Topic filter : Pension

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....McDonald's has a UK workforce of more than 115,000, the majority of which are on zero-hours contracts. Paul Maloney, the GMB union's southern region secretary, said: "Workers at McDonald's should be offered up to 40 hours of work a week, and permanent contracts to include annual leave, sick pay and a pension scheme. ... [Read full article on BBC ]
Tuesday 25th of April 2017 02:58:27 PM
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....15 over their first two years of employment. Employees also receive grants of Amazon shares and a company pension. ... [Read full article on Guardian ]
Thursday 27th of April 2017 10:34:55 AM
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....He added that if the Conservatives did intervene, it would be better if they abolished standard variable tariffs. About 800,000 of the poorest pensioners and 1. ... [Read full article on BBC ]
Monday 24th of April 2017 07:29:03 AM
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....Brexit and the health of the economy will form a central part of the general election campaign waged in the run-up to the snap poll on 8 June. The work and pensions minister, Damian Green, said on Sunday that the Conservative party’s election manifesto would focus on the Brexit negotiations and domestic concerns such as strengthening the economy. ... [Read full article on Guardian ]
Monday 24th of April 2017 06:00:04 AM
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. Britain should stop giving the state pension to the rich and instead spend the money on benefits for the poor, according to the Organisation for Economic Co-operation and Development. ... [Read full article on Guardian ]
Thursday 27th of April 2017 07:15:15 AM
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. Theresa May is seriously considering replacing the “triple lock”, which guarantees a minimum increase in the state pension each year, with a less generous “double lock”, and spending some of the money saved on social care. ... [Read full article on Guardian ]
Wednesday 26th of April 2017 09:00:47 PM
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. Theresa May has announced plans to protect pensions from "unscrupulous" bosses if she wins the election. ... [Read full article on BBC ]
Sunday 30th of April 2017 03:59:09 AM
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. One of the key figures behind the introduction of the triple-lock pension policy is calling for its revamp. ... [Read full article on BBC ]
Sunday 30th of April 2017 02:11:29 AM
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....The decision to hold a snap election on 8 June means ministers are having to rush through legislation before parliament closes for business, and as a result ministers have effectively ditched the majority of the finance bill in a bid to ensure it gets through. Key measures dropped include a plan to slash the tax-free dividend allowance from £5,000 to £2,000 from April 2018, and a big cut in the amount that many over-55s can save into their pensions. ... [Read full article on Guardian ]
Tuesday 25th of April 2017 04:42:20 PM
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....Costs, including its wage bill, increased as it hired about 150 more people compared with 2015. However, the directors’ combined pay, including pension payments, was slashed to £5. ... [Read full article on Guardian ]
Monday 24th of April 2017 03:20:53 PM
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....May appears to have chosen what has been described as the “full fat” choice, a cap on the standard variable tariffs that around two-thirds of people are on. The work and pensions secretary, Damian Green, suggested such a move would save an average family around £100 a year. ... [Read full article on Guardian ]
Sunday 23rd of April 2017 03:08:01 PM
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....As well as making sure you know exactly how much you’re going to receive in advance of conducting the transfer, fixing a rate in this way means you can protect your funds from any negative shifts in the exchange rate. Similarly, if you needed to move money abroad every month (to transfer pension payments, wages or money to cover general living costs) you could set up a regular overseas payments plan to make sure those transfers are made automatically on a pre-set date. ... [Read full article on Daily Express ]
Tuesday 25th of April 2017 12:01:00 AM
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....Buy-to-let slump puts first-time buyers in the driver’s seat. Theresa May weighing up cheaper ‘double lock’ for pensions. ... [Read full article on Guardian ]
Thursday 27th of April 2017 01:58:02 PM
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....Matt Oakley, of Murcia Golf Properties, said 70% of his clients were British and that he hadn’t had buyers pulling out of purchases, although he admitted other concerns. “A lot of people are seeing that their pensions won’t stretch as far as they did and some people who maybe wanted to buy a villa are now having to settle for an apartment. ... [Read full article on Guardian ]
