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Related Special Reports
...Steel workers’ pensions mis-selling scandal....
...and legal advice, and the appointment of trustees for the scheme’s governance....
...At the same time, the Edelman survey found 78 per cent of those queried trust their employer, compared to just 50 per cent who trust their government and the media....
...Many workers wish for the simplicity of a pension that does not run out: 73 per cent of workers surveyed last year by insurer Nationwide said they wished their 401k plan had a lifetime income option....
...beneficiary of the trust....
...Trusts can be set up in a number of ways, including through outright gifting, but also on the back of a will....
...Thirty-six “master trusts”, the largest workplace DC pension schemes, held three-quarters of the DC pension sector’s £143bn total assets, or £105bn, as of June, according to The Pensions Regulator....
...This declaration tends to elicit chuckles from pension scheme trustees, and the PPF submitted in their response to the call for evidence around the question of a public sector consolidator reckoned that...
...Yet in the fourth quarter of 1974, fearful insurance companies, pension funds, investment trusts and unit trusts together sold more shares than they bought for the first and last time during the decade....
...Any switch to compulsory investment in the UK should set klaxons blaring for pensions lawyers and trustees....
...These must have exclusively charitable purposes for the benefit of the public, and the trustees of the charity must act in the best interests of the foundation, not the commercial company....
...Asked whether there were resources available to plug the pension deficit at Amalgamated Holdings Wilkinson Limited, the ultimate parent of Wilko that is owned by a series of family trusts, Wilkinson said...
...A quarter of older workers are using their tax-free pension lump sum to pay off loans, according to a survey, which highlights how the growing burden of debt is weighing on UK pensions savings....
...Nausicaa Delfas, newly appointed chief executive of The Pensions Regulator, added that it was important for trustees of defined contribution plans to have the expertise to assess more complex assets — and...
...The thought of that could frighten some people into saving more — but a lack of trust in the system is a huge disincentive against pension saving altogether....
...The idea is that the pension pot will stay with the worker for life, and follow them from job to job....
...Pensions Hunt unveiled a shake-up of the pensions system aimed at giving workers greater control over where they build their retirement funds....
...You also have market power, via worker pensions, and also procurement power. How are you leveraging that power?...
...The Tennessee Valley Authority project of the 1930s was successful in large part because of input from the International Brotherhood of Electrical Workers, which had developed in tandem with the new technology...
...Since 2021, trustees of the UK’s biggest pension schemes have been required to identify, assess, manage and disclose climate-related risks and opportunities....
...The chief investment officer of the UK’s £30bn state-backed workplace pension fund, Nest, has warned against pension funds being forced to invest to support domestic growth....
...The UK is only 10 years into the auto-enrolment of most workers into pension savings. The idea that there is an overnight-success version of Australia’s model is for the kookaburras....
...Jon Weston — one of the school’s six trustees and managing director of West Midlands-based Rudell The Jewellers — says the UK is a significant market for the industry....
...Additional reporting by Harriet Agnew and Emma Dunkley Letter in response to this article: Trustees can make the most of pension reforms / From Rory Murphy, Chair of Trustees, Merchant Navy Officers Pension...
...investment trusts held by households now stands at ¥382tn, up 27 per cent in the past year....
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