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....The two companies have been in talks to combine their European operations since Tata abandoned plans to sell its UK steel business last year, safeguarding the immediate future of the Port Talbot steelworks in south Wales. A major hurdle to the merger was removed last month, when Tata reached an agreement over its £15bn pension scheme. ... [Read full article on Guardian ]
Wednesday 20th of September 2017 07:49:04 AM
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.... . Partners come with financial baggage in the form of pensions, property and investments, which must be handled carefully. ... [Read full article on Daily Express ]
Wednesday 20th of September 2017 09:31:00 AM
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. The former owner of BHS has told a court he did not receive demands for information from the pensions watchdog as he was “offshore on a boat”. ... [Read full article on Guardian ]
Wednesday 20th of September 2017 04:59:34 PM
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Latest Finance News related to Pension

B&Q owner Kingfisher won't let its European DIY firms do their own thing | Nils Pratley image
....Second, joint ventures make the politics messier. UK unions want assurances that ThyssenKrupp’s pension liabilities will be ring-fenced “with a cast-iron guarantee that UK steelworkers will never fund German pensions”. ...
Former BHS owner didn't get summons as was 'on a boat' image
Source : Guardian [Read Article] Wednesday 20th of September 2017 04:59:34 PM
. The former owner of BHS has told a court he did not receive demands for information from the pensions watchdog as he was “offshore on a boat”. ...
Why you should check your finances before getting married in later life image
Source : Daily Express [Read Article] Wednesday 20th of September 2017 09:31:00 AM
.... . Partners come with financial baggage in the form of pensions, property and investments, which must be handled carefully. ...
Tata Steel to merge European operations with ThyssenKrupp image
Source : Guardian [Read Article] Wednesday 20th of September 2017 07:49:04 AM
....The two companies have been in talks to combine their European operations since Tata abandoned plans to sell its UK steel business last year, safeguarding the immediate future of the Port Talbot steelworks in south Wales. A major hurdle to the merger was removed last month, when Tata reached an agreement over its £15bn pension scheme. ...
Government backs tighter rules on takeover of UK companies image
Source : Guardian [Read Article] Tuesday 19th of September 2017 06:21:29 PM
.... He said these would “set out further measures to safeguard national security, while ensuring the UK remains a global champion of free trade and investment”. Under rules introduced in 2011 after the much-criticised takeover of Cadbury by Kraft, which resulted in a factory being closed despite promises to the contrary, bidders must already make clear their plans for the target business, its employees and pension scheme. ...
Why were HBOS auditors cleared? We need a full explanation | Nils Pratley image
Source : Guardian [Read Article] Tuesday 19th of September 2017 02:52:10 PM
.... The panel wants to know about research and development plans, where the headquarters will be, and the make-up of the workforce. That, in theory, will give pension fund trustees and trade unions more power to air any protests. ...
Public inquiry needed into UK's £200bn debt crisis, say senior MPs image
Source : Guardian [Read Article] Tuesday 19th of September 2017 12:50:07 PM
....The chairs of two powerful parliamentary committees have urged the government to set up an independent public inquiry into the £200bn of debt amassed by households. The call by Rachel Reeves, the Labour chair of the business select committee, and Frank Field, the Labour head of the work and pensions select committee, comes as the Conservative-led Treasury select committee plans to hold meetings around the country to examine the impact of debt on individuals and households. ...
'They just kept topping it up' – how one credit card user fell £28,000 in debt image
.... He’s taking no responsibility for them,” she said. Rather than go into bankruptcy – risking her pension – Tracy is using a voluntary payment package with the help of Citizens Advice that helped to drop the interest on her borrowing. ...
British expats face 'cliff edge' in pensions and insurance after Brexit image
Source : Guardian [Read Article] Sunday 17th of September 2017 11:01:53 PM
. The chair of an influential parliamentary committee is calling for urgent action to ensure that British pensioners living in Spain or other EU countries do not find their payments stopped after Britain leaves the EU in 2019. ...
Have you got a FORGOTTEN pension? £400 MILLION of unclaimed savings – find YOURS now image
. It means many savers could boost their wealth by claiming a pot from a previous employer or old personal pension scheme. ...
Why you should invest your money both in Britain and overseas image
Source : Daily Express [Read Article] Sunday 17th of September 2017 01:55:00 PM
....Another reason to stand by the UK is that it is a truly global economy, with FTSE 100 companies generating more than three quarters of their earnings overseas. “Buy British, get global,” he says, adding that you need to examine where your pensions and Isas are invested to know how much exposure you have to the UK and other countries. ...
