Topic filter : Retirement

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....However, Labour and charities were quick to condemn the plans, with the shadow work and pensions secretary, Debbie Abrahams, describing them as “anything but fair”, and arguing that many pensioners faced a “toxic cocktail” of ill-health long before they reached 68. Labour said in its manifesto it would not implement the Cridland proposals, and would instead consult on varying retirement ages. ... [Read full article on Guardian ]
Wednesday 19th of July 2017 01:44:22 PM
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....Dividends are received by owners of shares in companies. The payments by publicly listed companies are crucial to major investors such as pension funds, which need continuous streams of income, as well as rising share prices, in order to fund retirement schemes. ... [Read full article on Guardian ]
Monday 17th of July 2017 06:01:43 AM
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....John Walker was on a river cruise through Bangkok with his husband when he heard the supreme court was finally about to end his 11-year legal battle. After a tortuously slow campaign to secure another landmark moment in the march towards equality, he had just 10 days to race back to London and prepare for the outcome to which he has dedicated his retirement. ... [Read full article on Guardian ]
Monday 17th of July 2017 06:00:43 AM
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....As Tim Colebatch has noted, the census found that the falls in ownership are most pronounced among the younger cohorts – confirming a study by the Grattan Institute in 2014, which concluded that older Australians were the ones who benefitted the most from the mining boom years. Where the declining ownership chickens come home to roost however is in retirement. ... [Read full article on Guardian ]
Tuesday 18th of July 2017 12:42:11 AM
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. The official retirement age is now due to rise to 68 by 2039, impacting around 7million people in their thirties and fourties, the new Secretary of State for Work and Pensions David Gauke revealed. ... [Read full article on Daily Express ]
Wednesday 19th of July 2017 01:45:00 PM
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....5 per cent year. The growing cost of retirement payouts will have to be paid by either pushing back the official retirement age, or through lowering the welfare of working age people, according to the politician whose reappointment as chair of the pensions committee was confirmed this week. ... [Read full article on Daily Express ]
Friday 14th of July 2017 05:36:00 PM
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....Lottery illusion . Too many people view their pension as free cash or even a lottery win and Stephen Lowe, group communications director at retirement specialists Just, says they risk throwing it all away. ... [Read full article on Daily Express ]
Sunday 16th of July 2017 02:14:00 PM
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....However all options for saving money remain on the table for Labour, including means-testing. This could see wealthy pensioners, and those that have built up some retirement funds of their own by saving diligently throughout their working lives, lose the right to a state pension at all. ... [Read full article on Daily Express ]
Thursday 20th of July 2017 01:40:00 PM
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Latest Finance News related to Retirement

Jeremy Corbyn could rip away YOUR state pension: Labour set to 'means-test' key benefit image
....However all options for saving money remain on the table for Labour, including means-testing. This could see wealthy pensioners, and those that have built up some retirement funds of their own by saving diligently throughout their working lives, lose the right to a state pension at all. ...
State pension benefits rich and UNFAIR on ill or manual workers, says ex-pension minister image
. People who paid years of national insurance contributions but don't live until or long after retirement age unfairly miss out on income under the current system, blasted the pension expert. ...
State pension age rises: Will changes affect you? Everything you need to know image
Source : Daily Express [Read Article] Wednesday 19th of July 2017 02:42:00 PM
. The official retirement age will rise to 68-years-old by 2039, seven years earlier than previously planned, as part of plans outlined by the new Secretary of State for Work and Pensions David Gauke. ...
Forced to work until you are 68! State pension age rise brought forward SEVEN years image
. The official retirement age is now due to rise to 68 by 2039, impacting around 7million people in their thirties and fourties, the new Secretary of State for Work and Pensions David Gauke revealed. ...
State pension age to increase seven years earlier than planned image
Source : Guardian [Read Article] Wednesday 19th of July 2017 01:44:22 PM
....However, Labour and charities were quick to condemn the plans, with the shadow work and pensions secretary, Debbie Abrahams, describing them as “anything but fair”, and arguing that many pensioners faced a “toxic cocktail” of ill-health long before they reached 68. Labour said in its manifesto it would not implement the Cridland proposals, and would instead consult on varying retirement ages. ...
