UK pensions trends: FTSE 100 defined benefit pension schemes are increasingly bolstered by bonds April 11, 2016 FTSE 100 companies now hold a record £315bn worth of bonds across their defined benefit (DB) pension pots, research released today has found. According to the study by JLT Employee Benefits, FTSE 100 companies increased the value of bonds they held in their DB pension scheme assets by roughly £25bn over the year to the end of September [...]
Steel crisis: Why is everybody suddenly so fascinated by pension pots? April 6, 2016 The ongoing steel crisis has brought to the forefront not only questions about the UK's dwindling manufacturing industry but also worries about just how some of the country's biggest pensions commitments can be funded. So, the steel workers haven't been topping up their pension pots? Not exactly. Tata Steel's workers are members of the British Steel [...]
From the new state pension to the new lifetime allowance: Here’s everything you need to know about three pension changes taking place today April 6, 2016 Callooh, callay: it's the day a raft of changes to the pensions regime come into force. A week after the last tranche came into effect. Yep – on top of pension freedoms and various Isas, chancellor George Osborne has decided to make even more changes to the system. Confused? From the new state pension to the lifetime allowance, here's [...]
Women face retirement poverty: The feminisation of poverty means more older females live below the breadline April 6, 2016 Females are losing out when it comes to having a decent retirement and need to plan better to avoid poverty in old age. The pay gap, taking time off to have children and the fact greater numbers of women work part-time are all part of the problem. Read more: Three charts that show if you can [...]
New tax year brings dark clouds for some savers as pensions allowances slashed and dividend tax credits abolished April 5, 2016 Oh what a beautiful morning? Perhaps not if you're a saver, as this group will wake up tomorrow to less generous treatment for a major type of investment and a substantial shakeup for another. From tomorrow, those saving up for a comfortable retirement will see the amount they can add to their pension pot tax-free cut, [...]
Over 55s undecided on whether pension freedoms are actually any good April 3, 2016 One year on from the introduction of pension freedoms, the jury's still out on whether or not they are actually any good, a report released today has found. The survey by the Institute and Faculty of Actuaries (IFoA) found that, while 44 per cent of over 55s thought that the introduction of pension freedoms last April had been [...]
Defined benefit pension funding level fails to improve for FTSE 350 firms April 3, 2016 The deficit carried on defined benefit (DB) pension schemes by FTSE 350 companies has barely budged over the last year, according to figures released late last week. The study by JLT Employee Benefits discovered that, at the end of March 2016, FTSE 350 firms only held assets that covered 86 per cent of the liabilities of [...]
Over half of over 50s depending on the new state pension to keep them afloat in their retirement March 31, 2016 Whether it's warnings from Waspi about women's state pension age or mutterings from MPs about how complicated the new state pension is, there's a lot of doubt floating about over what the state pension will look like in the future. However, that hasn't stopped some soon to be retirees treating it as the cornerstone of [...]
Four ways scammers could break into your pension pot March 31, 2016 If you think you'd know a pension scam when you see it, think again. According to a report by Citizens Advice released today, nearly nine out of ten (88 per cent) people are oblivious to the common tricks that pension fraudsters pull, despite three-quarters (76 per cent) feeling confident that they were crafty enough to avoid [...]
Can you ever afford to stop working? These three charts will horrify you. Retirement is going to cost a fortune and you’ll foot the bill yourself. Check our guide to see if you’re saving enough March 30, 2016 "I’ve got all the money I’ll ever need – if I die by 4 o’clock.” It’s an old gag, a pretty lame one, but that will quite literally be the situation facing many Britons in 30 years’ time. A good number of today’s workers look destined to spend their final years in poverty. Read more: People [...]