Friday 28th of April 2017 04:03:49 PM
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. The row brewing over the state pension triple lock plays into a wider debate about incomes and wealth in old age and how, as a society, we adapt to the escalating costs of improved life expectancy, increasing care costs and, crucially, property prices. ... [Read full article on Guardian ]
Saturday 29th of April 2017 04:00:03 PM
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.... The case against Sir Philip will continue in the new parliament,” said Field. The comments come almost a year to the day since the department store chain plunged into administration, affecting 11,000 jobs and around 19,000 pension holders. ... [Read full article on Guardian ]
Sunday 23rd of April 2017 03:54:50 PM
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....If there’s a real difference, it’s that a Tory cap – probably set by regulator Ofgem – would allow bills to go up if suppliers’ wholesale costs increase. But that possibility, at least at the outset, is academic since Damian Green, the work and pensions secretary, is semi-guaranteeing annual savings of about £100 for an average family on a standard variable tariff. ... [Read full article on Guardian ]
Monday 24th of April 2017 06:58:33 PM
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Wednesday 26th of April 2017 11:12:00 AM
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. Theresa May is considering replacing the “triple lock”, which guarantees a minimum increase in the state pension each year, with a less generous “double lock” commitment in the Conservative party’s general election manifesto, and spending some of the money saved on social care. ... [Read full article on Guardian ]
Thursday 27th of April 2017 01:39:07 PM
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....Capping utility bills was a key policy in Labour’s 2015 general election manifesto, but was rubbished by David Cameron as evidence that Ed Miliband wanted to live in a “Marxist universe”. But the work and pensions secretary, Damian Green, confirmed on Sunday that the Conservatives would allow the market regulator, Ofgem, to impose a price ceiling for customers on standard variable tariffs. ... [Read full article on Guardian ]
Sunday 23rd of April 2017 11:26:37 AM
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....The housing market could also wobble if buyers delay their purchases until after polling day on June 8. The next few weeks will see politicians making plenty of financial promises in a bid to buy votes, with many aimed squarely at pensioners. ... [Read full article on Daily Express ]
Sunday 23rd of April 2017 01:10:00 PM
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....Now, it seems, the triple lock might not even survive until the Brexit deal is finalised, as it has been reported that Theresa May is seriously considering dropping it from the Conservative Party’s 2017 election manifesto. Introduced in 2010 by the Conservative-Lib Dem coalition, the triple lock is a guarantee that pensions will increase each year by either the same rate as inflation, average earnings growth or at least 2. ... [Read full article on Daily Express ]
Thursday 27th of April 2017 03:25:00 PM
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. Plans to ditch the triple lock on the basic state pension would represent a “double whammy” for the poorest pensioners, many of whom have already lost out under this month’s new flat-rate pension, according to a leading pension expert. ... [Read full article on Guardian ]
Sunday 30th of April 2017 04:59:19 AM
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Latest Finance News related to Pension

Poorest face ‘double whammy’ if Tories ditch triple lock on pensions image
. Plans to ditch the triple lock on the basic state pension would represent a “double whammy” for the poorest pensioners, many of whom have already lost out under this month’s new flat-rate pension, according to a leading pension expert. ...
May vows to protect pensions from 'unscrupulous bosses' image
Source : BBC [Read Article] Sunday 30th of April 2017 03:59:09 AM
. Theresa May has announced plans to protect pensions from "unscrupulous" bosses if she wins the election. ...
Triple-lock: Call for pensions policy to be revamped image
Source : BBC [Read Article] Sunday 30th of April 2017 02:11:29 AM
. One of the key figures behind the introduction of the triple-lock pension policy is calling for its revamp. ...
Pensioners will carry on hoarding cash if state won’t step in image
Source : Guardian [Read Article] Saturday 29th of April 2017 04:00:03 PM
. The row brewing over the state pension triple lock plays into a wider debate about incomes and wealth in old age and how, as a society, we adapt to the escalating costs of improved life expectancy, increasing care costs and, crucially, property prices. ...