If home ownership continues to shrink, the retirement system is in trouble | Greg Jericho image
....As Tim Colebatch has noted, the census found that the falls in ownership are most pronounced among the younger cohorts – confirming a study by the Grattan Institute in 2014, which concluded that older Australians were the ones who benefitted the most from the mining boom years. Where the declining ownership chickens come home to roost however is in retirement. ...
Investors received record-breaking dividends in 2017, research shows image
Source : Guardian [Read Article] Monday 17th of July 2017 06:01:43 AM
....Dividends are received by owners of shares in companies. The payments by publicly listed companies are crucial to major investors such as pension funds, which need continuous streams of income, as well as rising share prices, in order to fund retirement schemes. ...
The man who won a landmark legal battle for same-sex pension rights image
Source : Guardian [Read Article] Monday 17th of July 2017 06:00:43 AM
....John Walker was on a river cruise through Bangkok with his husband when he heard the supreme court was finally about to end his 11-year legal battle. After a tortuously slow campaign to secure another landmark moment in the march towards equality, he had just 10 days to race back to London and prepare for the outcome to which he has dedicated his retirement. ...
Pension planning: Avoid these costly mistakes with your savings  image
Source : Daily Express [Read Article] Sunday 16th of July 2017 02:14:00 PM
....Lottery illusion . Too many people view their pension as free cash or even a lottery win and Stephen Lowe, group communications director at retirement specialists Just, says they risk throwing it all away. ...
Gig economy: Financial advice for the self-employed  image
Source : Daily Express [Read Article] Sunday 16th of July 2017 12:01:00 AM
.... . Last week the Government-backed Taylor Review of modern working practices reported on how to protect workers in the gig economy and help them save for retirement, but there are no easy answers. ...
Retirement age MUST rise or young families pay the price, pension committee head warns image
....5 per cent year. The growing cost of retirement payouts will have to be paid by either pushing back the official retirement age, or through lowering the welfare of working age people, according to the politician whose reappointment as chair of the pensions committee was confirmed this week. ...
Pension changes: Anger as workers hit with 'OUTRAGEOUS' tax hikes  image
Source : Daily Express [Read Article] Thursday 13th of July 2017 03:42:00 PM
....". Tom Selby, senior analyst at AJ Bell, added: “Today’s news will come as a bitter blow to thousands of retirees who have used the pension freedoms to access some of their retirement pot from age 55. ...
People who receive financial advice could end up around £40,000 better off image
Source : Daily Express [Read Article] Wednesday 12th of July 2017 06:44:00 PM
....A separate report from the Financial Conduct Authority (FCA) on Wednesday said that a lack of consumer trust in pensions can sometimes result in consumers paying too much tax, missing out on investment growth or losing out on other benefits. Sir Steve Webb, a former pensions minister who is now director of policy at Royal London, said: “Financial advice need not be the preserve of the better off but can make a real difference to the quality of life in retirement of people on lower incomes as well. ...
PENSION WARNING: Savers accessing pots early falling into ‘disastrous’ tax trap image
....Accessing savings early has become the "new norm" since reforms were introduced in 2015, an interim review of the market by the Financial Conduct Authority (FCA) found. However, more than one out of two people fully withdrawing pension pots are simply putting the cash into alternative savings products, which can often leave savers with unnecessary tax bills and poor interest rates, according to the regulator's study of retirement income. ...
FCA warns it may intervene as millions take pension cash early image
Source : Guardian [Read Article] Wednesday 12th of July 2017 12:33:01 PM
.... The regulator warned that early intervention may be needed to ensure this multibillion-pound market worked well. The FCA’s study of the retirement market also found that in more than half of the cases where all the money was taken out of a pension pot, the cash was not spent on cars or holidays, etc; instead it was shifted into other savings or investments, partly because of a “mistrust of pensions”. ...
