- Managers of Wealth - Europe - Wealth, private banking and asset management news and opinion

Managers wonder how customers will deal with pensions freedom

They’re already calling it Pensions Freedom Day.

Pension Schemes: Pension Protection Fund and Contingent Assets 2015/16

This update looks at employer insolvency risk, last man standing schemes and contingent assets, following the publication of the Pension Protection Fund's Levy Estimate for the 2015/16 levy year.

Rogue investors will target £6bn in pension savings, Dispatches warns

Tonight's episode of Dispatches, titled 'How to blow your pension', will warn how a raft of dodgy firms will target over-55s' private pension savings from April

88% of people could not survive on state pension alone

These figures are even more worrying in the light of the new pension reforms.

Tesco confirms DB pension scheme closure

Further measures to boost performance include the closure of 43 unprofitable stores around the UK

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.

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.

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.

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.

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

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

New pension freedoms could increase risk of fraud

Criminals have adjusted their tactics to the new pension freedoms

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.

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

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.

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.

Pensions