Any saver expressing interest in ditching a final salary pension is to be warned off in a letter telling them it’s unlikely to be in their best interests. Regulators have ordered pension schemes to start sending anyone requesting a cash valuation a letter urging them not to act in haste during the coronavirus outbreak, and … Read more
Shell in first dividend cut since WW2: Blow to pensions as vital source of income is slashed by two-thirds after slump in oil prices By Francesca Washtell For The Daily Mail Published: 21:50 BST, 30 April 2020 | Updated: 22:02 BST, 30 April 2020 Shell has cut its dividend for the first time since the … Read more
Shares rally after worst quarter for pensions with the value of the average fund falling 15.2% By Hugo Duncan and Ben Wilkinson for the Daily Mail Published: 21:51 BST, 29 April 2020 | Updated: 22:05 BST, 29 April 2020 Shares around the world rallied as investors looked beyond grim economic figures from the United States … Read more
The tricky task of dividing pensions fairly in a divorce and stamping out ‘unintended discrimination’ against women is tackled by top lawyers in a newly published guide. Pensions are often a family’s second most valuable asset after a home, but the legal experts found a widespread lack of confidence among colleagues in the profession about how … Read more
MPs plan a revolt against rules that hit the pensions of older British citizens living abroad The Government groups certain policies within a single legal bundle It means pensions are stuck at rates that applied when people left the UK Anne Puckridge moved to Canada in 2001 to be near her daughter and her pension … Read more
Rolls-Royce hands a £4.6bn chunk of its pensions scheme to Legal & General By City & Finance Reporter for the Daily Mail Published: 21:51 BST, 6 June 2019 | Updated: 21:51 BST, 6 June 2019 Rolls-Royce has offloaded a £4.6billion chunk of its pension scheme covering 33,000 members to Legal & General, in the biggest … Read more
Older workers face delayed retirement: Pensions chief issues stark warning after stock market rout By Lucy White For The Daily Mail Published: 00:19 GMT, 18 March 2020 | Updated: 01:06 GMT, 18 March 2020 Hardworking Britons who had too much of their pension invested in shares may have to postpone their retirement, the boss of … Read more
Public sector workers now eight times more likely to enjoy gold-plated pensions than those in the private sector By James Salmon for the Daily Mail Published: 21:51 GMT, 9 March 2020 | Updated: 21:51 GMT, 9 March 2020 Public sector workers are more than eight times more likely to enjoy gold-plated retirement benefits than those … Read more
Department for Work and Pensions lost more disability discrimination cases than any other UK employer with nearly £1m paid out over three years DWP defended itself on 134 bias claims by disabled employees in three years One employee was sacked as DWP claimed she had taken too much sick leave Department settled 45 claims out of court between … Read more
BEN WILKINSON: Freedom can be costly when it comes to pensions so always think long-term By Ben Wilkinson for the Daily Mail Published: 22:18 GMT, 25 February 2020 | Updated: 09:45 GMT, 26 February 2020 The five-year anniversary of the pension freedoms comes with a blunt warning: savers are pulling their cash out at an … Read more