Former BHS owner could face fine if the charges stick image
Source : Guardian [Read Article] Sunday 17th of September 2017 09:31:18 AM
....Brighton magistrates court will be the venue this week for the latest chapter in the ongoing saga surrounding the collapse of BHS. Dominic Chappell, the former owner of the company, is to be prosecuted by the pensions watchdog for failing to give information for an investigation into its sale. ...
The eurozone may be back on its feet. But is Greece? image
Source : Guardian [Read Article] Saturday 16th of September 2017 03:00:15 PM
....”. Ever since Athens’s debt crisis exploded, successive governments – hit by fury over pay cuts, pension reductions and tax rises – have tried to claw back support by resorting to a narrative of recovery and success. ...
The elderly could do with a national wealthcare service image
Source : Guardian [Read Article] Saturday 16th of September 2017 06:00:04 AM
....She knows she’s vulnerable. Her husband collected his state pension from the post office for 23 years. ...
Sports Direct challenged by MPs over claims it underpays couriers image
Source : Guardian [Read Article] Thursday 14th of September 2017 01:32:43 PM
....MPs on two parliamentary select committees have challenged Sports Direct over claims it is deliberately under-paying couriers by mislabeling heavy items, including bicycles, as lightweight packets to avoid paying the fair delivery cost. Frank Field, Labour MP and chair of the Commons work and pensions select committee, said he had written to Mike Ashley, the billionaire Sports Direct founder, to demand answers following concerns raised by a whistleblower at delivery company Hermes. ...
Britons retiring abroad to get help with living costs after Brexit image
Source : Daily Express [Read Article] Wednesday 13th of September 2017 09:49:00 AM
. UK negotiators have agreed to continue paying and uprating state pensions to UK citizens living in EU countries, an industry expert said. ...
Ex-ITV chief Adam Crozier appointed as Vue International chair image
Source : Guardian [Read Article] Wednesday 13th of September 2017 05:00:03 AM
....“I have watched the development and growth of Vue International with great interest and am excited to be joining the group to play an active role in furthering their future ambitions,” said Crozier, who takes up his new role with immediate effect. Vue is owned by two of Canada’s largest pension funds – Omers Private Equity and Alberta Investment Management – which acquired the group from UK-based private equity investor Doughty Hanson for £935m in 2013. ...
Hammond eases public sector pay cap, but the squeeze goes on image
Source : Guardian [Read Article] Tuesday 12th of September 2017 06:22:02 PM
....Philip Hammond’s re-emergence as a power in the cabinet can be seen clearly as the battle rages inside government over the thorny question of public sector pay. There may have been a green light from No 10 to rip up the current cap and give the police and prison officers a 1% rise plus a 1% bonus for 2017-18, but the Treasury has made sure the bonus is not part of workers’ consolidated, pensionable pay and is funded from within existing budgets. ...
UK cost-of-living crisis grows as dearer imports push inflation to 2.9% image
Source : Guardian [Read Article] Tuesday 12th of September 2017 09:36:14 AM
....Mortgages are a good example of how borrowing can be advantageous - annual inflation of 10% over seven years halves the real value of a mortgage. On the other hand, pensioners, who depend on a fixed income, watch the value of their assets erode. ...
UK prices rising faster than wages as forecasters predict inflation at 2.8% image
Source : Guardian [Read Article] Monday 11th of September 2017 05:01:04 AM
....Mortgages are a good example of how borrowing can be advantageous - annual inflation of 10% over seven years halves the real value of a mortgage. On the other hand, pensioners, who depend on a fixed income, watch the value of their assets erode. ...
There is no Brexit ‘punishment’, apart from the self-inflicted one image
Source : Guardian [Read Article] Sunday 10th of September 2017 06:00:29 AM
.... The UK had undertaken in 2014 to pay its 14% share of “all our [EU] expenses” for the next seven years. As the Financial Times pointed out last Tuesday: “The EU commission … is clearly right that the UK should pay its share of budget commitments that have already been signed off, and agree in principle to cover pension liabilities. ...
