Invest in pension scheme - News
Long-Term Agreement With Best Doctors announced by Friends Life
Friends Life has signed a new long-term agreement with Best Doctors to include its valuable service in the company's new individual protection policies sold through recognised IFA channels. The new agreement means that Friends Life will work in partnership with Best Doctors developing innovative services in the IFA market. Best Doctors is an expert medical information service for policyholders and their families. The service, which will be... [more]
1 in 4 cancel retirement plans because they can't afford to stop working
The latest Prudential's Class of 2011 study reveals that more than a third (38 per cent) of people due to retire in 2011 are cancelling their plans and delaying retirement, and a significant proportion (22 per cent) of these are doing so because they can't afford to stop working. Those delaying retirement this year for financial reasons, had, on average, hoped to stop working at age 62 but now expect to be 68 years old before they can finally ... [more]
MGM Advantage's Flexible Income Annuity provides some protection against inflation with the prospect for income growth
As the cost of living increases there will be even greater strain on household incomes and that this will hit those in retirement hardest. A combination of rising inflation and falling conventional annuity rates is resulting in growing demand for a new breed of investment backed annuity. According to MGM Advantage, collectively UK households need to find an extra £35 billion to maintain the standard of living enjoyed just 12 months ago. For h... [more]
The Coping Classes rely on their retired parents for support
According to a report published by Friends Life, middle income, middle life-stagers are relying on their retired parents for support as the combination of the recession and spending cuts bring about profound changes in the way in which generations within families support each other. The report, entitled The Coping Classes and part of Friends Life's Vision of Britain 2020 series, reveals that over half (59%) of middle income households are unab... [more]
Complicated two-tier pension system could leave existing pensioners with an inadequate state pension and a complicated means-tested system
Around 61% of pensioner couples have an annual income of £15,000 or less, and 45% of all single pensioners have an annual income of £10,000 or less. 2.5m pensioners are living below the official poverty line in 2007/8 defined as 60% median population income (equivalent to £178 a week before housing costs in 2011). Two thirds of these pensioners are women. At least 15% of pensioners - over 1.5m older people - are living in persistent poverty ... [more]
UPDATE 1-Aer Lingus in talks over pension deficit
* Talks to freeze pension scheme, invest in higher yieldingbonds * Declines comment on report deficit has grown to 722 mlneur (Adds details, background) DUBLIN, Jan 30 (Reuters) - Aer Lingus is intalks ...
CBI urges Osborne to focus on growth goals in budget
LONDON (Reuters) - Chancellor George Osborne should focus on implementing the growth-boosting measures he unveiled last year in the budget due on March 21, Britain's biggest business lobby group said on Wednesday. The Confederation of British Industry also railed against calls by the opposition Labour party for a temporary cut in value-added tax to boost demand, saying it would send the wrong ...
Aer Lingus in talks to revamp pension fund-report
* Airline would close fund and invest in govt bonds, RTEsays * Unclear how scheme would close 400 mln euro hole Jan 27 (Reuters) - Irish airline Aer Lingus is in talks with unions about restructuring its ...
New Shell workers to get 'individual' pension scheme from 2013
Oil giant Shell plans to exclude new workers from its current final salary pension scheme from next year, and set up 'defined contribution' pensions for them instead, the NRC reports.
Odeon deal just part of the pension picture
BELFAST BRIEFING:A NORTHERN Ireland pension fund is set to enjoy a starring role in an English town after acquiring its only cinema in a deal worth more than £9 million.
£50bn quantitative easing increase will impact on pension schemes, experts warn
The Bank of England's announcement that it will increase its quantitative easing (QE) programme by £50 billion over the next three months is likely to adversely affect the value of pension scheme investments, experts have warned.
UK lobby urges Osborne to focus on growth goals in budget
LONDON, Feb 22 (Reuters) - British finance ministerGeorge Osborne should focus on implementing the growth-boostingmeasures he unveiled last year in the budget due on March 21,Britain's biggest business ...
CBI calls for changes to UK's tax system
The UK Government has been urged to give a £500m Budget boost to business through a series of changes to the tax system aimed at stimulating growth. Related Stories Scheme to send cash by mobiles imminent UK refuses to agree EU accounts because of budget errors C&C plays down talk of London stock shift £7.8bn surplus boost for Osborne Slow US growth for Andor
Tax planning? Invest in long-term instruments
Some instruments help you perform the dual task of tax saving and retirement planning. Pick ones with the longest lock-in period
Pension fund mechanism in the works
China's State Council is laying the groundwork for a mechanism to manage equity investment by provincial pension funds, mainland media reported.
