, Pimco said in the filing....
...The chart shows that the number of people actively saving into an occupational pension is fairly steady. But the number of deferred pots is escalating by about 2mn a year....
...savings of individuals in their pensions schemes,” said Faye Jarvis, pensions partner at the law firm Macfarlanes....
...But there are reasons to doubt it, from shifts in the balance of savings and investment to higher levels of government debt....
...“That’s when the relaxation of the banker bonus cap will show if the good times are well and truly back.”...
...A new form of individual savings account may also help channel more investment into UK equities....
...millions of Britons to the world of investment and saving....
...The carrier, which posted a first-quarter net loss of $231mn, announced a series of cost-saving measures, dropping service to four US airports and cutting headcount by 2,000 employees by the end of the year...
...Adequacy challenge Few would dispute the need for Britain to act on its retirement savings crisis....
...This is currently 55 but there are plans to raise it to 57 over the next five years — and it may be even higher by the time your children consider retirement....
...Now, less than a year from a general election and a few weeks from the end of the tax year, there’s a pressing question for wealthier pension savers of retirement age....
...on other forms of income including from savings and rents....
...In 2011, encouraged by a work colleague and a registered financial adviser, Cornford, then an insurance broker, moved his £96,000 retirement savings pot....
...But Nationwide isn’t really stumping up much to become the UK’s number two retail bank in terms of mortgages and savings. The offer pegs the bank at a valuation of about 0.6 times tangible book value....
...The remaining 75 per cent of the pot can then be moved to a drawdown plan, used to buy an annuity or taken as cash....
...Will my business succession plan be followed? I own a successful business in the City and I’m approaching retirement age....
...Instead, the employer chooses a retirement plan on behalf of the workforce....
...The pension fund looking after the retirement savings of Britain’s MPs and ministers has given the cold shoulder to UK companies, in spite of efforts by chancellor Jeremy Hunt to funnel more cash into domestic...
...Unlike traditional “defined benefit” pension plans, where retirement income is guaranteed, newer “defined contribution” plans provide no certainty over eventual retirement income, with outcomes largely dependent...
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