Weak pound melts the British dream of a place in the sun image
Source : Guardian [Read Article] Friday 28th of April 2017 04:03:49 PM
....Matt Oakley, of Murcia Golf Properties, said 70% of his clients were British and that he hadn’t had buyers pulling out of purchases, although he admitted other concerns. “A lot of people are seeing that their pensions won’t stretch as far as they did and some people who maybe wanted to buy a villa are now having to settle for an apartment. ...
Exchange rate fluctuation is MORE of a threat to expat’s pensions than losing triple lock image
....Now, it seems, the triple lock might not even survive until the Brexit deal is finalised, as it has been reported that Theresa May is seriously considering dropping it from the Conservative Party’s 2017 election manifesto. Introduced in 2010 by the Conservative-Lib Dem coalition, the triple lock is a guarantee that pensions will increase each year by either the same rate as inflation, average earnings growth or at least 2. ...
Buy-to-let slump benefits first-time buyers, plus the best broadband firms image
....Buy-to-let slump puts first-time buyers in the driver’s seat. Theresa May weighing up cheaper ‘double lock’ for pensions. ...
Pensions triple lock: what you need to know image
Source : Guardian [Read Article] Thursday 27th of April 2017 01:39:07 PM
. Theresa May is considering replacing the “triple lock”, which guarantees a minimum increase in the state pension each year, with a less generous “double lock” commitment in the Conservative party’s general election manifesto, and spending some of the money saved on social care. ...
Amazon creates 1,200 jobs at warehouse equipped with advanced robotics image
Source : Guardian [Read Article] Thursday 27th of April 2017 10:34:55 AM
....15 over their first two years of employment. Employees also receive grants of Amazon shares and a company pension. ...
UK should axe state pension for rich people, says OECD image
Source : Guardian [Read Article] Thursday 27th of April 2017 07:15:15 AM
. Britain should stop giving the state pension to the rich and instead spend the money on benefits for the poor, according to the Organisation for Economic Co-operation and Development. ...
Theresa May weighing up cheaper 'double lock' for pensions image
Source : Guardian [Read Article] Wednesday 26th of April 2017 09:00:47 PM
. Theresa May is seriously considering replacing the “triple lock”, which guarantees a minimum increase in the state pension each year, with a less generous “double lock”, and spending some of the money saved on social care. ...
How the General Election affects pensions, small businesses and expats image
Source : Independent [Read Article] Wednesday 26th of April 2017 11:12:00 AM
...
Related to :
Tax raid postponed as ministers rush through finance bill image
Source : Guardian [Read Article] Tuesday 25th of April 2017 04:42:20 PM
....The decision to hold a snap election on 8 June means ministers are having to rush through legislation before parliament closes for business, and as a result ministers have effectively ditched the majority of the finance bill in a bid to ensure it gets through. Key measures dropped include a plan to slash the tax-free dividend allowance from £5,000 to £2,000 from April 2018, and a big cut in the amount that many over-55s can save into their pensions. ...
McDonald's to offer all UK staff fixed hour contracts image
Source : BBC [Read Article] Tuesday 25th of April 2017 02:58:27 PM
....McDonald's has a UK workforce of more than 115,000, the majority of which are on zero-hours contracts. Paul Maloney, the GMB union's southern region secretary, said: "Workers at McDonald's should be offered up to 40 hours of work a week, and permanent contracts to include annual leave, sick pay and a pension scheme. ...
These are the mistakes everyone makes when buying foreign currency - and how to AVOID them image
....As well as making sure you know exactly how much you’re going to receive in advance of conducting the transfer, fixing a rate in this way means you can protect your funds from any negative shifts in the exchange rate. Similarly, if you needed to move money abroad every month (to transfer pension payments, wages or money to cover general living costs) you could set up a regular overseas payments plan to make sure those transfers are made automatically on a pre-set date. ...
Tories pinched Labour's energy price cap – but now we need detail | Nils Pratley image
....If there’s a real difference, it’s that a Tory cap – probably set by regulator Ofgem – would allow bills to go up if suppliers’ wholesale costs increase. But that possibility, at least at the outset, is academic since Damian Green, the work and pensions secretary, is semi-guaranteeing annual savings of about £100 for an average family on a standard variable tariff. ...
