Blog

Later Retirement Age And Removing ‘Triple-Lock’ On Pensions Recommended By Cridland Report

Mar 28, 2017 |

Former Confederation of Business Industry (CBI) leader John Cridland revealed the results of his appointed review of the UK’s pension deficit and recommended the UK government may need to extended the country’s retirement age and remove the “triple lock” on pensioner’s inflation protection. The report coincides with a government-sponsored report regarding raising the UK’s pensions […more]

UK State Pension Age Could Increase Due To Brexit Migration

Feb 13, 2017 |

According to Confederation of British Industries Former Director John Cridland, UK’s Brexit could possibly push up the state pension age in the United Kingdom. Analysts also said the UK government’s push towards a UK-less European Union is “likely to reduce the number of people of working age coming into the United Kingdom.” Despite the notable […more]

Three Clues Signifying The Imminent PPI Claims Deadline

Jan 25, 2017 |

The Financial Conduct Authority has yet to make a final statement on implementing the payment protection insurance¬†claims deadline on June 2019, but three signs point towards an unfortunate outcome for millions of UK consumers struggling with a mis-sold payment protection insurance policy. The FCA has clearly showed it is in favour of helping banks recover […more]

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]