Around 300,000 public sector workers in Scotland are taking strike action today over changes to their pensions, in a mass walk-out which is affecting schools, travel, hospitals and courts.94 Comments
Standard Life yesterday flagged an “explosion” of new pensions business when auto‑ enrolment in company schemes becomes law in about 12 months’ time – adding up to 400,000 savers to its schemes.
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VOLATILE markets are hitting pension values, the default retirement age has been scrapped and the state pension age is set to climb over the coming years.
Pension pay-outs are almost a third lower than they were before the beginning of the government’s attempts to boost the economy through quantitative easing, according to latest figures.
The average retiring teacher will lose out on nearly £8,000 in pension income over the next decade following changes to public sector scheme payouts, it has been estimated.
EVEN by political standards, Chancellor George Osborne’s speech at the Conservative Party conference on Monday was impressive – if you’re a big fan of hypocrisy and selective amnesia.
TWO shareholder advisory groups yesterday sided with activist Laxey Partners in its call for Alliance Trust to have a formal buy-back policy to help stop a long-term fall in share value.
Q: I HAVE just turned 62 and have now decided to fully retire and take my company pension. I have been deferring my state pensions over the last two years and have been offered the full basic state pension and a lump sum of just over £9,500, or an additional to my state pension of £20 a week. What do you think I should do? PR Penicuik
LIFE and pensions giant Standard Life unveiled sales figures for the first quarter "well ahead of expectations" as the Edinburgh-based firm saw healthy take-up of corporate pensions.
Scots are more likely to fund their retirement by saving into a workplace or private pension than people anywhere else in Britain, research has revealed.
PENSIONS, rather than children, are becoming one of the most contentious issues in divorces north of the Border, according to a Scottish family law firm.
Young people are having to rely on the Bank of Gran and Grandad to get on the housing ladder, according to a leading firm of property solicitors.
A SCOTTISH business group has hit out at public sector pension practices which it says make businesses and taxpayers liable for a multi-billion-pound black hole in state pensions.
PROFITS at BAA's three Scottish airports soared in 2010 after they received exceptional gains from the group's UK-wide pension scheme, according to accounts filed at Companies House.
CHANGES to state pensions are set to hit women in their 50s particularly hard, with some having to wait an extra two years before retiring. Kirsty Sutherland, wealth management adviser at Independent Women, offers her tips on how to plan ahead with confidence.
Organisations representing more than two million public sector workers, including civil servants, council staff and police officers, are to launch a bid for a judicial review into changes to the way public sector pensions are uprated, which could set a precedent for Scotland.
Teresa Hunter weighs up the pros and cons of cashing in
Prudential has secured a court victory against members of its own pension scheme over changes that could have landed the insurer with a bill for millions in backdated payments.
A REVAMPED state pension will be worth £140 a week and benefit women, the low-paid and the self-employed, the government claimed yesterday.
The government's pension consultation paper sets out to achieve two key aims: to make it simpler and easier to plan retirement savings, and to improve the lot of those who have tended to miss out on state pension benefits. These proposals are likely to achieve these aims - however, there will be losers as well as winners.