Tag: pension funds

Pot-follows-worker plan raises pension concerns

Pot-follows-worker plan raises pension concerns

As part of its preparations for the introduction of auto-enrolment in October, the government has outlined plans for pension pots to follow workers when they move jobs. Auto-enrolment will require employers to enrol their workers into a qualifying workplace pension scheme and this is expected to lead to an increase in the number of pension [...]

July 18, 2012 | 0 Comments More
BP shares up 9% as compensation fund unveiled

BP shares up 9% as compensation fund unveiled

BP shares have risen more than 9% this morning after it was revealed that a $20 billion (£13.5 billion) compensation fund for victims of the Gulf of Mexico oil leak is to be set up. Details of the fund emerged late yesterday following talks at the White House after BP’s chief executive Tony Hayward and [...]

June 17, 2010 | 0 Comments More
Recession dents UK pension funds

Recession dents UK pension funds

More than a third of UK consumers believe their pension savings have been depleted by the recession, new research by Aviva has discovered. Thirty five per cent of the 1,200 people polled - all of whom are nearing retirement - said their retirement funds have fallen in value because of the credit crunch. Over one [...]

November 25, 2009 | 0 Comments More
Blasé Brits forget pension funds

Blasé Brits forget pension funds

UK employees are blasé about their pension fund because they struggle to see how the money saved is relevant to their current life. Research by Baring Asset Management found nearly half (48%) of Britain’s workforce have never checked their pension plan since opening the policy. The study corroborates recent findings by Lincoln Financial Group that [...]

September 30, 2009 | 0 Comments More
Pension funds clueless on climate change risks

Pension funds clueless on climate change risks

Investors, insurance firms, and financial providers must engage with climate change or risk their business model becoming obsolete, an industry expert said this week. John Davies, head of business law and pensions specialist at the Association of Chartered Certified Accountants (ACCA), said getting to grips with climate change is in the best interests of all [...]

September 23, 2009 | 0 Comments More
Credit crunch delays retirement for UK workers

Credit crunch delays retirement for UK workers

Nearly a quarter of UK workers expect that their retirement will be delayed because of the credit crunch. A survey of over 2,000 working adults by insurance provider Life Trust found 12% are considering putting off retirement for five years, 8% expect a delay of two to four years, whilst 3% will be forced to [...]

January 15, 2009 | 0 Comments More