Raja Packirisamy

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BT has second-worst funded pension scheme in the world | Financial Times

BT has the second-worst funded pension scheme in the world, according to a report that, for the first time, analysed the health of more than 5,000 …

Five steps to pension perfection in 2017

The last thing anyone needs is another list of worthy resolutions where the chances of success are at best remote.<p>So what follows is different. These are five, one-hit measures through which you can save tax, boost returns and put your pension on track to last longer and generate greater …

Pension changes could cost 11m Britons thousands of pounds

Government green paper discusses giving annual rises based on CPI, not RPI, which could cost average of £20,000 over lifetime<p>Companies could slash pension promises to 11 million employees, potentially knocking thousands of pounds off the incomes of people in retirement, if proposals in a government …

Brexit boosts BT pension fund assets by £7bn

The BT pension scheme, Britain’s biggest private retirement fund, has enjoyed a £7bn boost on the back of Brexit, as the weaker pound increased the value of its stock-market investments.<p>The trustees of the final-salary scheme have banked massive gains in the past year, according to the company’s …

Fears for £1m 'trapped' in pension fund

Fears are growing over the safety of pensions worth around £1m held in a scheme that is refusing to give customers access to their money.<p>The Pension Ombudsman, which rules on complaints relating to workplace pensions, has upheld 18 complaints against the firm, Fast Pensions, in the past two …

FCA eyes ‘intervention’ in pensions drawdown market | Financial Times

The City regulator is to investigate whether over-55s moving their retirement cash into pension drawdown products are being stung by high charges or …

Pension cold-calling ban to include texts and emails in effort to tackle fraud

Government to crack down on scammers who persuade savers to transfer money from pension accounts into fake schemes<p>A ban on cold-calling by pension companies will include texts and emails, the government has announced, as it cracks down on scammers who target savers’ retirement funds.<p>Almost £5m was …

Cold Calling

British businesses feel the strain as pension scheme black holes grow

The pension deficits weighing down thousands of Britain’s businesses grew by billions of pounds last year, with black holes widening ­despite moves to close “gold-plated” defined benefit schemes.<p>The total cost of pension liabilities among blue-chip FTSE 100 giants grew £95bn to £681bn in 2016, …

Fund new start-ups from pension pots, IoD urges

<b>Older entrepreneurs should be allowed to dip into their pension pot without a tax penalty to fund a new business, a lobby group has suggested.</b><p>The Institute of Directors (IoD) said the government should let older people withdraw up to 10% of their pension pot tax-free to get a start-up going.<p>Younger …

Retirement

US and Europe have world’s worst-funded corporate pension schemes | Financial Times

DuPont of the US, the UK’s BT and Canada’s Hydro One have the worst-funded pension schemes in the world, according to new research that underlines …

One in three UK retirees will have to rely solely on state pension

About 15 million people have no pension savings and face a bleak future in retirement, according to a major survey of Britain’s personal finances published this week by the Financial Conduct Authority.<p>The Financial Lives survey of 13,000 consumers by the FCA, the biggest of its kind, found that 31% …

Former HSBC employees fight clawback of pension income

HSBC announced profits of almost £8bn for the first half of 2017, so why is it penalising former employees by taking away some of their pension cash?<p>That is what thousands of the bank’s former workers are asking after it emerged some are having as much as £2,500 a year – money they say is …

UK companies step up battle to rein in pension costs | Financial Times

British companies are stepping up efforts to rein in pension costs with controversial measures aimed at lowering retirement payouts for former …

You Have 10 Years Left To Retire: John And Lisa Retirement Series - Part 2

In our previous article that we wrote on our hypothetical couple - John and Lisa - we tried to demonstrate how they could retire in 10 years starting …

A majority of Americans make less than $20 per hour

WASHINGTON (MarketWatch) — Where do you fit on the earnings scale?<p>According to data compiled by Goldman Sachs, most American workers earn below $20 …

Japan's Warning to the World

Japan's renewed descent into recession -- its sixth in the past two decades -- comes with an urgent if obvious warning to the U.S., Europe and the …

ECB stimulus gains traction, ready to do more if needed - Draghi

BRUSSELS (Reuters) - The European Central Bank’s stimulus is gaining traction, but should it turn out that its current efforts are not sufficient to accelerate the euro zone recovery, the ECB is ready to do more, ECB President Mario Draghi said.<p>ECB President Mario Draghi waits to take the flloor …

UK House Prices: Mortgage Approvals Fall to Lowest Level Since July

The British Bankers' Association (BBA) has revealed that mortgage approvals in Britain fell to their lowest level since July this year as the Bank of …

Stock market live blog recap: U.S. stocks end day lower, but off afternoon\’s losses

The Real Amal Clooney: Funny, Warm and 'Supremely Self-Confident'

But beyond the formidable intellect, impressive career and killer style, she is known among her inner circle for her warmth and wit.<p>“She has a …

Delta’s CEO engages in wishful thinking about Ebola

<i>This post has been updated to include a response from a Delta spokesman.</i><p>You actually <i>can</i> catch the Ebola virus on an airplane, contrary to the advice of the airline Delta’s chief executive.<p>Though the virus isn’t airborne, Ebola spreads through direct contact with blood, sweat, saliva and other …

Disease