Foster + Partners plans redundancies after Brexit uncertainty image
Source : Guardian [Read Article] Monday 24th of April 2017 03:20:53 PM
....Costs, including its wage bill, increased as it hired about 150 more people compared with 2015. However, the directors’ combined pay, including pension payments, was slashed to £5. ...
Pensioners’ election REBELLION: Demands for May to look at pension issue for UK's 5MILLION image
....Theresa May, 60, has been out campaigning in Dudley as she attempts to woo voters across the country after she called a snap election last week. But she is facing a major backlash from as many as FIVE million pensioners if she doesn't "meet us half way" and confront the pensions crisis. ...
General Election 2017: Energy bill cap 'will hit consumers' image
Source : BBC [Read Article] Monday 24th of April 2017 07:29:03 AM
....He added that if the Conservatives did intervene, it would be better if they abolished standard variable tariffs. About 800,000 of the poorest pensioners and 1. ...
Inflation puts the brakes on Britain's economic activity image
Source : Guardian [Read Article] Monday 24th of April 2017 06:00:04 AM
....Brexit and the health of the economy will form a central part of the general election campaign waged in the run-up to the snap poll on 8 June. The work and pensions minister, Damian Green, said on Sunday that the Conservative party’s election manifesto would focus on the Brexit negotiations and domestic concerns such as strengthening the economy. ...
Sir Philip Green could still lose knighthood, says MP image
Source : Guardian [Read Article] Sunday 23rd of April 2017 03:54:50 PM
.... The case against Sir Philip will continue in the new parliament,” said Field. The comments come almost a year to the day since the department store chain plunged into administration, affecting 11,000 jobs and around 19,000 pension holders. ...
Energy bills: what's the difference between Tory cap and Miliband freeze? image
....May appears to have chosen what has been described as the “full fat” choice, a cap on the standard variable tariffs that around two-thirds of people are on. The work and pensions secretary, Damian Green, suggested such a move would save an average family around £100 a year. ...
What does the snap election mean for your finances? image
Source : Daily Express [Read Article] Sunday 23rd of April 2017 01:10:00 PM
....The housing market could also wobble if buyers delay their purchases until after polling day on June 8. The next few weeks will see politicians making plenty of financial promises in a bid to buy votes, with many aimed squarely at pensioners. ...
Tories accused of stealing Labour's energy price cap promise image
Source : Guardian [Read Article] Sunday 23rd of April 2017 11:26:37 AM
....Capping utility bills was a key policy in Labour’s 2015 general election manifesto, but was rubbished by David Cameron as evidence that Ed Miliband wanted to live in a “Marxist universe”. But the work and pensions secretary, Damian Green, confirmed on Sunday that the Conservatives would allow the market regulator, Ofgem, to impose a price ceiling for customers on standard variable tariffs. ...
Packing a punch image
Source : BBC [Read Article] Sunday 23rd of April 2017 06:58:24 AM
....Assets under management have risen sharply since, to about $19bn in 2012 and $30bn today. Its investor include very wealthy private individuals, sovereign wealth funds, foundations and pension funds. ...
Family matters image
Source : BBC [Read Article] Sunday 23rd of April 2017 12:51:12 AM
....By the time they had reached the same age, the 1970s generation had twice as much wealth on average - £53,000 each. A large part of the explanation is that an individual's wealth is mainly made up of property and pensions - and younger adults are faring well with neither. ...
Brand Masha image
Source : BBC [Read Article] Saturday 22nd of April 2017 11:27:22 PM
.... . "But I am sure there will have been some sort of penalty clause in her sponsor contracts for incurring a suspension. ...
BHS crash sets trend for a chain of closures on UK high streets image
Source : Guardian [Read Article] Saturday 22nd of April 2017 03:00:17 PM
....A year on, the high street is still reeling from the body blow. More than two-thirds of the retailer’s 164 stores are still lying empty and its pensioners have been left worse off, even after former owner Sir Philip Green agreed to pump up to £363m into supporting the pension scheme. ...
