Monthly Archives: May 2016

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]