Government unable to fund Royal Mail directly
The UK Government ruled out pumping funds to plug Royal Mail’s £4.5 billion pension deficit. Barry Gardiner, secretary of state for competitiveness at the Department of Trade and Industry (DTI), told the MPs on the Trade and Industry Select Committee said such a move would amount to the government breaking European state aid laws.
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Thu, 17 Nov 2005 10:40 GMT |
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British Gas employees threaten strike against new pension scheme
Around 5,500 members of the GMB union will vote in the run-up to Christmas on whether they will launch a strike in protest against firm’s plans, which is to close the company's final salary pension scheme to new employees from April 2006.
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Tue, 08 Nov 2005 06:45 GMT |
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Most Britons ignore private pensions, says ONS
LONDON - In a new twist to the pensions saga, the Office for National Statistics said on Thursday that less than half of Britons in the working age group are contributing anything above the basic state entitlement to their pensions accounts.
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Sat, 29 Oct 2005 18:20 GMT |
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Unemployment will be the prime concern at Thursday’s EU summit
In an effort to revitalise his position as the current EU President, British Prime Minister Tony Blair along with David Blunkett, the work and pensions secretary, will hold talks with the European Union politicians, business leaders and trade union chiefs on Monday to generate a consensus on the employment concerns prior to the EU summit on Thursday.
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Mon, 24 Oct 2005 11:05 GMT |
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SIPP extra cautiously, say experts
LONDON - Investors who are hoping to dip their hands into the property markets courtesy the self-invested personal pension (Sipp) scheme would do better to check the antecedents of some firms that claim to offer them the best deals, say analysts.
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Mon, 24 Oct 2005 07:40 GMT |
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Government relents on retirement age, averts strike
The British government agreed not to go ahead with its plans to raise the retirement age of its civil servants and workers in the public sector, paving way for a deal with the trade unions, which averted a major strike in the country.
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Wed, 19 Oct 2005 09:25 GMT |
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Employer fury sways ASB to consider easing pension accounting rules
Most employers heaved a sigh of relief on Thursday on receiving news that there was hope for ‘strict’ pension accounting rules to be loosened, following the announcement by the Accounting Standards Board that it would evaluate and reexamine its previous financial reporting method of pensions.
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Sat, 15 Oct 2005 08:00 GMT |
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Trade unions unhappy with increased pension incentives
The Trade Union Congress has strongly come out against proposed increased tax incentives being offered to companies and individuals. The union believes that such steps would only broaden the divide between the rich and the poor.
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Sun, 09 Oct 2005 01:25 GMT |
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Pensions Act evokes angst amongst employees
A report saw a large number of employers fuming at the last year’s Pensions Act, claiming that the Act would only lessen pension provision levels in offices besides increasing ‘regulatory interference’.
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Thu, 06 Oct 2005 20:25 GMT |
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