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Related Special Reports
...Thousands of members of the pension plan of collapsed retailer Debenhams are to have their retirement benefits restored under a groundbreaking deal for the UK’s nascent “superfund” market....
...Labour plans to immediately ban MPs from pursuing most second jobs if it wins the next UK election but would allow them to continue giving paid speeches and doing broadcast work on a “case by case basis”...
...The Department for Work and Pensions estimates that there are now around 20mn deferred pension pots worth under £10,000, and 12mn of these are worth less than £1,000....
...The Department for Work and Pensions said: “Our new regulations promote better — and clearer — funding standards, while retaining the benefits of a flexible, scheme-specific approach.”...
...for Work and Pension’s maladministration....
...by the Department for Work and Pensions....
...“The Department for Work and Pensions has a vast amount of work on its to-do list already,” said Tom McPhail, director of public affairs with the Lang Cat, a corporate consultancy....
...Professor Photis Lysandrou Department of International PoliticsCity, University of London, London EC1, UK...
...Lord Douglas-MillerMinister for Biosecurity, Animal Health and Welfare, Department for Environment, Food and Rural Affairs, London SW1, UK...
...There are many examples of appalling exploitation and harassment — like that of the 59-year-old trainee at the Department of Work and Pensions, who rightly claimed for racial and age abuse....
...Furthermore, the Department for Work and Pensions will extend the Pension Protection Fund’s mandate to become a public sector consolidator of schemes that are too small for cost-efficient buyouts....
...“We know that as we live for longer, we need to work for longer,” she said, adding, “we’ve got no plans to lower the state pension age.”...
...intervene and hold the Department of Work and Pensions to account,” said the report....
...Co-ordinating the objectives of the FCA, the Department for Work and Pensions and the Department for Education would be a good start....
...And for confident investors, it may be enough to have awareness of this risk and a plan for how to deal with it. However, not everyone entering drawdown is well informed....
...But UK business has been brisk: rising interest rates have transformed funding levels in defined benefit pension schemes and enabled companies to consider offloading future liabilities....
...“We are in a welcome position with DB pension schemes enjoying high levels of funding, and we want to make this money work harder for savers and the wider economy,” said Paul Maynard, minister for pensions...
...The ombudsman is a senior figure responsible for independently investigating complaints against UK government departments, other public organisations and the NHS in England....
...Iain Clacher, a professor at Leeds University Business School who gave evidence to the work and pensions committee, said the report “shows just how significant the impacts of the LDI crisis were”....
...for Work and Pensions figures on Thursday....
...What’s also certain is that tweaking pensions policy means more work for financial advisers and pension schemes — putting into place complex transitional arrangements as the rules changes take time and incur...
...You’re looking after your pensions and trying to find the best possible opportunity for them.”...
...Almost 4mn people in the UK, or more than one in eight employees, work on some form of flexible contract that could be viewed as “precarious”, the think-tank noted....
...Funds such as the Pension Protection Fund, the UK’s £32bn-in-assets retirement scheme lifeboat, and Border to Coast Pensions Partnership, a £60bn local authority pool, are among those looking for bargains...
...Pension funds are the answer to the UK’s economic stagnation — so say ministers, policy experts and just about everyone else....
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