NHS cuts and public sector pay: will there be a ‘winter of discontent’? image
Source : Guardian [Read Article] Saturday 9th of September 2017 08:30:17 PM
.... A fifth of recipients on universal credit are not being paid in full within six weeks. Frank Field, the chairman of the work and pensions select committee, said: “The idea of making people wait six weeks, and sometimes longer, for their benefit to be paid is made to look increasingly questionable by each bleak new piece of evidence on universal credit. ...
Tory EU migration crackdown plans: the key questions answered image
Source : Guardian [Read Article] Saturday 9th of September 2017 03:00:11 PM
.... Young people in work contribute, on average, much more in taxes than they take out in benefits and public service spending. He wrote in a blog: “A large part of what government does is to take money from young workers and give it to pensioners. ...
How your pension pot can help claw back lost child benefit image
Source : Guardian [Read Article] Saturday 9th of September 2017 06:00:00 AM
. Thousands of families are failing to take advantage of a little-known quirk in the tax rules which means that paying more into your pension gives you more child benefit. ...
Richard Desmond poised to sell Express and Star to Trinity Mirror image
Source : Guardian [Read Article] Friday 8th of September 2017 07:32:26 AM
....The two companies held talks about a potential deal over two years ago. The negotiations fizzled out, however, over disagreements about price and the pension deficit at Desmond’s paper. ...
Downsizing: Over 55s fear being unable to afford present homes after retirement  image
Source : Daily Express [Read Article] Friday 8th of September 2017 12:01:00 AM
.... . "With the average amount of equity raised likely to be just over £100,000, and with many other demands on this cash - such as helping children, paying off debts and putting money aside to pay for care in the future - it is clear that for most people the best way to fund retirement is through saving as much into a pension as early as possible in their working lives. ...
British Airways risks strike action over plans to curb pension benefits image
Source : Guardian [Read Article] Thursday 7th of September 2017 06:31:34 PM
. British Airways could face further industrial action, this time over plans to curb retirement benefits for 17,000 pension scheme members, a move unions say would have consequences for the carrier. ...
Top destinations for expats in 2017 REVEALED - you'll never guess which country took top  image
.... . Furthermore, British expats are, on average, almost eight years older than their international counterparts, with pensioners being the largest demographic from the UK seeking to live abroad. ...
This simple pension trick could boost YOUR child benefits by £536 a year image
Source : Daily Express [Read Article] Wednesday 6th of September 2017 03:51:00 PM
.... These households face a high income child benefit charge that wipes out some or all of the value of the payment on a sliding scale. However, people can increase their pension contributions to lower income and pay a smaller charge. ...
Parents urged to save THOUSANDS to cope with cost of bringing up children  image
Source : Daily Express [Read Article] Wednesday 6th of September 2017 11:14:00 AM
....com, the personal finance website Atkinson said young parents must also remember to write a will. He added: “You also have to save for your own future as well, including a pension. ...
Autumn Budget 2017 Date & Predictions: Stamp duty & pensions could be hit by Hammond image
....The speech will likely be at lunchtime after Prime Minister's questions on a Wednesday. It's thought stamp duty could be set for a shake-up in the Budget, alongside key pension changes. ...
Can I buy a house for my mum to live in rent-free? image
Source : Guardian [Read Article] Monday 4th of September 2017 09:26:14 AM
....In addition, to be eligible for a regulated buy-to-let mortgage Niche Advice says the key criteria are:. • a minimum income of £25,000 excluding state pension and other benefits. ...
Robots and AI can bring down pension age, says TUC image
Source : Guardian [Read Article] Sunday 3rd of September 2017 11:01:03 PM
. The TUC has urged the government to use productivity gains from the greater use of robots and artificial intelligence to reverse planned changes to the state pension age. ...
HSBC heads off complaints over small business account closures image
Source : Guardian [Read Article] Sunday 3rd of September 2017 06:47:51 PM
....5 years as a @HSBC_UK business customer, I’m utterly disgusted at the way we’ve been treated. No notification of account suspension. ...
Look under the bonnet and the US economy is in for a rough ride | Phillip Inman image
.... One that targets those who are currently hoarding their winnings from the postwar boom. That puts baby boomers firmly in the frame along with their gains from property and pensions. ...
How to make studying for a degree work for you image
Source : Guardian [Read Article] Saturday 2nd of September 2017 06:00:07 AM
.... Sorry. But you will have a small credit towards building up your entitlement to a state pension which, if you are a student today, will probably be paid once you reach 87, or thereabouts. ...
