Pensions
Treasury cracks down on civil servant tax dodge loopholeAround 2,400 civil servants are receiving their salary ‘off payroll’, which means they may have dodged the full rate of income tax, Danny Alexander has revealed. |
Bean says QE effect on pensions is "exaggerated"The Deputy Governor of the Bank of England, Charles Bean, says that how quantitative easing affects pension funds depends on whether the fund has a deficit to begin with or not. |
Public sector net borrowing surplus due to Royal Mail windfallThe UK’s public finances recorded a record surplus in April, but it was due to a £28 billion transfer in from the Royal Mail's pension assets latest figures reveal. |
Cable says no place for "no fault dismissal" in Beecroft ReportThe government-commissioned Beecroft Report into employment law is published today and Business Secretary Vince Cable says that there is "no place" for one of its recommendations. |
Retirement savings reach an eight year lowAlmost a quarter of adults in the UK are failing to save for their retirement, a new survey from Scottish Widows reveals. |
Why is the UK in a recession when unemployment is falling?A change in the type of work people are doing and the shortfall between earnings growth and inflation explain the reason that unemployment is falling during a double-dip recession. |
Unemployment drops by 45,000 to 2.63m as rate falls by 0.2%Official unemployment figures published today show unemployment fell by 45,000 in the three months to March, contradicting GDP data that shows the UK in recession. |
2012 babies won't receive state pension until age 77, says PwCA new report says that increased life expectancy means that babies born in 2012 should expect to work until they are 77 and there children won't receive state pension until aged 84. |
400,000 public sector workers strike over pension reformsAround 400,000 public sector workers including police officers, lecturers, prison officers and health workers are striking today over pension reform plans. |
Private pension fund deficits leap to £217bnThe combined deficit of the UK’s private final salary pension schemes has soared by £10.6 billion in the space of a month, new figures have revealed. |
CEBR: UK jobless rate to reach 10.7% by 2016 as cuts biteThe Centre for Economics and Business Research (CEBR) says the unemployment rate in the UK could reach 10.7% by 2016 as areas reliant on public sector jobs struggle to create new jobs in the private sector. |
Cameron denounces civil servants tax dodgeDavid Cameron has intervened in the row over civil servants benefiting from loopholes that enable them to dodge paying the full rate of income tax. |
Long term care costs to reach £38bn a year by 2025The annual cost of long term care in the UK is expected to increase to £33,000 per person by 2025, a new report reveals. |
Seven in 10 workers unaware of auto-enrolment pension plansMillions of employees will be auto-enrolled in a workplace pension scheme this year, yet 68 per cent of workers have little knowledge of the impending changes. |
Fiscal austerity making global job crisis worse, says ILOThere is no recovery in sight for the global jobs situation and austerity measures are making things worse, according to the International Labour Organization. |
UK total pension liability reaches £7.1 trillion, says ONSThe Office for National Statistics says that the total pensions liability for current UK pensioners and existing workers future pensions is £7.1 trillion. |
Pensions regulator agrees to relax rules for 300 UK schemesThe Pensions Regulator has agreed to relax funding rules for around 300 UK company pension schemes to help them tackle deficits caused in part by low yields as a result of quantitative easing. |
3,000 council workers earn more than £100,000A record number of council employees across the UK are earning in excess of £100,000, research from the TaxPayers' Alliance reveals. |
Over 50s will have to work 11 years beyond state pension ageNearly half of Britain’s over 50s could be forced to work for more than a decade beyond state pension age to keep their standard of living, a report warns. |
"Sticky" inflation: How will this affect your finances in 2012?Two members of the Bank of England have warned that inflation may stay above 3% in 2012 and not fall towards the bank's target of 2%. What does this mean for your money? |
MGM: Annuity rates have plunged 11.2% since June 2009Annuity rates have dropped by more than 11 per cent in less than three years, putting pressure on people approaching retirement, according to MGM Advantage. |
Has QE harmed pensions?Has the Bank of England's quantitative easing policy harmed pension incomes as suggested by a Treasury committee budget report published this week or is the criticism overstated? |
UK unemployment drops by 35,000 to 2.65 millionOfficial figures show unemployment fell by 35,000 from 2.685 million to 2.65 million in the three months to February 2012, the first fall since May 2011. |
QE and monetary policy penalising pensioners and savers, say MPsThe Government should compensate pensioners and savers who have been affected by quantitative easing (QE) and record low interest rates, according to MPs. |
Unemployment expected to edge upwardsThe Office for National Statistics (ONS) will publish the latest unemployment figures tomorrow (April 18th 2012) and they are expected to show a moderate increase. |
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