Put just £40 a week aside to enjoy a happy retirement image
Source : Guardian [Read Article] Saturday 22nd of April 2017 06:00:06 AM
.... Or little more than three coffees from Pret. Don’t underestimate the value of the new state pension. ...
Philip Hammond signals ditching of Tory 'no tax rise' pledge image
Source : Guardian [Read Article] Friday 21st of April 2017 12:58:04 PM
....Labour seized on the chancellor’s words as a “Tory tax bombshell”. The Labour leader, Jeremy Corbyn, responded quickly by saying that his party would maintain the triple lock on pensions. ...
Tata Steel offers £520m pensions payment in bid to secure future image
Source : Guardian [Read Article] Thursday 20th of April 2017 05:14:48 PM
. Tata Steel could pay more than £500m into its UK pension scheme as part of a deal with regulators that involves the Pension Protection Fund taking a stake in the business. ...
Virgin Money chief: 'I have battled with mental health all my life' image
Source : Guardian [Read Article] Thursday 20th of April 2017 04:15:42 PM
.... The idea was to tell the story of Virgin Money, which is backed by Sir Richard Branson. The business started in 1994 when the insurer Norwich Union – her then employer – linked up with Branson’s Virgin Group to launch a savings and pensions product. ...
Green Investment Bank sell-off described as a disaster by critics image
Source : Guardian [Read Article] Thursday 20th of April 2017 03:22:54 PM
....3bn has been attacked by critics including the Liberal Democrats and Greenpeace as “politically dubious” and a “disaster”. A consortium led by Macquarie, which also includes the bank’s European Infrastructure Fund 5 and the Universities Superannuation Scheme, a UK pension scheme for university professors, agreed to buy the GIB, which was established in 2012 by the coalition government to fund green infrastructure projects. ...
Unite 'suspends' Len McCluskey challenger Gerard Coyne image
Source : BBC [Read Article] Thursday 20th of April 2017 03:06:15 PM
....Counting is due to be completed late on Friday with the result to be announced next week. The BBC's assistant political editor Norman Smith said Mr Coyne's supporters see his suspension as an attempt to "nobble" their candidate. ...
Green Investment Bank sold to Australian firm Macquarie image
Source : BBC [Read Article] Thursday 20th of April 2017 09:25:36 AM
....There was also a legal challenge lodged by a consortium that lost out to Macquarie. Included in the arrangements for the sale is the setting up of a new joint venture for financing offshore wind projects, along with another Macquarie infrastructure fund, and USS, the university staff pension fund. ...
UK gas and electricity customers face price rise double whammy image
Source : Guardian [Read Article] Thursday 20th of April 2017 05:59:19 AM
....David Atfield from London is facing a 38% hike to his electricity bill. The pensioner, whose annual electricity consumption is about a third of the national average, has been hit by a rise in nPower’s standing charge – the flat daily charge users pay to receive the supply. ...
Green Investment Bank to be sold off in £2.3bn deal image
Source : Guardian [Read Article] Wednesday 19th of April 2017 08:54:43 PM
....Macquarie has put up £1. 7bn to buy the bank, with a further £600m supplied in part by the UK-based Universities Superannuation Scheme, a pension scheme for university professors. ...
Government cap on energy prices would spark backlash | Nils Pratley image
Source : Guardian [Read Article] Wednesday 19th of April 2017 06:12:57 PM
.... Under Wright’s leadership, the committee has done what it’s supposed to do: selected a few juicy bones and chewed for all it’s worth. The grubby tale of Green’s sale of BHS to a thrice-bankrupt retailing novice was illuminated when the business committee, alongside Frank Field’s work and pensions committee, summoned the main players and called for documentary evidence. ...
BMW strike halts Mini car production image
Source : BBC [Read Article] Wednesday 19th of April 2017 09:08:17 AM
. Workers at three BMW plants in the UK are staging a one-day strike in a row over pensions. ...
PENSION CRISIS: Women LAGGING behind in huge pensions gap image
Source : Daily Express [Read Article] Wednesday 19th of April 2017 12:01:00 AM
.... . The average man has a pension pot worth £73,600, compared to an average of just £24,900 for women. ...
