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Britons not confident about pensions
Monday, March 15th, 2010
Britons are not confident that their pension will provide them with enough financial security to enjoy their retirement, according to a new report.Figures from a recently-published survey from the National Association of Pension Funds (NAPF) have revealed that just 34 per cent of respondents feel confident that their pension income ... read more
NAPF issues asset pooling advice
Monday, March 15th, 2010
The National Association of Pension Funds (NAPF) has issued new guidance aimed at simplifying the process of asset pooling between pension scheme providers.Asset Pooling Made Easy has been published in order to provide an "easy to understand" guide for schemes looking to "diversify" their investments.NAPF director of policy, Nigel Peaple, ... read more
NAPF issues asset pooling advice
Monday, March 15th, 2010
The National Association of Pension Funds (NAPF) has issued new guidance aimed at simplifying the process of asset pooling between pension scheme providers.Asset Pooling Made Easy has been published in order to provide an "easy to understand" guide for schemes looking to "diversify" their investments.NAPF director of policy, Nigel Peaple, ... read more
SHIP: Pensioners face ‘major issues’ to fund social care
Friday, March 12th, 2010
Two-thirds of pensioners do not have adequate finances to meet their social care costs.This is the view from the Liberal Democrat party following research into the subject which revealed 66 per cent of the UK's pensioners will face difficulties in meeting the payments.Commenting on the research, SHIP, the equity release ... read more
Millions in debt to energy suppliers
Friday, March 12th, 2010
More than five million UK households are now in debt to energy companies, it has been claimed.Consumer advice service uSwitch.com said the recent cold snap, coupled with average price increases of 16 per cent, has resulted in 5.5 million customers owing money to their suppliers.According to uSwitch, the total outstanding ... read more
NAPF to hold pension accounting summit
Friday, March 12th, 2010
Saving the UK's defined benefit (DB) pension schemes is going to be high on the agenda of the forthcoming Accounts Summit to be held by the National Association of Pension Funds (NAPF).The organisation has revealed that it is to discuss "better methods" for valuing pensions and ensuring the survival of ... read more
More schemes taken in by PPF
Thursday, March 11th, 2010
Seven more pension schemes have been added to the Pension Protection Fund (PPF), it has been announced.The schemes were taken "under the wing" of the PPF in February, taking the total amount of schemes under PPF protection to 120.According to the PPF, the transfers mean an additional 2,535 people in ... read more
uSwitch: Energy price cuts are disappointing
Thursday, March 11th, 2010
Price cuts made by the major energy suppliers over recent weeks are disappointing, it has been claimed.Consumer advice service uSwitch.com has voiced its concerns as despite the cuts, energy prices are still "far higher" than they were two years ago.The organisation also showed disappointment that all of the new tariffs, ... read more
UK’s biggest employers in pension scheme deficit
Thursday, March 11th, 2010
Some of the country's biggest employers are currently burdened by some of the biggest pension scheme deficits, it has been revealed. Recently, the Pension Protection Fund (PPF) reported that rallies in the global stock markets helped the UK's 7,400 defined benefit pension schemes cut their shortfalls markedly over the past ... read more
UK’s biggest employers in pension scheme deficit
Thursday, March 11th, 2010
Some of the country's biggest employers are currently burdened by some of the biggest pension scheme deficits, it has been revealed. Recently, the Pension Protection Fund (PPF) reported that rallies in the global stock markets helped the UK's 7,400 defined benefit pension schemes cut their shortfalls markedly over the past ... read more
