Tag Archives: pensions

Hundreds of stores of the retail giant Wilko will close in the coming weeks, after talks to rescue the bankrupt company failed. Administrators at PwC confirmed on Monday that nearly 300 Wilko stores and its distribution centers will cease operations in the coming weeks. The company collapsed owing £410.9 million …

However, superior returns may only arise in very old age, according to research commissioned by the Association for British Insurers, an industry trade body. Its model found that if a worker starts saving into a CDC scheme at the age of 30, by their 75th birthday they would have an …

The Governent has launched a new sort of hybrid pension that claims to offer the best parts of existing sorts of retirement savings – all that’s left is for employers to buy into the idea CDC pensions have been a hit overseas – and now they’ve come to the UK …

Royal Mail, Co-op and Marks & Spencer (M&S) have this week pledged to halve the emissions of their pension scheme portfolios by 2030, and to deliver net zero across these investments by no later than 2050. Royal Mail and the Co-op announced their pension scheme pledges today, following the 2040 …

Hundreds of P&O Ferries workers laid off last month are in danger of switching their retirement funds into less generous alternatives, financial experts are warning Worried P&O staff may be worried about their pensions, but should take proper advice ( Image: Getty Images) Laid-off P&O Ferries workers are being urged …

April is a month of financial change bringing with it energy price hikes, a rise to benefits delivered by both the Department for Work and Pensions (DWP) and HM Revenue and Customs (HMRC), increases to the National Living Wage, Council Tax and National Insurance Contribution deductions. But there’s a lot …

An entirely new sort of retirement pot is launching this year, the ‘collective defined contribution’ scheme, which is already being trialled by the Royal Mail with 140,000 staff Video Loading Video Unavailable The video will auto-play soon8Cancel Play now Universal Credit, pension and other payment rates from April 2022 A …

The European Pensions Awards recognise the pension providers that have set the professional standards in order to best serve European pension funds over the past year. EQ recognised for supporting clients, and the continuity of service through the COVID-19 pandemic, as well as innovation in digital-first technology to support scheme …

The story behind Royal Mail's decision to set-up a collective defined contribution (CDC) scheme is, by now, well-known in the industry. Source link

Houses of Parliament (Westminster palace) and Big Ben tower, London, UK Getty Am I at the “beating a dead horse into the ground” point yet on the GROW Act? This is, regular readers will recall, the authorizing legislation now in front of Congress which would enable multi-employer pension plans to …