Retiring abroad: How can I cut the costs of moving away in later life? image
Source : Daily Express [Read Article] Tuesday 11th of July 2017 11:18:00 AM
....For example, if you’re looking for an alternate south of France, consider Languedoc Roussillon, where the price tag is nowhere near as extravagant as the Côtes D'Azur but the weather and beaches are just as amazing. Whatever location you end up choosing, an easy way of saving money on your overseas retirement is to cut costs in currency transfers. ...
Bank of England warns it will go after firms looking to mask risks image
Source : Guardian [Read Article] Monday 10th of July 2017 04:03:22 PM
.... While that makes monthly repayments lower it means the total interest is higher, with final amounts due when the customer may have retired. “That should not be a problem if lenders can be confident about the availability of such retirement income, or about the scope for the borrower to downsize and use the sale proceeds to pay off the balance of the loan,” he said. ...
Trump's growth problem: jobs boost masks trouble ahead for US economy image
.... Many of those workers, the Shift commission found, may be staying in the workforce not because they want to, but because they have to. Nearly 30% of respondents 55 and over claimed to have zero retirement savings, and 26% had $50,000 or less. ...
After Andrew Tyrie: the race to become the Commons’ new inquisitor general image
....Tyrie would have been a shoo-in had he not quit as an MP at the election. His retirement created an unexpected vacancy for a battle that ahead of a ballot in which all MPs can vote looks too hard to call. ...
'Shame on you!' Campaigners ERUPT as minister tells women hit by pension delay to RETRAIN image
. The pension minister's comments sparked outrage during a House of Commons debate, in which Tory backbenchers joined calls for the Government to help millions of women who say they have been "robbed" of retirement income. ...
Decade in the doldrums for hard-hit savers as low interest rates remain the same image
....Since then base rates have been slashed to near zero and stayed there for year after year, hammering the returns on cash. This has been a particular blow for older people who rely on the interest from their savings to top up their retirement income. ...
Retirees lose £8,460 of pension income: Make sure YOU don't make THIS mistake image
.... Payout rates from the insurance product vary by provider, but around half of people buying annuities still fail to shop around. One in every two people simply stay with their current pension provider, in effect settling for a poorer retirement. ...
State pension age to rise SOONER than expected: Minister warns ‘big decisions’ looming image
....Reading between the lines, industry experts said the minister may be preparing Britons for faster rises in the state pension age. The overall retirement age is then due to rise to 67 by 2028 and 68 by 2046. ...
Don’t be too quick on the draw taking pension pot, says HARVEY JONES image
Source : Daily Express [Read Article] Sunday 2nd of July 2017 11:00:00 AM
.... . Hundreds of thousands have taken advantage since then by shifting their pensions into drawdown, which involves leaving their money invested and drawing regular sums to top up their retirement income. ...
Savers warning: Pension tax relief could soon be SLASHED image
Source : Daily Express [Read Article] Saturday 1st of July 2017 02:05:00 PM
. It's feared reforms of retirement saving incentives, which have been looming for years, may be brought forward after the Conservatives formed a Government with the DUP. ...
PENSIONS WARNING: Could this tax loophole affect YOUR savings? image
Source : Daily Express [Read Article] Friday 30th of June 2017 09:50:00 PM
....”. It comes as Government figures revealed millions of Britons could be sleepwalking towards a poverty stricken retirement. ...
Let’s move to Aylsham, Norfolk: an extraordinarily ordinary delight image
.... Large creative community. A bit of a retirement town but still full of life by day. ...
Household income falling at fastest rate since 1976 as UK savings rates crash image
....Sterling had been edging higher after remarks by Threadneedle Street’s governor, Mark Carney, were seen as a hint that the first increase in interest rates in a decade would soon be announced. The ONS said that during the first three months of 2017, the savings ratio – a measure of how much money individuals are putting away for retirement or a rainy day out of their disposable income – fell below 2% for the first time. ...