Brexit, PPI and high cost credit are top priorities for City watchdog image
Source : Guardian [Read Article] Tuesday 18th of April 2017 05:32:29 PM
.... “Firms will need to assess the impact that a changed relationship with Europe and any changes to the regulatory regime will have on their business models,” the FCA said. As well as supporting the government’s withdrawal from the EU, the FCA listed a number of other priorities for the coming year including alerting customers to the August 2019 deadline to lodge claims for payment protection insurance (PPI), protecting vulnerable customers, continuing to scrutinise high cost credit and looking at the way people save for pensions. ...
Did you lose your job when BHS went into administration? image
Source : Guardian [Read Article] Tuesday 18th of April 2017 04:44:09 PM
. The controversial collapse of the BHS department store chain last April, led to the loss of 11,000 jobs and left a pension deficit assessed at £571m. ...
£400BILLION: That’s the amount grandparents are going to pass on to the younger generation image
.... . Sir Steve Webb, a former pensions minister who is now director of policy at Royal London, said: "There is a wall of housing wealth set to cascade through the generations in the coming years. ...
Tata Steel merger with Thyssenkrupp under threat image
Source : Guardian [Read Article] Monday 17th of April 2017 12:36:06 PM
. The proposed merger between Tata Steel and the steel operations of Thyssenkrupp, which would secure the future of the Port Talbot steel works and a total of 8,000 UK jobs, is at risk because of complex negotiations around pensions and opposition from German trade unions. ...
Should you resist Lisa … out to lure you into saving for a property or retirement? image
.... Launched on 6 April the “Lisa” is similar to any other Isa, working as a tax-free wrapper around savings, and is available to everybody between 18 and 40. Critics of it claim savers risk giving up valuable employer pension contributions and being stung by hefty penalties if they quit the scheme early. ...
Higher interest rates. Great idea. Here’s why it won’t happen image
Source : Guardian [Read Article] Saturday 15th of April 2017 04:00:06 PM
....At the same time, higher interest rates will benefit ordinary investors. With a cute and cynical emphasis, the focus is on the ordinary investor because they can be said to be deserving of everyone’s support – especially those who put money aside in a pension. ...
Bernard Matthews seller 'lined own pockets' by rejecting pension offer image
. The former owners of Bernard Matthews “lined their own pockets” by rejecting a takeover offer that would have protected the turkey producer’s pension scheme in favour of an insolvency process that ensured a greater return for themselves, MPs have claimed. ...
BHS workers share £1m payout over failed redundancy process image
Source : Guardian [Read Article] Friday 14th of April 2017 06:59:27 AM
.... During his ownership, the Green family and other shareholders collected at least £580m from BHS in dividends, rental payments and interest on loans. Green recently resolved the long-running row over the hole in the BHS pension fund deficit by agreeing to hand over £363m in cash to rescue it. ...
Five pension tax mistakes that could hit YOUR nest egg image
Source : Daily Express [Read Article] Friday 14th of April 2017 06:01:00 AM
. The Treasury estimated pension changes introduced in 2015 would bring in £920million over the first two years of the policy, but HMRC has in fact pulled in double that at £2. ...
Drax investors rebel on bosses' pay image
Source : BBC [Read Article] Thursday 13th of April 2017 04:07:48 PM
...."We continue to see too many proposals that would bring a substantial increase [in pay], and we have to signal that we are not happy with that," he told the BBC. Meanwhile, Blackrock, the giant American investment fund, has told the chairmen of the UK's biggest companies they must stop making big payments when executives leave, and in lieu of pensions. ...
Royal Mail union warns of industrial action over pension scheme closure image
Source : Guardian [Read Article] Thursday 13th of April 2017 08:44:38 AM
. Unions have threatened to disrupt Royal Mail deliveries with possible strike action, after the company said it would close its defined-benefit pension plan next year. ...
