01/08/2015
Tesco confirms DB pension scheme closure
Further measures to boost performance include the closure of 43 unprofitable stores around the UK
Pensions
01/08/2015
Firms face £10bn contracting-out bill for new state pension
The actuarial consultant’s survey of 98 pensions, HR and finance professionals found a lack of understanding of how employers should prepare for the new state pension.
01/07/2015
UK pension deficits double to more than £100bn
Pension deficits at the UK’s largest companies nearly doubled over the past year to exceed £100bn, as record low interest rates continued to take a toll.
01/05/2015
Van Lanschot agrees new pension scheme
Van Lanschot and its Works Council have reached agreement on a new pension scheme, which will be a mix of collective and individual defined contributions from 1 January 2015.
01/05/2015
Planned pension changes 'too similar' to 'toxic' life insurance schemes
New pension rules proposed by Thornbury MP Steve Webb that would allow present retirees to cash in pensions are too similar to “toxic” life insurance schemes, an expert has warned.
12/31/2014
Pension changes could boost buy to let in UK
It highlights that the number of 'silver landlords' could increase significantly given the changes in pension regulation
12/30/2014
Steve Webb: Government's pensions reforms are "unfinished business"
Pensions minister calls for system of “automatic escalation” where workers commit to putting pay rises towards pension
12/30/2014
New pension freedoms could increase risk of fraud
Criminals have adjusted their tactics to the new pension freedoms
12/28/2014
A New Year's wishlist for wealth - and happiness: Pension reform, savings deals, a digital bank. What’s in store for YOUR 2015
Only 25 per cent of any withdrawal will be tax-free, the remainder will be taxed as income.
12/28/2014
Tesco may have to find £300m a year to plug pensions hole
Retailer facing prospect of having to inject extra cash into employees’ retirement fund every year for next decade
12/19/2014
James Hay confirms pension lump sums for April deadline
The options will be available to new and existing clients and it said income drawdown rates will remain unchanged across the various options.
12/18/2014
MHP Communications has won an account with pension scheme administrator RPMI to handle comms for its investment arm, Railpen Investments.
It comes as RPMI, the UK’s sixth largest pension scheme with £20 billion assets under management, moves investments increasingly towards an in-house model for its largest client, the Railways Pension.
12/18/2014
UK pensions: the double-edged sword of increased flexibility
While commonly viewed as positive for pension provision, the new flexibility brought in by the Budget means even more pressure on members to make the right decision.
12/17/2014
Pension 'guilty secrets' exposed in management fees report
Pension savers with the smallest pots can be exposed to the highest levels of charges
12/17/2014
Nordic roundup: Skandia, Vattenfall, Unipension, Lærernes, OPF
Swedish pensions group Skandia is teaming up with Swedish power company Vattenfall to invest nearly SEK2bn establishing four wind farms in the Nordic country
12/14/2014
Dutch pension fund to invest in Actiam microfinance fund
The fund – the Actiam Institutional Microfinance Fund III – has been launched for six institutional investors, including the €13bn railways scheme SPF and the €3bn pension fund for public transport, SPOV.
12/12/2014
Daimler decides on allocation to German pension fund
The Supervisory Board of Daimler AG today decided on an extraordinary contribution to the pension fund of €2.5 billion, split proportionately between the Daimler AG, EvoBus and the Daimler Financial Services companies.
12/12/2014
James Hay parent completes Irish pension arm sale
The £10.8 million deal, which was announced in August, received regulatory approval today.
12/11/2014
Inarcassa makes first foray into real estate outside Italy
The investments – totalling €85m – were made in global unlisted real estate funds and are the Rome-based fund’s first abroad.
12/11/2014
500% increase in employee app access to pension schemes
There has been a big increase in demand by pension scheme members for online and mobile app access