BoE economist wants to hear about hardship in the UK - first stop Wales image
Source : Guardian [Read Article] Thursday 29th of June 2017 06:26:47 PM
....Three sixth-formers said they feared university loans, and two 25-year-old graduates said friends had left the area because of falling real wages. Alan, who was approaching retirement, said that he had been involved with research that had revealed people’s “coping strategies”. ...
Rupert Murdoch's Sky bid is now very likely to succeed image
Source : Guardian [Read Article] Thursday 29th of June 2017 03:01:16 PM
....The deeper problem may not be the points raised by ISS and Glass Lewis but Burberry’s record of showering its executives, especially Bailey, with vast sums. Peace, after 13 years in the chair, should know the drill: if he loses a second vote, he should accelerate a retirement currently vaguely scheduled for sometime before the end of next year. ...
'EU pension' planned for people who move between countries image
Source : Guardian [Read Article] Thursday 29th of June 2017 10:59:21 AM
....Many of the features of the EU pension are already on offer for those who shop around, but Valdis Dombrovskis, a vice-president of the commission responsible for financial services, said the brand would act as a quality kite mark, giving people confidence their cash was safe. “It has enormous potential as it will offer savers across the EU more choice when putting money aside for retirement,” he said. ...
Older homeowners forced to sell properties to clear debt on mortgages image
Source : Daily Express [Read Article] Wednesday 28th of June 2017 08:25:00 AM
....However, many endowment plans under-performed, leaving hundreds of thousands with a shortfall on their mortgage debt. This generation is now approaching retirement and many fear they can only clear the outstanding debt by selling up. ...
FCA says UK's £7tn asset management industry needs radical reform image
Source : Guardian [Read Article] Wednesday 28th of June 2017 07:28:17 AM
....Sean Hagerty, the managing director for Europe at Vanguard Asset Management, said: “Costs matter. Every pound that investors pay in charges is a pound out of their potential returns, reducing their chances of being able to afford a comfortable retirement or save for a mortgage deposit. ...
Endowment plan: Need-to-know advice on interest-only mortgage repayment problems image
.... . This generation is now approaching retirement and many fear they can only clear the outstanding debt by selling up. ...
Sky Sports to replace numbered channels and slash prices in revamp image
Source : Guardian [Read Article] Tuesday 27th of June 2017 01:29:39 PM
....Sky is scrapping its numbered sports channels and replacing them with themed offerings focused on specific sports – led by football, golf and cricket – as it combats falling viewer numbers with a branding revamp and a cheaper viewing package. The retirement of Sky Sports 1,2,3,4 and 5 and the introduction of a new package two-thirds cheaper than current prices represents a major shakeup of the strategy that has made Rupert Murdoch’s Sky a pay-TV powerhouse. ...
State pension BOMBSHELL: Payments 'to be MEANS-TESTED to stop crisis' image
Source : Daily Express [Read Article] Tuesday 27th of June 2017 11:34:00 AM
....The report by the University of Kent suggests state pension payments should be limited for pensioners paying higher-rate tax from as early as 2019, as a way of cutting the ballooning cost of pension benefits. Under the current rules, the state pension can be claimed by all, irrespective of wealth with access to the payments being given when the person reaches retirement age and provided they have a record of national insurance contributions. ...
DUP Deal: Pension Triple lock and Winter Fuel Allowance SAVED image
Source : Daily Express [Read Article] Monday 26th of June 2017 12:23:00 PM
.... . It means the retirement income from the state will continue to rise by the highest of 2. ...
Property owners' £2.3tn windfall 'has created huge inequality gap' image
Source : Guardian [Read Article] Tuesday 20th of June 2017 05:01:01 AM
.... But while the property bubble hugely benefited many of Britain’s baby boomers, it has also driven generational wealth progress into reverse by pricing younger people out of home ownership. “Property, pension and financial wealth can provide security and opportunities for families, as well as a decent income in retirement. ...
