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...did its first transaction last year with a corporate pension plan that was not in the protection fund....
...of EnnisKnupp, a consultancy that works with pension plans....
...Our plan is that workplace pensions would be attached to a worker and go with them when they change job....
...The head of the UK’s National Infrastructure Commission has said he does not believe the government should tell pension schemes where to invest their members’ money....
...No regulated advice or guidance (which is free from the government-backed Pension Wise service) was sought for 37 per cent of income drawdown plans taken out in the 2022-23 tax year....
...In a critical report, the National Audit Office on Wednesday said infant care could be compromised by a substantial “influx of more inexperienced staff”, as well as changes in supervision ratios for two-year-olds...
...There are always a lot of different interests to manage at the top of a pension plan, but the psychodrama between the board, plan members, the investment staff, the media, and local, regional and national...
...“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.”...
...For decades the plans — which promise guaranteed pensions calculated on salary and length of service — formed the bedrock of British workplace pension provision....
...In his Budget, Hunt confirmed new measures that require local authority pension funds and private sector retirement plans to disclose their UK investments....
...The $38tn US retirement system is one of the world’s largest, and US employers were among the first to shift from defined benefit pensions to defined contribution plans....
...The California Public Employees’ Retirement System has named a former top executive at the New Zealand sovereign wealth fund to direct the largest US public pension plan’s investments following the abrupt...
...Today schemes like the Ontario Teachers’ Pension Plan rank among the largest and most sophisticated institutional investors in the world....
...That the US pension system is a complicated failure (“Move to solve ‘Rubik’s Cube’ of US pensions”, Report, April 1) is beyond dispute....
...As part of the reforms, the government gave further details about its plan announced in November to create a public pension consolidator by 2026, which could help channel billions of pounds of pooled pension...
...Analysis from The Pensions Regulator suggests that more than 3,750 of the UK’s defined benefit-style retirement plans have assets in excess of their liabilities or are in surplus. Read more here...
...Poorly performing pension plans will be banned from taking on new business as part of a major shake-up of Britain’s £120bn workplace retirement market, under government plans unveiled ahead of next week’...
...The plan is designed to alleviate pressure on a pension system that is expected to come under huge strain in the next few years as a whole generation of “baby-boomers” born in the 50s and 60s enters retirement...
...Topping up a pension plan is also a tax efficient way to induce departures....
...Employers are not obliged to pay into a pension plan chosen by their workers....
...Last year, chancellor Jeremy Hunt announced plans to relax the tax charge on surplus funds extracted by employers from company pension plans, with the changes to come into effect in April....
...pension plans, to disclose their equity allocations to the UK and overseas....
...He made the comments as he confirmed plans to introduce a new requirement on pension funds to disclose their allocations to the UK, and to ban poorly performing funds from taking on new business....
...Ian Cook, chartered financial planner at Quilter Cheviot, warns: “You could be artificially building perceived security in your plans, only to find that you face a significant tax bill later in life.”...
...News of the Polish arrest came hours after Bavarian police announced they detained two Russian-German nationals accused of being Russian secret agents and planning to bomb industrial and military sites in...
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