It seems the government is going to go ahead with its move to take on board the Royal Mail’s pension fund assets (and liabilities). The nationalisation of the pension fund means Royal Mail staff will enjoy the backing of a state guarantee when it comes to receiving their pension. The move is being made ahead [...]
The Office for National Statistics (ONS) has released its latest annual survey of hours and earnings, which contains a summary of the nation’s pension coverage. And the bad news is that in 2011, the proportion of UK employees who belong to a workplace pension scheme fell below half for the first time since the ONS [...]
The National Association of Pension Funds (NAPF) has warned that poor decisions when it comes to taking out pensions can pile years onto a worker’s probable retirement age. A new report published today indicates that the wrong choice of annuity could cut the potential income produced by up to a quarter, meaning years more at [...]
Consumer goods giant Unilever today faced the start of a series of rolling strikes across England and Wales. A number of walk-outs have been organised at various Unilever facilities over the next week and a half. Reuters reported that the strikes began today at a Warrington detergent factory, Colman’s mustard factory in Norwich and the [...]
The Association of Consulting Actuaries (ACA) has issued a stark warning of the widening gulf between the quality of public and private sector pension provisions. The body has observed what it describes as a “seismic collapse” in private sector pensions in comparison to the arrangements in place for public sector workers, the result of the [...]