Strike threat after Royal Mail closes pension scheme image
Source : BBC [Read Article] Thursday 13th of April 2017 07:32:05 AM
. Postal unions are threatening to ballot for industrial action after Royal Mail said it would close its defined benefit pension scheme in 2018. ...
Royal Mail plans to close defined benefit pension scheme next year image
Source : Independent [Read Article] Thursday 13th of April 2017 07:29:22 AM
Millions of Britons say property is their pension - but fifth yet to buy image
Source : Daily Express [Read Article] Wednesday 12th of April 2017 04:32:00 PM
. Almost half of 35-54 year olds say property will act as a pension, despite more than a fifth not being home owners, according to research from the Pensions and Lifetime Savings Association (PLSA). ...
Final salary pension warning: Savers risk ruining retirement with transfers image
Source : Daily Express [Read Article] Wednesday 12th of April 2017 03:24:00 PM
.... In many cases the transfer value isn't high enough to compensate for the guarantees that are given up. There is a large risk that cash could be put in investments that disappoint in the future, according to pension provider Hargreaves Lansdown. ...
Expert help for gardens on a budget, plus the older expats facing poverty image
Source : Guardian [Read Article] Wednesday 12th of April 2017 02:07:41 PM
....Government launches ‘market-leading’ savings account. The older expats facing poverty – thanks to Brexit and frozen pensions. ...
Living standards in UK fall for the first time since 2014 image
Source : Guardian [Read Article] Wednesday 12th of April 2017 12:14:56 PM
....7% – its joint lowest since 1975 – and job vacancies stood at 767,000. Damian Green, the work and pensions secretary, said: “This is yet another strong set of figures, with unemployment at a rate that hasn’t been beaten since the 1970s and more vacancies than ever before. ...
Students face sharp rise in interest on tuition loans image
Source : BBC [Read Article] Wednesday 12th of April 2017 11:02:18 AM
....The National Union of Student president, Malia Bouattia, said the rising levels of debt would cast a long financial shadow over young people's lives. "Graduates wanting to access the housing market, save and start pensions after university are already struggling to do so and this step will only disadvantage them further," she said. ...
Tesco full-year pre-tax profits hit by fine image
Source : BBC [Read Article] Wednesday 12th of April 2017 06:37:34 AM
....Tesco said the deal would improve its recovery plans. The supermarket giant's pension deficit more than doubled from £2. ...
The older expats facing poverty – thanks to Brexit and frozen pensions image
Source : Guardian [Read Article] Wednesday 12th of April 2017 06:00:27 AM
.... But thanks to the post-Brexit fall in the value of the pound, that time may soon come. When the 93-year-old second world war veteran and lecturer moved to Canada in 2001, she expected to live in modest comfort on her UK pension. ...
NS&I launches new market-leading investment bond with rate of 2.2 per cent image
Source : Daily Express [Read Article] Wednesday 12th of April 2017 12:01:00 AM
. But the NS&I bond is only available online which will put it out of the reach of many pensioners who count on the returns of their savings to supplement fixed income pensions. ...
Inflation rates puts squeeze on savers as UK is in the midst of a 'silent savings crisis' image
....”. Cox said the bond will still be popular because it is backed by the Treasury: “Unlike the NS&I pensioner bonds, launched in 2015, this is available to everyone aged 16 and over, with the offer open for a full year. ...
'Scant reward for savers!': New Government NS&I bond blasted by critics image
Source : Daily Express [Read Article] Tuesday 11th of April 2017 03:54:00 PM
....The account is also only available online at nsandi. com, which critics said will freeze out many pensioners without access to the internet. ...
Government launches ‘market-leading’ savings account image
Source : Guardian [Read Article] Tuesday 11th of April 2017 03:25:30 PM
....uk website said many savers will disappointed that state-owned NS&I, which once offered its products via the Post Office network, is now restricting this account to internet users only. “This could cut off access for those savers most in need of improved rates, including elderly pensioners who do not wish to use the internet,” she added. ...
Government 2.2% savings bond goes on sale image
Source : BBC [Read Article] Tuesday 11th of April 2017 08:00:16 AM
....". Two years ago, so-called pensioner bonds offered a return of up to 4%. ...
