All Retirement articles – Page 6
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NewsCornish housing association pilots ‘living pension’
On the go: A Cornish housing association is piloting a ‘living pension’ scheme for its employees, building on research that suggests some savers’ pension contributions will need to rise to more than double their current rate.
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NewsPublic sector retirees face higher exit payment scrutiny
Substantial exit payments resulting from pension strain arrangements in the public sector will likely see people nearing retirement having their cases referred to HM Treasury, under a proposed new regime.
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NewsNHS pension payments delayed as retirements surge 50%
More than a thousand NHS pensioners have seen their pension payments delayed as the NHS Business Services Authority, which administers NHS pensions, struggles to cope with a spike in retirements and resignations.
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NewsMcCloud incentives see hundreds of Scottish police retire early
On the go: Incentives introduced as part of the McCloud remedy have led to hundreds of Scottish police officers — many in senior positions — choose to retire early, leading to fears that the force is not sufficiently manned to tackle serious crime.
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OpinionWhy are annuities making a comeback for pensioners?
With annuities being revamped, Guiide founder Kevin Hollister asks if a pension product that got so much hate could be enjoying a revival.
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NewsContributions must double to fund some ‘living pensions’, report finds
On the go: Some savers’ pension contributions will need to sit at slightly more than double the current minimum automatic enrolment threshold in order for them to have a “living pension”, according to new research.
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NewsMPs call NHS pensions ‘national scandal’ as doctors forced to leave
On the go: The Health and Social Care Committee has called NHS pension arrangements “a national scandal” as senior doctors are being forced to reduce their hours or stop work entirely.
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NewsPensions engagement campaign to launch this autumn
On the go: The first iteration of a new pensions engagement campaign created by the Association of British Insurers and the Pensions and Lifetime Savings Association will run from September to November.
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NewsFirefighters demand fix to ‘grossly unfair’ pensions dilemma
The Fire Brigades Union has drawn attention to a problem facing members that have accrued benefits in both the 1992 and 2015 Firefighters’ Pension Schemes, which exposes, in particular, members aged over 55 that can no longer meet firefighters’ fitness requirements.
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NewsAviva faces £3.5mn Barber window pension error claim
Aviva’s application to strike out a £3.5mn professional negligence claim, allegedly due to an administrator missing the window to equalise men and women retirement ages in a scheme, has been dismissed by the High Court.
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NewsAlmost one in 10 cut contributions amid cost of living crisis
On the go: Almost one in 10 people (7 per cent) are planning to reduce their workplace pension contributions as the cost of living crisis continues to escalate, according to research from Barnett Waddingham.
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NewsMP calls for inquiry into war pension claims process
An MP has called for an inquiry into alleged failings by the War Pension Scheme and the Armed Forces Compensation Scheme, asking whether the claims process for injured veterans is fit for purpose.
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NewsRetirement guidance is improving but decumulation challenges remain
On the go:Support available to those approaching retirement is improving, particularly in master trusts, but a comprehensive framework is still required to ensure all savers get the help they need, according to new research.
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NewsGovt to push ahead with firefighters and police McCloud reforms
The government will press ahead with planned reforms implementing the McCloud remedy with respect to members of the police and firefighters’ pension schemes, making amendments to ill-health provisions for the latter, despite concerns the remedy might itself be discriminatory.
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NewsState pension age increase doubles poverty rates for over-65s
On the go: The rise in the state pension age from 65 to 66 has doubled poverty rates for the age group, resulting in over-65s losing state pension income worth around £142 a week in 2020-21.
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NewsRise in ‘bogus self-employment’ will lead to old age poverty
On the go: A rise in “bogus self-employment” means many individuals are missing out on employment benefits such as a pension, according to Jack Jones, policy and campaigns support officer at the Trades Union Congress.
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NewsDWP questions industry on Nest’s fund offering
The Department for Work and Pensions is gathering views on support available to scheme members when making savings decisions, and is questioning the industry on whether Nest’s current offering is sufficient.
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NewsState pension errors continue despite correction exercise
On the go: The Department for Work and Pensions has been accused of continuing to “wrongly” tell women they have no pension entitlement when, in some cases, they were due thousands each year.
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NewsWork and Pensions Committee chair Timms receives knighthood
On the go: Work and Pensions Committee chair Stephen Timms has received a knighthood in the Queen’s birthday honours.
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NewsAuto-enrolled could accumulate £1.64mn pot over 70 years
On the go: An individual auto-enrolled on the average wage could accumulate a pension pot of £1.64mn over 70 years, according to Hargreaves Lansdown.