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...Life expectancy at retirement now is two years shorter than it was when they did the last review.”...
Forecasts could cut liabilities of private sector defined benefit schemes, industry figures say
...Additional reporting by Josephine Cumbo...
...“This shorter window will help address the issues raised by stakeholders whilst also being fair for pension savers.”...
...Reporting by Emma Agyemang, Josephine Cumbo, Joshua Oliver, James Pickford and Stefan Wagstyl...
...She wrote and performed Josephine and I, a one-woman show about the dancer turned civil rights activist Josephine Baker, whom she had admired since childhood....
...“We are advocating for a balance between the shorter-term needs of plan sponsors with the longer-term goal of supporting retirement for millions of people.”...
...“If you look at that (revised) funding code, scheme recovery plans were going to have to be a lot shorter. Does that make sense in the world that we are now moving into?”...
...pushing for Sir Philip and his Monaco-based wife Tina — the legal owner of the business — to stump up significantly more than the £100m in cash they have pledged, and for the payments to be made over a shorter...
...On the whole, first-time buyers are highly price sensitive, preferring the cheaper rates of shorter term fixes, says Ray Boulger, product technical director at mortgage broker John Charcol....
...The Association of British Insurers, the trade body for pension providers, said the LV=/BIT research would “feed into our ongoing efforts to make retirement communications shorter, simpler and more consistent...
...If you live shorter than they expect, then they are going to gain.”...
...Separately, the select committees published evidence that suggested Carillion could have afforded to “significantly increase” its pension contributions over a much shorter payment period....
...Where pension schemes are flexible on using ‘scheme pays’ to settle a tax charge, they will have much shorter timescales than where members have a right to such an arrangement....
...“Because national insurance is such a significant proportion of salary, it seems socially inequitable to lock out those people who we know have shorter life expectancy by continually raising the state pension...
...The data illustrate the challenge facing governments around the world in funding cradle-to-grave welfare states that were created when most people lived much shorter lives....
...But there are concerns this system disadvantages those with shorter-than-average life expectancies, and an interim report published on Thursday raised the prospect of flexible access to the state pension...
...The study focused on information about enhanced annuities, which pay a higher income to those who are in poorer health and who have shorter-than-average life expectancy....
...Before the Monetary Policy Committee made its announcements last week, several commentators suggested that focusing new gilt purchases on shorter-maturity government bonds could be beneficial....
...But there are concerns this system disadvantages those with shorter life expectancies, and an interim report published on Thursday raised the prospect of flexible access to the state pension....
...Reporting by Josephine Cumbo, James Pickford, Naomi Rovnick and Aime Williams...
...home, there is a choice to be made between the Lisa and the Help-to-Buy Isa, though the latter will close to new savers in November 2019 and will only be open to new contributions until 2029, making it a shorter-term...
...Those in poorer health, or who smoke, for example, may not get enough uplift on their state pension income to reflect the fact their life expectancy may be shorter than average....
...She said that people needed to be motivated to save for both the shorter term and the longer term. “It’s important to ensure money is kept in pensions for longer....
...“This processing time will be shorter, however, if the funds are held in a cash account.”...
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