Pension transfers are now worth more than the average home image
Source : Daily Express [Read Article] Monday 19th of June 2017 12:00:00 AM
.... The recent pension freedoms gave over-55s with a DC pension more choice over how they take their pension pot. DC schemes generally do not have the same advantages that final salary schemes have of the saver ending up with a guaranteed level of retirement income. ...
REVEALED: 5 simple tricks to increase your pension and BEAT threatened cuts after election image
. Britain's saving and retirement rules can be complex and difficult to understand, but taking the time to review savings and projected income pays off. ...
British workers are missing out on ‘buy one, get one free’ pension offer image
....So if a worker puts in this amount, the company will put in the same, giving a total of 15% of salary going into their pot. That 15% is what is widely regarded by experts as the amount needed to secure an adequate retirement. ...
Pensions WARNING: Pots under pressure as older worker redundancy rate hits record high image
....While most age groups are on a downward trend, for older workers it has risen from 24 per cent of redundancies in 2000 to 34 per cent last year. Stephen Lowe, group communications director at specialist financial services company Just, said: “At a time when people are being urged to work later in life so they can build up adequate retirement funds, this is a worrying trend. ...
Thames Water needs to clean up its act after yet more fines | Nils Pratley image
.... It would be easier – and cheaper – to beef up the regulatory system than to buy an entire industry. Andrew Tyrie will be a hard act to follow as chairman of the Treasury select committee, as said here when the Conservative MP for Chichester announced his retirement from parliament before the election. ...
Shop around to tackle inflation as rate at four-time high image
Source : Daily Express [Read Article] Wednesday 14th of June 2017 08:20:00 AM
....That means spreading your money among cash, bonds, shares and other assets, such as property, to reduce volatility. Low savings rates are destroying the retirement plans of many, so do not let apathy do the rest. ...
PENSION CHAOS: Election leaves retirees in the dark over pension tax rules image
Source : Daily Express [Read Article] Monday 12th of June 2017 04:00:00 PM
. People taking retirement income through pension freedoms are at risk of huge bills from HMRC amid the confusion. ...
Pensions triple lock: What is the triple lock and will Theresa May get rid of it? image
....What is the alternative?. There are currently plans to raise the state pension age to 67 for those born after March 1961 and 68 for those born after March 1977, with proposals to raise the retirement age to 70 by as early as 2057. ...
General Electric says CEO Jeff Immelt is stepping down image
Source : Guardian [Read Article] Monday 12th of June 2017 12:14:10 PM
....General Electric said Jeff Immelt is stepping down as CEO and John Flannery, president and CEO of the conglomerate’s healthcare unit, will take over the post in August. The 61-year-old Immelt will stay on as chairman until his retirement from the position at the end of the year, with the 55-year-old Flannery stepping into the role after that. ...
While Corbyn inspired the young, May was terrifying the old image
Source : Guardian [Read Article] Sunday 11th of June 2017 06:00:47 AM
.... The shock was that so many of them were among the two million people who registered to vote before the poll and went into the polling booths to mark their preference. But the young must stay vigilant: another lesson of the campaign was that there are vast numbers of older voters who still demand that the government fund their retirements with universal benefits. ...
Britain looks set for a politically hot summer but what is the future for your finances? image
....One benefit of post-electoral uncertainty is that it may delay reforms to the UK pension system that might have cost retirees dear. Jon Greer, head of retirement policy at Old Mutual Wealth, says the Conservatives were the only party planning to abolish the triple lock on pensions from 2020, which guarantees the state pension will rise in line with either prices, inflation or 2. ...
Willie Walsh: 'I think some of the criticism of BA has been unfair' image
....”. Walsh will sail a boat he keeps on the Thames, but rules out an easy golfing retirement: “There’s work I want to do, things I think I could get involved in. ...
Election 2017: Hung parliament WORST possible outcome for pensions, say experts image
. The 2017 election result means there is set to be a period of huge uncertainty over retirement policies as a new Government forms and how the issues of pension and retirement are dealt with. ...
