Hints and tips:
Related Special Reports
...More than 10,000 members of the Debenhams pension plan were transferred to the UK’s pension protection scheme in 2019, following the collapse of the 240-year-old retail group....
...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...
...Sir John Armitt made his remarks at the Trades Union Congress conference in London, a week after chancellor Jeremy Hunt unveiled new measures to increase investment by UK private sector pension funds in...
...For decades the plans — which promise guaranteed pensions calculated on salary and length of service — formed the bedrock of British workplace pension provision....
...Martin Bradley Head, Emea Infrastructure, Macquarie Asset Management, London EC2, UK...
...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...
...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....
...Yvonne Braun, director of long-term savings at the Association of British Insurers, welcomed the plans to compare the performance of pension providers....
...Some of the UK’s biggest pension plans are taking advantage of steep price discounts to snap up real estate and other private assets, as fellow retirement funds put their harder-to-sell holdings on to the...
...“Government needs to recognise this as an international, globally competitive market,” he told attendees at the Trades Union Congress pension conference in London this week....
...Employers are not obliged to pay into a pension plan chosen by their workers....
...But at that stage every pension plan was an island, with no interconnections and no obvious mechanism for enabling the pension to follow the member. Ten years on that has all changed....
...The call came from leading figures in the union movement who met in London this week to discuss pension policies under a future Labour government....
...The UK government has defended reforms which will allow employers to more easily extract surpluses from pension plans to invest back in the business....
...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....
...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 state pension age had changed....
...But Labour confirmed its plans to continue to tap the private sector to finance trains....
...intervene and hold the Department of Work and Pensions to account,” said the report....
...David Cule Punter Southall London WC2, UK...
...Letter in response to this article: Corralling civil servants into a DC plan is hard bit / From David Cule, Punter Southall, London WC2, UK...
...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...
...the cost of pension promises....
International Edition