March 2009 Archive

No "elaborate ruse" over Goodwin pension

Sir Fred Goodwin's pension sparked public outrage

Royal Bank of Scotland executives did not attempt to cover up Sir Fred Goodwin's pension, according to former chairman Sir Tom McKillop.

Pensioners face rising prices despite 0% inflation

Pensioners face rising prices

Pensioners still face rising prices despite a fall in inflation, experts have warned.

Pension savers urged to review investments

Pension savers urged to check investments

Experts are urging those saving for retirement to review investments now, to make sure the financial constraints of today don't have adverse affects later.

Goodwin pension fault of RBS not government, says minister

Lord Myners passes the buck over Goodwin pension scandal

City minister Paul Myners has again blamed the Royal Bank of Scotland (RBS) board over the bank's former chief executive Sir Fred Goodwin's pension.

Pensioners expect shortfall in 2009

Crunch bites pensioners

Around 3.25 million UK adults who plan to retire this year will get £2.87 billion less in their pensions than those who retired in 2008.

Pension funds hire Cherie Blair to sue RBS

Cherie Blair has been hired to sue RBS, according to reports

British pension funds have hired Cherie Blair to sue Sir Fred Goodwin and other Royal Bank of Scotland board members through the US courts, according to a report.

Buying back years to boost pension

Workers are urged to work out if they would be better off buying extra years for pension

Workers have less than one month left to buy back missing National Insurance (NI) contributions before the government hikes up the cost to buy back one year from £421.20 to £626.60.

Quantitative easing triggers fall in annuity rates

Quantitative easing has led to a fall in the value of annuities

The Bank of England's policy of quantitative easing could cause annuities to plunge in value, according to experts.

Final salary schemes deficit grows

Deficits in final salary schemes grow

The deficit on final salary pension schemes has worsened over February, to £218.7 billion, as companies struggle to fund the schemes.

Old and poor hit by inflation

Pensioners and poorer households experience higher inflation

Older and poorer households are hardest hit by inflation, a report from the Institute for Fiscal Studies (IFS) has found.

Female finance: Independent women and independent finances

Taking the driving seat of your finances

March 8th is International Women's Day and female achievements will be celebrated at events held around the world.

European court backs compulsory retirement

The European Court of Justice has backed compulsory retirement at 65

The European Court of Justice (ECJ) has upheld Britain's mandatory retirement age of 65 following a campaign to scrap the policy.

Economic slowdown forcing Brits to delay retirement

Retirement plans on ice

Many Brits nearing retirement age are expecting to continue working longer, with many pushing off retirement by at least three years.

Downing St discomfort over Harman rogue Sir Fred pension threat

Downing St distances itself from Harman rogue comments

Downing Street has backed away from Harriet Harman's claim that ex-RBS boss Sir Fred Goodwin will be forced to give up his £693,000 pension.

What is stopping you from saving for a pension?

Time is ticking on pension preparations

Getting the UK to start saving for their pension during a boom is hard, but as money gets tight in the recession the needs of today start to overwhelm those of tomorrow.

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