Meet the millennials making big money riding China's bitcoin wave image
Source : Guardian [Read Article] Tuesday 11th of April 2017 06:00:21 AM
.... With the growth of bitcoin and related products like his Coldlar wallet, Sun believes that in 10 years’ time, the value of the cryptocurrency will be “one bitcoin, one house in Beijing”. Minor shocks to the system, like the recent suspension of bitcoin withdrawals in China, are “just like breathing,” he insists, and the inhalations of profit dwarf any other bumps in the road. ...
How to boost your pension by £700 a year: The amazing simple trick for YOUR retirement image
. Employees in workplace pension schemes are automatically enrolled into default investment funds, which try to meet broad saving goals. ...
Fujitsu UK staff in fresh strike action image
Source : BBC [Read Article] Monday 10th of April 2017 11:53:50 AM
. Staff at Japanese electronics firm Fujitsu are to take further strike action in the UK as part of a dispute over cuts to jobs and pensions. ...
Tesco to report a return to financial health image
Source : Guardian [Read Article] Sunday 9th of April 2017 04:14:41 PM
.... There was evidence of this programme last week when Tesco said 3,000 jobs were at risk as part of a shakeup that involves cutting night shifts for shelf stackers in some of its biggest supermarkets. On Wednesday investors will also be looking for an update on the retailer’s pension fund after last autumn’s admission the deficit had ballooned to £5. ...
Property’s equity can help your loved ones image
Source : Daily Express [Read Article] Sunday 9th of April 2017 12:01:00 AM
....” . As people live longer and face a retirement savings shortfall, Waterson says equity release will become even more popular: “Those in retirement are typically ‘asset rich, cash poor’, because housing values have risen much faster than pensioner incomes. ...
Greek gloom as economy stalls amid latest bout of EU wrangling image
Source : Guardian [Read Article] Saturday 8th of April 2017 03:00:05 PM
....Two years short of a decade in freefall, and with little prospect of recovery, the nation has succumbed to protest fatigue. With the exception of pensioners – the great losers in Greece’s assault by austerity – anger has been replaced by malaise, the lassitude that strikes when loss becomes commonplace. ...
‘I’m not asking you to put on an act’ – our work expert responds image
....The area I live in is economically depressed and jobs paying the living wage seem to be few and far between. I am sliding into a lifetime of being “just about managing” with a very poor pension at the end of it. ...
Greece agrees basic terms to unlock delayed bailout image
Source : BBC [Read Article] Friday 7th of April 2017 03:14:32 PM
.... . The main elements in the latest agreement are commitments to reduce spending on pensions from 2019 and to collect more income tax from 2020 by lowering the tax-free threshold. ...
My week as an Uber courier: my bike got stolen, but I kept my five-star rating image
.... A committee of MPs last week criticised Uber for creating “gibberish” and “almost unintelligible” contracts to ensure that its drivers remained self-employed. Frank Field, chair of the work and pensions select committee in the UK, which is carrying out an investigation into the sector, published full details of contracts at Uber, the takeaway courier firm Deliveroo and Amazon. ...
WARNING: Free bank accounts to END, warns IMF in yet ANOTHER blow to hard-working Britons image
....The IMF sounded the alarm on low growth, low productivity and low interest rates linked to ageing populations. Officials said demographic changes in the likes of Britain, Europe and the US are likely to mean the end of generous final salary pension schemes and higher demand for health insurance plans. ...
Unilever bins Flora – but butters up its shareholders | Nils Pratley image
Source : Guardian [Read Article] Thursday 6th of April 2017 06:21:41 PM
.... In a better (but not good) year for BP, Dudley is getting 40% less, in part because the pay committee remembered it is allowed to use discretion to tweak bonuses. From now on, the theoretical maximum Dudley can earn before pension payments is $15. ...
Pension freedoms: Thousands of savers charged emergency tax – are YOU owed money back? image
. It is thought hundreds of thousands of people could be owed a typical £3,099 after being shifted on to emergency tax codes when making withdrawals from saving pots, according to pension provider AJ Bell. ...

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