Cash savers losing interest over low returns image
Source : Daily Express [Read Article] Wednesday 7th of June 2017 09:17:00 AM
....5 per cent, has subsequently earned just £40 interest on average. That shows the dire impact that low interest rates have had on everyday savers, many of whom are elderly, ruining their retirement plans. ...
Skipton Building Society to launch cash Lisa – that’s a lifetime Isa  image
Source : Daily Express [Read Article] Tuesday 6th of June 2017 02:36:00 PM
.... . Lifetime Isas, or Lisas, can be opened by people aged between 18 and 39 to save for their first home, or their retirement, in the same pot, with a government bonus added. ...
Lifetime ISA providers: First cash LISA launched by Skipton Building Society  image
.... Anyone under 40 can open an account and continue making contributions until they are 50 - but only people who have never bought a home can use the scheme to count towards a deposit. Otherwise, the bonuses can be used for retirement income but savings can't be accessed before the age of 60. ...
First cash Lifetime Isa launched image
Source : BBC [Read Article] Tuesday 6th of June 2017 10:55:03 AM
....Currently only three providers are offering the Lifetime ISA, but those require investment in shares. Money saved in a Lifetime Isa is designed for buying a first home, or for retirement. ...
Job opportunities should not wither as we age | Katie Allen image
Source : Guardian [Read Article] Sunday 4th of June 2017 01:06:00 PM
.... No sooner had Theresa May raised the idea of people paying more for the costs of social care – branded a “dementia tax” – than she performed a U-turn. The focus on the costs of an ageing society continued in a recent warning from the World Economic Forum that the retirement age in Britain and other leading developed countries would need to rise to 70 by the middle of the century to head off a pension crisis. ...
Yes, house prices are falling: but they probably won’t fall quickly image
....What do BT and British Airways have in common? You could point to the public relations disasters that dog each organisation: one hitting the headlines recently following its accounting scandal, the other struggling to cope with the after-effects of last weekend’s cancelled flights. The other problem they share is a huge shortfall in their retirement fund. ...
Hoover pension deal agreed affecting 7,500 members image
Source : BBC [Read Article] Friday 2nd of June 2017 11:50:35 AM
....Up to 4,000 people in Wales could be affected. Those still under retirement age could receive an immediate 10% cut in their pension pot. ...
More than half of those retiring in 2017 are doing so early, says survey image
Source : Daily Express [Read Article] Friday 2nd of June 2017 12:01:00 AM
. Some 60 per cent of those planning to give up work in 2017 are doing so earlier than their projected state pension age, or company pension scheme retirement date, Prudential found. ...
Brazil emerges from recession as GDP grows 1% image
Source : BBC [Read Article] Thursday 1st of June 2017 01:32:47 PM
....The president wants to push austerity reforms through Congress to restore fiscal discipline but his plans have been met with street protests. There has been particularly strong opposition to his proposal to overhaul the pension system and raise the retirement age to 62 for women and 65 for men. ...
The new hipsters? London's exclusive 'downsizer' homes for the over-55s image
Source : Guardian [Read Article] Wednesday 31st of May 2017 06:15:16 AM
....“It’s an aspirational product,” says Claire Anderson, director of development for Hanover, the housing association behind Quadra. “We make no assumptions about retirement at the age of 55. ...
BT considering closing defined-benefit pensions scheme for existing staff image
. BT is considering closing its defined-benefit pension scheme, the latest former state-owned business to close – or move to close – so-called “gold-plated” retirement plans for existing employees. ...
Reality Check: The fight over women's state pensions image
Source : BBC [Read Article] Monday 29th of May 2017 02:29:06 PM
.... They had been expecting to retire at 60, but discovered that they would have to wait years longer. They complained they had not been given time to adjust to the new retirement age and also that the changes in 2011 and 1995 had not been clearly communicated. ...
