State Pension to get 2.5% increase

By April of next year, state pensions will rise by £2.40 per week, despite the negative Retail Index Price of last month. September’s inflation usually determines the rate at which pensions are altered in April. However, since 2001 the government has implemented...

The UK Pension Problem

The total liabilities of the UK Defined Benefit pension schemes, now tops £1 trillion, with the deficit hitting £200 billion. No one is more concerned than those with pensions whose schemes are being threatened with closure and questions are being asked about whether...

Review your Pension now!

Have you got a pension? If the answer is no, then you should be looking at your plans for retirement. Equally if you have a pension, then you need to make sure that it is going to provide for you in later life. As you will have heard, many pension schemes in large...

Benefit Cuts for 60,000 RBS Workers

Just months after paying Sir Fred Goodwin, the Royal Bank of Scotland’s disgraced previous boss, a retirement lump sum of £12.3 million, RBS has now slashed pension benefits for over 60,000 workers. Yesterday the bank continued to anger its loyal staff by capping...

BT Pension Fund Invest in Debt

Those managing the BT pension schemes are investing funds in the debt of companies or those who are going into bankruptcy. According to Frank Naylor, of Hermes Pension Fund who manages the schemes, ‘distressed debt’ offers a host of opportunities for...

Serious Issues for UK Pensions

There are growing concerns for the state of UK pensions. It has been clear for a number of months now that the UK public sector pension schemes are in a mess and according to figures heading towards a £50 billion deficit. With this huge deficit looming, there is a...