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Related Special Reports
...of EnnisKnupp, a consultancy that works with pension plans....
...based on salary and length of service....
...Industry-level aggregate data from the Pension Protection Fund shows that UK defined benefit pension plans invested 10 per cent of their equity allocations into domestic listed companies in 2022, down from...
...the UK’s Financial Services Compensation Scheme, which compensates customers if a financial business fails....
...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 fact, the UK already has in its Local Government Pension Scheme one of the largest asset-based public service pension schemes in the world....
...With every new job comes a new pension. Each worker who starts actively contributing into a new pension leaves behind a “deferred” pension, typically in a different pension scheme....
...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....
...A defence ministry proposal on a model of national service for young adults will be put before German politicians in the coming weeks, he added....
...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....
...That the US pension system is a complicated failure (“Move to solve ‘Rubik’s Cube’ of US pensions”, Report, April 1) is beyond dispute....
...For decades the plans — which promise guaranteed pensions calculated on salary and length of service — formed the bedrock of British workplace pension provision....
...The report said government spending on the state pension, pension credit and winter fuel payment was expected to be £132bn in 2023-24, or 5.1 per cent of national income....
...This matters, because bad service and wasted time damages national productivity and depresses our mood....
...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....
...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...
...In an interim report published in 2021, it found specific instances in 2005 and 2006 of the department “not acting properly or providing poor service”....
...by the Department for Work and Pensions....
...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....
...In a landmark decision on Thursday, the parliamentary and health service ombudsman said thousands of women may have been affected by a failure to adequately inform them that the state pension age had changed...
...The Pensions Regulator declined to comment....
...lower the cost of pension promises....
...Nigel Peaple, spokesperson for the Pensions and Lifetime Savings Association, the workplace pension trade body said: “Investment must be in the interest of pension savers and we look forward to working with...
...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....
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