Former Provident Financial chief forfeits £4m after profit warning image
Source : Guardian [Read Article] Friday 1st of September 2017 05:56:36 PM
....Peter Crook, who presided over an ill-fated radical change to the company’s century-old business model, will give up cash, shares and benefits, some as part of a voluntary agreement and some thanks to a decision taken by senior figures at the company. He agreed to give up pay, pension and benefits, worth at least £1m according to the company’s annual report, that would have been due for his contractual notice period of a year. ...
Sports Direct workers invited to press sad or happy emoji clocking in image
Source : Guardian [Read Article] Friday 1st of September 2017 03:33:38 PM
....Turner described the survey as “a bogus exercise to gloss over past failures and some of the problems” which he said still persisted at the warehouse. Frank Field, the Labour MP who chairs of the work and pensions select committee, said an anonymous feedback system would be better. ...
Cash ISAs 2017: Savings accounts plunge amid low rates as Britons turn to investments image
....". Steven Cameron, pensions director at Aegon, added: “A combination of low interest rates and rising inflation is taking its toll, deterring savers from putting money into cash ISA savings. ...
Sir Philip Green threatening legal action against Frank Field MP image
Source : Guardian [Read Article] Thursday 31st of August 2017 08:44:05 PM
. Sir Philip Green has threatened the MP Frank Field with legal action after the Labour politician claimed to have seen leaked details of the official investigation into the BHS pension crisis. ...
Aberdeen joins councils raising money by selling bonds as cuts bite image
Source : Guardian [Read Article] Thursday 31st of August 2017 05:27:32 PM
.... In the late 1980s, Hammersmith and Fulham council west London, bet on derivatives in a scandal that led to authorities being banned from such activities. Many councils’ pension funds have paid advisers, but Aberdeen is believed to be among the first to hire a standing panel of economists. ...
Popularity of cash Isas collapses in space of year image
Source : Guardian [Read Article] Thursday 31st of August 2017 04:58:49 PM
....Financial advisers Salisbury House Wealth said savers were “cottoning on to the fact that cash Isas offer very poor value”. Steve Webb, a former pensions minister and now director of policy at insurer Royal London, said the data showed that “the shine has really come off” the accounts. ...
Pension warning: Retirees are making this BIG mistake with income drawdown policies image
. The number of people choosing the policies has trebled since pension freedoms were introduced in 2015, according to provider Aegon. ...
Slowdown in consumer credit growth spells trouble for UK economy | Phillip Inman image
....But for much of Asos’s existence, the difference has been more stark in the relative employment practices. Where M&S paid a decent wage and offered one of the most generous non-final salary pension schemes, according to the Community union many Asos warehouse workers were employed by the agency Transline on “unacceptable” pay rates and with few benefits. ...
REVEALED: State pension losers and winners from major National Insurance changes  image
Source : Daily Express [Read Article] Wednesday 30th of August 2017 03:58:00 PM
. Some of the worst affected will be Britain's lowest earners, who are set to see the cost of building up access to the full state pension quadruple from £2. ...
Annuities still rate highly despite many taking advantage of their new pension freedoms image
. From April 2015, pension freedom reforms liberated savers from the obligation to buy an annuity. ...
Credit card lenders 'targeting people struggling with debt' image
Source : Guardian [Read Article] Tuesday 29th of August 2017 11:01:11 PM
....People with credit card debts were also more likely to get into long-term debt than those with personal loans, and were less able to pay their debt down. One pensioner helped by the charity was repeatedly called by firms offering more credit cards, despite the fact that she could only afford to make minimum repayments on her existing debts. ...
Should companies be forced to put workers on boards? | Frances O’Grady and Sam Bowman image
.... It also meant that the board could not properly oversee the CEO’s actions – “it just killed the board as a place of proper discussion”, said one former supervisory board member. The evidence suggests that these rules have made German firms 27% less valuable to their shareholders, which in Britain would represent a loss to pension funds and other shareholders of hundreds of billions of pounds. ...
Pension deficit of UK's leading companies equivalent to 70% of their profits image
. The combined pension deficit of FTSE 350 companies has risen to £62bn, accounting for 70% of their profits. ...
Santorini's popularity soars but locals say it has hit saturation point image
Source : Guardian [Read Article] Monday 28th of August 2017 03:07:24 PM
....In the Denaxas supermarket up the road, Maria Valari, a longtime employee, insists that without help from the Greek Orthodox Church and local community some would struggle to survive at all. “There are cases of older Greeks with no pensions, nothing,” she says. ...
