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PPI: Pensions may not be enough
Thursday, February 11th, 2010
The popularity of additional retirement funding schemes could be set to rise, one industry body has suggested.According to the Pensions Policy Institute (PPI), many pensioners will need to have additional sources of income as pensions alone will not provide enough money to fund the "desired standard of living".The comment could ... read more
Sainsbury’s: Cold snap caused millions of pounds worth of damage
Wednesday, February 10th, 2010
Damage caused, in large part by the severe weather condition faced by the UK over the past few months, has resulted in more than £35 million pounds worth of insurance claims, it has been suggested.New figures published by Sainsbury's Home Insurance have revealed that almost 16,000 claims have been made, ... read more
RICS survey reveals house price rises
Wednesday, February 10th, 2010
Property owners in the UK, who are considering taking out an equity release plan to boost their finances, could be among those to be encouraged by the results of a recent survey.Figures from the latest housing market study from the Royal Institute of Chartered Surveyors (RICS) have revealed that house ... read more
NAPF call for stronger corporate governance
Wednesday, February 10th, 2010
Two new initiatives, intended to increase the standards of corporate governance in regard to pension schemes, are to be launched by the National Association of Pension Funds (NAPF).The organisation has announced the opening of Corporate Governance Pension Connections, a dedicated service designed to provide "expert thinking" to investment managers.David Paterson, ... read more
Moneyfacts: Stock market has helped pension savers
Tuesday, February 9th, 2010
The poor situation pension savers are currently faced with would be "even more desperate" if it wasn't for the recent revival of the stock market, according to one industry expert.A recently-published report from financial advice service, Moneyfacts has revealed that a recent revival in the stock market contributed to the ... read more
NAPF to discuss pension challenges
Tuesday, February 9th, 2010
Hundreds of pension experts are to meet in Edinburgh next month to discuss the challenges facing the pension market.The conference is to be held by the National Association of Pension Funds (NAPF) in order to highlight what issues the market will face as the UK recovers from recession.Joanne Segars, NAPF ... read more
PPF figures reveal increase in pension deficits
Tuesday, February 9th, 2010
The total deficit of pension schemes in the UK with more liabilities than assets increased by £12.1 billion last month, a new report has shown.Figures from the latest 7800 Index Update from the Pension Protection Fund (PPF) have revealed that the total deficit held by those schemes in deficit stood ... read more
Nationwide: Almost a quarter of people are not saving
Monday, February 8th, 2010
Figures from the latest Savings Index, published by Nationwide, have revealed that 21 per cent of Britons are not saving at all.This represents a decrease on the 25 per cent recorded in December 2009.However, Nationwide's Andy Hutchinson said it "will be interesting" to see if the savings trend can be ... read more
Pensions exposed by dividend decline
Monday, February 8th, 2010
Pension schemes in the UK could be left exposed by a decline in the amount British firms allocate to dividends, a new report has suggested.Figures from the latest dividend study by Capita Registrars UK have revealed that British companies cut dividends by £10 billion last year.According to the report, firms ... read more
HMRC mix-up may affect a number of pensioners
Monday, February 8th, 2010
Errors surrounding the input of data into HM Revenue & Customs' new tax code computer could see a "significant number" of pensioners issued the wrong tax code, the Low Income Tax Reform Group (LITRG) has claimed.According to the group, the errors, which could affect millions of tax codes, may not ... read more
