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...Barrow’s appointment would create another vacancy at the heart of government that the current Conservative administration may seek to fill: the prime minister’s national security adviser....
...The update comes as fears grow over the financial stability of Thames Water, which is owned by private equity firms, pension funds and sovereign wealth funds....
...public-sector pension funds....
...Having fragmented pensions increases the chance of losing track of them, can lead to them being eroded by charges and makes it harder to rationalise how your pension savings are invested....
...“Kids [of today] are probably never ever going to see a state pension,” Caren Evans, national officer at Unite, told the TUC conference....
...It has also led to calls for reform of the rules on administrators’ fees....
...The Office for National Statistics’ National Life tables show that for those aged 65 between 2020 and 2022, men could expect to live another 18.3 years, and women another 20.8 years....
...The underperformance contributed to a 72 per cent funded ratio last year, compared with a national average of 78 per cent, according to Equable Institute, a New York-based think-tank....
...The government is also seeking to raise the minimum guaranteed pension paid out to poorer people, and replace the deeply unpopular private pension administrators with a public administrator....
...down would raise £2.7bn in the 2024-25 tax year, the Institute for Fiscal Studies said in a report on Thursday....
...Jagjit S ChadhaDirector, National Institute of Economic and Social Research, London SW1, UK...
...That the US pension system is a complicated failure (“Move to solve ‘Rubik’s Cube’ of US pensions”, Report, April 1) is beyond dispute....
...The median Gen X household has just $40,000 saved for retirement, and 40 per cent of all 401k accounts have a zero balance, according to the National Institute on Retirement Security....
...Hundreds of unsecured creditors including consulting firms Accenture and the Boston Consulting Group were owed a total of £44.6mn, according to the administrators’ proposals finalised this week....
...More often, says Jeegar Kakkad of the Tony Blair Institute, incentives are just lacking. His think-tank has proposed making pension-fund tax advantages dependent on consolidation....
...Armitt is a former chair of the National Express Group and held senior roles with the Berkeley Group as well as the Board of Transport for London....
...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...
...They would also reduce their fiscal cost and create new investment powerhouses, helping to lift national investment and economic growth for the benefit of all....
...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....
...But that link is incredibly weak, and there’s no sense in which the National Insurance Fund is actually paying for the state pension and the NHS and other welfare benefits....
...He has another national pension from his 15 years in the European parliament. “Of course I am not destitute but it is income I was promised,” he said....
...They include proposals from the Tony Blair Institute for Global Change to consolidate the UK’s defined benefit and local government pension schemes into £300bn-£400bn megafunds managed by the Pension Protection...
...Asked whether there were resources available to plug the pension deficit at Amalgamated Holdings Wilkinson Limited, the ultimate parent of Wilko that is owned by a series of family trusts, Wilkinson said...
...According to the Office for National Statistics, the proportion of UK-listed shares held by insurance and pension funds has fallen since 1997 when the two sectors held a combined 45.7 per cent of UK quoted...
...The Tory party has consistently attracted the votes of over-65s via policies such as the triple lock, which increases the value of the state pension each year by average earnings growth, inflation or 2.5...
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