Pensions news: Five more years of work could BOOST retirement incomes by £50,000 image
....Analysis suggests that for those in good health it pays to remain in employment, with retirement incomes boosted by two-thirds. Those who have built up a private savings fund of £105,496 by paying in £355 a month by the age of 65 can buy an annuity to give them a monthly pension of £457, according to figures prepared for the insurer Aegon. ...
Lessons on austerity from all over Europe | Letters image
Source : Guardian [Read Article] Sunday 27th of August 2017 04:48:15 PM
....Many of the anti-austerity policies that have led to a revival of Portugal’s economy (The lie is nailed – there is an alternative to austerity, 24 August) did not actually originate from the Socialist government, but from conditions set by radical leftwing and green parties to enable the Socialists to govern after they failed to win a majority in the 2015 national elections. Among demands by the Communists, Left Bloc and Greens were the reversal of privatisation, a swift elimination of salary and pension cuts, and a substantial increase in the national minimum wage. ...
Cyber crime reaching epidemic proportions as fraud becomes most common crime in UK image
.... . The scammers can plunder your bank account, spend on your credit card, steal your identity or drain your pension to enrich themselves at your expense. ...
Millions of Brits sitting on forgotten pension pots worth £800bn image
Source : Daily Express [Read Article] Sunday 27th of August 2017 12:01:00 AM
. There are approximately five million deferred members of defined benefit funds – people with money in a former employer’s scheme – and Royal London says that many of them have no idea what their pension would be worth as a lump sum. ...
Ethical investment funds: Five-minute guide to moral money management  image
Source : Daily Express [Read Article] Sunday 27th of August 2017 12:01:00 AM
.... . Richard Eagling, head of pensions and investments at MoneyFacts, says the traditional view that ethical investing requires a financial sacrifice now looks outdated: “Ethical funds have more than held their own recently, performance-wise. ...
Firms facing revolt over executive pay to be named on public register image
Source : Guardian [Read Article] Saturday 26th of August 2017 11:01:49 PM
....She later spoke of how many voters saw “the emergence of a new global elite who sometimes seem to play by a different set of rules and whose lives are far removed from their everyday existence”. Chris Cummings, chief executive of the Investment Association, said that its members, who manage the pensions of 75% of UK households, believe that not all company boards that receive big shareholder dissent are currently doing enough to address investor concerns. ...
Sir Philip Green's retail empire agrees to pay £30m to BHS creditors image
Source : Guardian [Read Article] Friday 25th of August 2017 01:05:05 PM
....The settlement avoids the prospect of the retail billionaire fighting a lengthy legal battle over the demise of BHS. Green avoided another legal battle with the pension regulator by agreeing to pay £363m to rescue the BHS pension scheme. ...
Samsung heir sentenced to five years in jail after corruption conviction image
.... In return, Lee allegedly sought government approval for the $8bn merger of two Samsung affiliates in 2015 – a move that would cement his control of the Samsung group. The merger was opposed by many shareholders, but went through after it was approved by the national pension fund, a major Samsung shareholder. ...
Inside the gig economy: the 'vulnerable human underbelly' of UK's labour market image
....Couriers begin to earn money only once they have delivered their first parcel of the day, and drivers only once a first passenger has been allocated (no mean feat given the trends detailed above), picked up and then dropped off at their destination. ​I am treated as an employee – in fact, worse – but with no holiday or sick pay, no security and no pension. ...
Protect the elderly: Crackdown on pensions cold calling must be priority, says ex-minister image
. More pensioners have been tricked out of their life savings after major changes allowed people to access their retirement cash. ...
UK is briefly in the black – but fixing the public finances will take time | Larry Elliott image
.... The 66-year-old American was chief executive when the high street lender was up to its neck in the protection payment insurance scandal, the mis-selling of which has so far cost Lloyds £18bn in compensation. He left the bank with a £5m pension pot in 2011 but, as the PPI bills mounted, had a £1. ...
Ex-BHS owner Dominic Chappell prosecuted by pensions regulator image
Source : Guardian [Read Article] Tuesday 22nd of August 2017 11:38:09 AM
. Dominic Chappell, the former owner of BHS, is to be prosecuted by the pensions watchdog for failing to provide information for an investigation into its sale. ...
