Monthly Archives: August 2015

Pensions Case Filed Against British Airways

Aug 31, 2015 |

British Airways landed a lawsuit with one of its pension fund’s trustees over increased payments to the airline’s retired workers with hundreds of millions of pounds at stake. British Airways and its trustees will have its court hearing on February 2016 to clarify the role and responsibilities of pension fund trustees. The government decided in […more]

Survey Says Pensions Will Be Less Generous In The Future

Aug 24, 2015 |

About half of 200 top financial advisers expect the retirement age to be increased further in the next 30 years due to financial strain. The pensions may also be means-tested, which would contribute to the increasing retirement age. Duncan Jarrett of Financial Services Firm Aegeon UK believes that any change could leave people unsure about […more]

Pension Provider Says Many Pensioners Are Making a Mistake Cashing Out Their Pensions

Aug 21, 2015 |

Royal London found in a survey of 800 customers that 69% had taken all of their pensions as a cash lump sum following the new pension freedom reforms in April. About 32% planned to place their money in another savings or investment account. About 23% intend to switch their money to a bank or cash […more]

Jeremy Corbyn’s Victory Might Come From Pensioners According to Bookies

Aug 17, 2015 |

Bookies’ favourites to win the election Jeremy Corbyn, could mean good news for pensioners who wish the UK government would just defrost the “frozen pensions” policy. Currently, UK expats living in one of more than 100 countries including Canada, Australia, New Zealand and South Africa have their state pensions permanently frozen during their retirement date. […more]

Widening Pension Deficits Concerning Observers

Aug 13, 2015 |

Dropping amounts of contributions are attributed towards UK companies paying less towards meeting pension shortfalls. The shortfalls, which had begun in 2009, have now reached their highest levels in five years. Due to the shortfall, it is highly possible that companies could face increased pressure to increase payments and improve deficit numbers. Small enterprises had […more]

Look: Time To Prepare For The Future (Infographic)

Aug 10, 2015 |

Pensions. It’s the last thing on every millennial’s mind. It’s also the last thing on a steadily employed senior-level executive of a company. The latter’s mindset never guarantees a bright future when it comes to budgeting your retirement income. Hoping that things will just work out at the end is never the best path to […more]

‘Savings Revolution’ Meant a Whole New Myriad Of Taxes For Pensioners

Aug 5, 2015 |

Last April, the UK government fulfilled its promise to allow pensioners to cash out their entire pension pot and re-invest it somewhere they deem to be useful for their end. However, many pensioners were not aware of the skyrocketed taxes they were to pay when they moved their pensions from one place to another. According […more]

The Amount You Need To Save For Your Pensions

Aug 4, 2015 |

There’s really no specific amount that you should save into your pension except the one you should afford. The only thing standing between you and a good pension is how long you need to leave it into your account. Knowing the right pension schemes is also important. You could go with a defined contribution and […more]