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...The group has said that — from completion of the deal — this pledge would extend to everywhere where the combined group is operating, while this is “subject to any relevant plans” for closures at Virgin...
...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...
...The current rules, which differ from plan to plan, make it difficult or in some cases impossible to tap excess cash and are designed to protect members’ benefits which need to be funded during their lifetimes...
...Gilmore “has a fine reputation”, said Richard Ennis, founder of Ennis Knupp & Associates, a consultancy that works with public pension plans, adding that his “first challenge” would be to generate the excess...
...His retirement plans are now in disarray due to the uncertainty over his financial position....
...Just €250mn of the €5.26bn of debt owed by the company at the centre of René Benko’s collapsing property empire had been secured against tangible assets, said its administrator, raising fresh questions about...
...Crystallising is the process of accessing the funds in your pension. Usually, to activate the process, you extract the first 25 per cent of the amount you hold in your pension as a tax-free lump sum....
...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....
...Two of Thames Water’s largest shareholders — the pension funds USS and Omers — have already taken significant writedowns on investments funded by retirees’ savings....
...The UK data watchdog has warned that government plans to combat benefits fraud by probing the bank accounts of welfare recipients would allow “significant intrusion” of privacy rights....
...“They tend to bootstrap the business at the very start, and any excess cash is used to invest in the business....
...Previously on FTAV: the Pension Protection Fund reckons it would make a great public sector superfund, helping to solve Britain’s under-investment crisis even if its asset allocation plans may, counter-intuitively...
...as pension funds....
...Imagine, for a moment, that the chancellor’s plans to create the UK Isa have been fast tracked....
...Have you made any pension provision?I have a small pension from Deloitte. The business is probably my pension. Until recently any profit went back into the company....
...It followed other market-friendly reforms by preceding rightwing governments, including overhauls of the rigid labour code and pensions provision....
...Claer Barrett Well, both of those measures — NatWest and the UK ISAs — combined with plans to force pension funds to disclose what proportion of UK shares they hold, a rule designed to boost London’s flagging...
...to divert some of the excess to shareholders....
...of private equity, pension and sovereign wealth funds....
...Economists have spent a lot of time lately thinking about the implications of “excess savings”: money that households built up during the pandemic when they were locked down with nothing but Netflix and...
...And so almost half of the US population has no access to a workplace plan....
...Next, making the most of tax-enhancing wrappers such as pensions and Isas (both using our annual allowances while we are earning or having excess cash and drawing down from them optimally)....
...Shortly after this year’s 70th anniversary of British researchers’ discovery of the double helix, Prime Minister Rishi Sunak declared, as he unveiled a plan to turn the UK into a scientific “superpower”,...
...The pension fund looking after the retirement savings of Britain’s MPs and ministers has given the cold shoulder to UK companies, in spite of efforts by chancellor Jeremy Hunt to funnel more cash into domestic...
...Roman: You have a stronger bank, and if we know what we are doing, you have higher expected returns for many people who have money in a pension plan, or a mutual fund, or for an insurance company....
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