Former Lloyds boss Eric Daniels sues bank for withheld bonuses image
Source : Guardian [Read Article] Tuesday 22nd of August 2017 11:22:18 AM
....Daniels, who was heavily criticised by politicians during his tenure at Lloyds, has filed a legal claim to try to collect some of his bonus payments that were withheld by the bank. He is thought to be suing Lloyds, which he left in 2011 with a £5m pension pot, for as much as £500,000 in unpaid bonuses due in 2012. ...
'I use food banks' – workers on the impact of the pay squeeze image
Source : Guardian [Read Article] Tuesday 22nd of August 2017 06:00:14 AM
.... I have learned to budget more over time while my living costs have noticeably increased and my income stayed static. I have had to reduce my pension payments that should have increased incrementally over time. ...
Flood damage repair: Leak victim is now home and dry image
Source : Daily Express [Read Article] Monday 21st of August 2017 03:32:00 PM
....However in order to sort her claim, the leak that had latterly emerged had to be dealt with - and paid for. The insurer quoted her £890, but the pensioner strongly disagreed. ...
How YOUR pension has HALVED over the last 10 years, shock new figures image
Source : Daily Express [Read Article] Monday 21st of August 2017 01:30:00 PM
....Calculations by financial services giant Fidelity have revealed today’s retirees have ben hit by a triple blow of falling real wages, lower market returns and reduced income from annuities. People finishing work this year will typically have saved pension pots that are £40,000 lower on average than someone in 2007, according to Fidelity. ...
Pension cold-calling ban to include texts and emails in effort to tackle fraud image
. A ban on cold-calling by pension companies will include texts and emails, the government has announced, as it cracks down on scammers who target savers’ retirement funds. ...
There are now more than 1,000 tax relief schemes. Give us a break image
Source : Guardian [Read Article] Sunday 20th of August 2017 06:00:35 AM
.... Brown clamped down on this “double dipping” – effectively claiming tax relief twice on the same production – in 2004, after it became clear it was being abused. There are still tax reliefs for the British film industry and they make up just a few of the estimated 1,140 schemes offered by HMRC on everything from plant and machinery to pension saving. ...
Government to ban all cold calling on pensions in crackdown on multimillion-pound scams image
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Related to :
Seven ways to cut the cost of Britain’s rail tickets image
Source : Guardian [Read Article] Saturday 19th of August 2017 02:59:16 PM
....Reducing the subsidy has chimed with the austerity imposed by governments since 2010, but campaigners say the balance has tipped too far. One demand is that at the very least fare increases should be in line with the CPI inflation measure, which the government prefers when it comes to paying pensions and benefits. ...
Here’s help to decide which of two Isas is the best to buy into image
Source : Guardian [Read Article] Saturday 19th of August 2017 06:00:06 AM
.... The penalty applies except in the case of terminal illness or death. For most people the “Lisa” is better for saving towards a pension rather than for a first-time house buy. ...
Inheritance tax: How death duty could hit YOUR family  image
Source : Daily Express [Read Article] Friday 18th of August 2017 04:24:00 PM
....Families have been urged to take simple steps to protect estates from the taxman. Mr Connor added: "There are a host of simple planning measures that can save a fortune in inheritance tax such as getting your will in order, keeping funds inheritance tax safe in your pension, moving your ISAs to inheritance tax-free options or just giving away your excess assets while you’ve still got at least seven more years on the clock. ...
Government faces fresh criticism over Green Investment Bank sell-off image
Source : Guardian [Read Article] Friday 18th of August 2017 01:05:09 PM
....A consortium led by Macquarie agreed to buy the GIB, which was established in 2012 by the coalition government to fund green infrastructure projects such as windfarms and a waste and bioenergy power plant. The consortium also includes Macquarie’s in-house infrastructure fund and the Universities Superannuation Scheme, a pension fund for British higher education institutions. ...
What I wish I could tell my boss: 'You take money from people who have the least' image
....But of course you won’t leave. To resign you’d have to set aside your salary – paid at multiples of the people you manage; you’d have to forego the pension benefits you have cut from your staff; you’d have to face up to the fact that you are making a profit out of our community’s suffering. ...
PENSION WARNING: How inflation ravages YOUR retirement income by hundreds of pounds image
....6 per cent, according to calculations by Retirement Advantage. Increases in the cost of living tend to hit oldest people hardest because they are reliant on fixed pension income, which has spending power slowly eroded by inflation. ...

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