Higher life expectancy compounds pensions woes
LONDON - New figures reveal that the higher life expectancy over the past decade is adding to worries about pensions and is compounding the woes of life insurers.
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Sat, 01 Oct 2005 14:35 GMT |
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Treasury asks FSA to regulate SIPPs; watchdog says can be done by 2007
LONDON - The Treasury finally took some steps to safeguard pension funds that are invested in property markets under the self-invested personal pensions (SIPPs) by announcing that it would allow the Financial Services Authority (FSA) to regulate SIPPs.
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Sat, 01 Oct 2005 10:40 GMT |
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£250m injection saves workers at insolvent T&N
Staff at Turner & Newall (T&N), can now rest assured as the company’s owner, Federal-Mogul has injected £250m into T&N’s pension scheme that has been lying in a frozen state since July 2004.
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Wed, 28 Sep 2005 17:35 GMT |
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Pensions issue haunts Labour Party conference
BRIGHTON - The pensions issue is set to snowball into a major happening at the Labour Party conference what with the CBI chief Sir Digby Jones adding his voice to allow people to work beyond the age of 60.
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Tue, 27 Sep 2005 06:40 GMT |
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National debate promised on pensions reforms
LONDON - David Blunkett, Work and Pensions Secretary has assured workers that the government would initiate a ''sensible, open debate'' before taking any concrete step on the proposal to increase the retirement age to 67.
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Thu, 22 Sep 2005 19:20 GMT |
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Unions ready to strike over pensions
BRIGHTON - Trade unions have threatened that they will take industrial action unless the government withdraws plans to increase the retirement age for civil servants from 60 to 65. The unions have said that the government could face the biggest strike since the General Strike of 1926.
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Thu, 15 Sep 2005 06:05 GMT |
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MG Rover pension schemes under formal assessment
LONDON - The Pension Protection Fund has disclosed that it has begun the process of formally assessing MG Rover's two pension schemes on August 31. The government body, which was specifically set up to look at pension related issues said that it was assessing if MG Rover's schemes had enough amount to pay out the 6,000 employees or not.
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Wed, 14 Sep 2005 21:05 GMT |
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FSA says pensioners were better off in State Second Pension
LONDON - City watchdog Financial Services Authority said yesterday that millions of people who had moved their pension accounts to the private sector from the second state pension scheme had lost a significant amount of money and could hold financial companies liable for the same.
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Tue, 23 Aug 2005 20:25 GMT |
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Pension closures help employers save billions
Research done by Brewin Dolphin’s wealth management division led to the startling revelation that employers are saving as much as £4.15bn thanks to rapid closures of the Defined Benefit (DB) schemes. In fact, according to Christine Farnish, head of the National Association of Pension Funds, Defined Benefit (DB) or final salary pension schemes are not likely to exist beyond 2010.
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Thu, 14 Jul 2005 18:05 GMT |
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