Hints and tips:
...Employers’ access to billions of pounds of surpluses in UK company pension funds would be eased under proposals set out by the government on Friday....
...That makes a buyout a more realistic option for hundreds of pension funds....
...The majority of UK workers saving into a pension are members of defined contribution (DC) schemes, building up a finite “pot” of money to fund their retirement that can be accessed from the age of 55....
...Second, by going slow in their assault on inflation the central banks have further undermined the real value of already low annuity incomes....
...So, in a CDC, the trustees, whose sole responsibility would be to manage the fund in the interests of members, would have to adjust promises from time to time in light of experience....
...Paul Brine Independent Pension Fund TrusteeShrewsbury, Shropshire, UK...
...One test will be what the Pennsylvania Public School Employees’ Retirement System, a big US public pension fund, decides....
...We do not know the timing, structure or pricing of the fund raise....
...For this reason, building a pension fund for your children could appeal....
...The 400,000 savers and members of the Central States Pension Fund, set up in 1955 to provide for truckers in their retirement, received a letter in May from their board of directors and trustees with an...
...In 2008, a £100,000 pension fund would have generated a life-long annuity income of around £7,900 a year from age 65....
...For instance, UK pension funds can invest in whatever asset trustees deem to be appropriate....
...“One of our priorities in the course of 2015 will be to work quite closely with the pension fund trustees to mitigate [this],” he said....
...Could pensions freedoms could be bad news for fund managers? Merryn: One of the really exciting things that pensions freedoms is going to do is transform the fund management industry....
...So today, the central judgement of this Budget is this: we will use the resources from the bank sales and the lower interest payments and the lower welfare bills to pay down the national debt....
...UK company pension funds have piled into government gilts, trebling their purchases year on year – in a move that suggests trustees are putting the protection of corporate balance sheets above the selection...
...Welfare We set out today the details of that welfare cap – and we will seek the support of Parliament for it next week....
...The National Association of Pension Funds panned the discussion document, saying that it does not go far enough to relieve the funding burden on employers....
...spending of welfare budgets....
...Given that UK pension deficits stand at £267bn according to June figures from the Pension Protection Fund, such low gilt yields may drive trustees to consider more derivative-based strategies that free up...
...Savers in all types of pension scheme will see their future income at risk – not just those using funds built up in personal and defined-contribution (DC) company pensions to buy an annuity....
...It’s starting to look like a pension fund with an engineering business on the side....
...Resolution is a sort of echo of a brilliant coup organised by Clive Cowdery, who made a bucketload of money from closed life funds in Resolution Mk1....
...But what has any of this got to do with me? A lot of money is invested in the stock market by pension funds so these have seen an automatic drop in value....
...Pension fund managers have therefore been on a desperate search for yield and returns, as they struggle to outperform their liabilities. As a result, trustees feel forced to take on more risk....
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