Janet McFarland Canadian pension plans took a major hit in January from turmoil in global markets, suffering a drop in their funding solvency as bond yields fell and their investment portfolios posted losses. Pension consulting firm Aon Hewitt said the median solvency ratio for pension funds it tracks fell by […]
Pension
Pension savers flee for the safety of annuities as stock market tumbles
By Harvey Jones Annuity sales collapsed after pension freedoms were launched in April last year as hundreds of thousands celebrated their liberation from the obligation to lock into a lifetime income at retirement. Many either cashed in their lifetime savings or took an income drawdown plan, leaving their pension invested […]
U.S. Pension Fund Assets Remain Stable
U.S. institutional pension fund assets totaled $21.7 trillion at the end of 2015, slightly less than the previous year’s record of $22.1 trillion, according to Willis Towers Watson’s (NASDAQ:WLTW) Global Pension Assets Study. Global institutional pension fund assets in 19 major markets weighed in at $35.4 trillion at year-end 2015. […]
The immoral UK pension policy discriminates against expats
Freezing pensions of British expats is an example of blatant miserly British Government discrimination from a nation which believes in and promotes itself as being fair minded, respecting equality, sound ethics and moral behaviour, writes Jim Tilley. There are 250,000 retirees in Australia all of whom are in receipt of […]
NIGERIAN PENSION FUNDS FINISH STRONG AMIDST MARKET TURMOIL IN 2015
Despite the market turmoil of 2015 arising from the global effect of the melt down in China and the oil glut, pension funds in Nigeria were able to finish the year with strong returns. QFAnalytics analyzed data drawn from a number of pension fund management and administration sources for the […]
Ontario pushes ahead with new government pension plan
Ontario, Canada’s most populous province, said on Tuesday it will push ahead with the launch of a new government pension plan rather than counting on an expansion of the country’s existing federal plan.The Ontario Retirement Pension Plan (ORPP) is set to be introduced in 2017 and is designed to benefit […]
Pension cash spending choices revealed
By Kevin Peachey Personal finance reporter People raiding some or all of their pension pot under reforms introduced in April were most likely to spend it on home improvements. Doing up the house was more popular than big one-off spending on holidays or cars, research has suggested. Overall, those aged […]
Workers panic as states shun Contributory Pension Scheme
Civil servants across many states of the federation are concerned for their lives after retirement as many state governments have stopped contributing towards their pension, IFE ADEDAPO writes The implementation of the Pension Reform Act, 2014 may have come to a dead end as some state governments and workers have […]
Convicted of Corruption, but Still Getting a Pension
By DAVID BUCHWALD IN New York State, both the former Assembly speaker Sheldon Silver and the former Senate majority leader Dean Skelos have recently been tried and convicted on numerous federal charges of corruption. They share another distinction: Since their trials, they have both applied for their state pensions. Sadly, […]
Flat-rate pension relief fairer to all, say insurers
By Brian Milligan Personal Finance reporter A new system of flat-rate tax relief on pension contributions would be fairer to everyone, especially the low-paid, the insurance industry has said. The Association of British Insurers (ABI) is asking the chancellor to introduce a Savers’ Bonus, which would treat all taxpayers equally. […]
