Blog

New Powers Needed To Protect Company Pensions After Mergers, Takeovers

Jul 4, 2016 |

The BHS pensions trouble is a sign that the UK needs to update its regulation powers. According to former head of the pension regulator, Lady Judge, the regulator did not have the right powers at the time to prevent the BHS pensions trouble. During the time former BHS owner Sir Philip Green had sold the […more]

WASPI Protesters Chant In Front of Westminster

Jun 30, 2016 |

Protesting against the lack of support for women almost to their retirement age, the Women Against State Pemsion Inequality (WASPI) had marched to Westminster to chant their protest anthem against the Government. Supporters from Plymouth, Devon and Cornwall had begun their protests as hundreds of others from across UK had chanted against the accelerated increase […more]

Pensions Timebomb: Arcadia Warns BHS Being “Stripped To Bone” Over Pensions

Jun 20, 2016 |

Sir Philip Green, the former owner of retail chain BHS, said the latter was being “stripped to the bone” as it didn’t have the cash to resolve its increasingly alarming pensions situation. During the meeting between Arcadia and MPs, Sir Philip Green’s protests that Pension Trustees had been “asleep at the wheel” was overshadowed by […more]

Former BHS Owner Promises To Resolve Pensions Mess

Jun 16, 2016 |

BHS Owner Sir Philip Green promised that he would personally see to it that the trouble of BHS’ pensions after its collapse would be resolved this year. According to the billionaire, his advisers are working on a “resolvable and sortable” solution that would allow 20,000 members their right to their pension scheme as promised by […more]

Gold Bars For Pensions? Bad or Good?

Jun 10, 2016 |

The UK’s Royal Mint has about 99.9 per cent purity in their gold. To qualify for use in an SIPP, gold must reach about 99.5 per cent purity. But gold does not have a great fanfare as before; gold had once dropped to $269 and had only increased lately at $1,253 per 100 grams. Should […more]

Pension Funds For Scientists Invested in Tobacco

May 30, 2016 |

About £211m of Cancer Research UK’s scientists have their pensions ironically invested in the tobacco industry. According to UK’s The Guardian, the university staff pension fund indicates in the year to March 31, 2015, the Cancer Research UK scientists’ pensions had been invested in tobacco companies including the BAT. The Universities Superannuation Scheme (USS) had […more]

Pensions “Unnecessarily” Complex But Important – Ben Wright

May 25, 2016 |

Telegraph’s Senior City Editor Ben Wright said the complicated matter of pensions in the United Kingdom has become troubling for savers. Due to pensions being tied to indexes and other financial vehicles that actuaries could only keep track off, the regular saver could not estimate the amount they need to set aside and where to […more]

UK’s Universal Pensions Dashboard Failing Far Behind

May 17, 2016 |

Despite promises of the dashboard materialising for all UK savers by 2019, the UK is still far behind against Australia and Sweden. The Australians and Swedish are working with universal pension dashboards, allowing them to control their pension at any time. According to former Pensions Minister Steve Webb: “Government has been too hands-off to date […more]

PPF Abuse Evident In BHS And Other Companies

May 11, 2016 |

According to the Pension Protection Fund Head Alan Rubenstein, he alerted regulators in 2012 when a £200m guarantee offered by the BHS pension fund by Davenbush went insufficient. BHS is just one of the many companies who had abused the capabilities of the PPF. The PPF, which resolves insolvent companies’ issues with employee pensions, is […more]

Pension Liabilities Increased in April

May 5, 2016 |

Signs of further pension troubles alarm analysts. According to new statistics presented by JLT Employee Benefits, UK Corporations have a 7.7 per cent deficit by the end of April. The bill has increased to £294 billion from April 2015. Companies are thriving with a steady ground on assets at £1.25 trillion by April. However, asset […more]