Britons are sitting on too much debt without a financial safety net image
Source : Daily Express [Read Article] Sunday 28th of May 2017 12:01:00 AM
....Life expectancy may have risen, but so have serious illnesses such as cancer and these can ravage your earning power. A type of cover known as income protection pays an earnings replacement, which continues for as long as you are ill, or until your retirement, if you do not recover. ...
REVEALED: Trick to boost state pension in loophole that could soon be closed - ex-minister image
. People can top-up their state retirement income by thousands of pounds using the scheme, according to ex-minister Steve Webb, who is now director of policy at Royal London. ...
Serious Fraud Office warns of £120m pension scam image
Source : Guardian [Read Article] Saturday 27th of May 2017 06:00:20 AM
. Fears are growing that large numbers of people may have lost huge sums of money after investing their retirement pots in – of all things – self-storage units. ...
Call to raise retirement age to at least 70 image
Source : BBC [Read Article] Friday 26th of May 2017 12:02:45 PM
. The retirement age should rise to at least 70 in rich countries by 2050 as life expectancy rises above 100, according to a new report. ...
Don't want to work until you are 70? You will have to, says WEF image
Source : Guardian [Read Article] Friday 26th of May 2017 06:07:32 AM
. The retirement age in Britain and other leading developed countries will need to rise to 70 by the middle of the century to head off the biggest pension crisis in history, according to the World Economic Forum. ...
What's the best way of paying off my interest-only mortgage? image
Source : Guardian [Read Article] Thursday 25th of May 2017 06:00:21 AM
.... I have two Isas and am thinking of starting another. Our monthly income is £3,500, made up of my flexi retirement salary, local government pension, state pension and my wife’s teacher’s pension. ...
Not just Bitcoin... image
Source : BBC [Read Article] Wednesday 24th of May 2017 09:07:22 AM
....This year's Consensus conference drew some big corporate names, such as insurer State Farm, carmaker Toyota, and consulting firm Deloitte. Fidelity Investments, a staid, Boston-based money manager known for handling retirement accounts, was one of the presenters. ...
The financial benefits of getting married in retirement image
Source : Daily Express [Read Article] Tuesday 23rd of May 2017 07:53:00 PM
....”. Morrissey called on the Government to update the tax and benefit system to reflect the trend towards cohabiting in retirement. ...
How can Macron unite Europe? He could start with its armies | Hans-Werner Sinn image
.... The country has an unemployment rate of nearly 10% and its manufacturing sector is 12% below the level before the 2008 global financial crisis. Macron has indicated that he does not want to increase the retirement age, change the 35-hour working week or make it easier for companies to dismiss workers. ...
Ford names Jim Hackett as new CEO in push to build self-driving cars image
....Fields, whose pay deal last year was worth $22m (£17m), is in line for a payoff worth $14. 3m, a sum he would not have been entitled to had he left the company under circumstances other than voluntary retirement. ...
Workers 'suffer £200 pay cut' to fund pension deficits image
Source : BBC [Read Article] Monday 22nd of May 2017 07:16:46 AM
.... . The report says older workers, and those already in retirement, have the most to gain when companies top up their pension funds. ...
Forget Brexit, the real challenge is creating enough wealth for an ageing population image
.... Over the next five years, the population of the UK is expected to rise by 3%, but there will be a 9% increase in the number of people over 65 and a 15% increase in those over 85. More old people means higher pension costs despite the increase in the official retirement age and higher health costs, because the average 90-year-old costs eight times as much to treat each year as the average 30-year-old. ...
Brexit and the coming food crisis: ‘If you can’t feed a country, you haven’t got a country’ image
.... The non-UK citizens here are mostly of working age and economically active. The 900,000 UK citizens in Europe are mostly pensioners living out their retirement on the sun belt in increasingly poor health. ...
Brazil's stock market plunges after corruption claims image
Source : BBC [Read Article] Thursday 18th of May 2017 04:31:38 PM
....8% down at 61,575 points. Mr Temer is trying to get pension reforms through Congress that would mean men would have a minimum retirement age of 65, and women 62, and most people would contribute more. ...

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