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...Calpers, the US’s biggest public pension plan, is weighing a vote against ExxonMobil chief executive Darren Woods’ re-election to the company board as shareholder discontent brews over a lawsuit it filed...
...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....
...These “buyouts” — of pension plans and the assets backing them — are regarded as the gold standard for safeguarding benefits....
...The government first proposed plans for pension dashboards in 2016, arguing the new online tool could benefit millions of savers who find it hard to keep track of multiple pension pots built up over a working...
...For decades the plans — which promise guaranteed pensions calculated on salary and length of service — formed the bedrock of British workplace pension provision....
...Our plan is that workplace pensions would be attached to a worker and go with them when they change job....
...Anyone under age 45 will have to wait until they are at least 57 to start withdrawing their workplace or private pension, and won’t hit the state retirement age until they are 68....
...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....
...“With the new system coming in, HM Revenue & Customs did not want to ignore the tax-free lump sums which people had already taken, and plan to score those against the newly created lump sum allowance.”...
...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...
...On one hand, leading one of the world’s biggest pension plans should be incredibly desirable....
...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....
...“Since focusing on my pensions and retirement plan, I know what I need to do within [my] business to make my goals not only viable but a reality,” says White. There are risks, of course....
...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....
...“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.”...
...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...
...Employers are not obliged to pay into a pension plan chosen by their workers....
...In his Budget, Hunt confirmed new measures that require local authority pension funds and private sector retirement plans to disclose their UK investments....
...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....
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