All Pensions articles – Page 99
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Article35% who have used pension freedoms are still working
Around a third (35%) of workers who accessed the pension freedoms in the first month after they came into effect in April 2015 were still working at the time, according to research by Hargreaves Lansdown.Its study, which surveyed 304 employees who drew pension benefits in the first weeks after the ...
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ArticleMost talked about news in May 2015
The agreement comprised cash contributions of £270m per year.The supermarket also consulted with employees on plans to close its DB pension scheme and replace this with a defined contribution (DC) scheme.“There is no doubt about it that the current scheme is one of the best, if not the best, on ...
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ArticlePension scheme members withdraw £1 billion from pots
Pension scheme members have withdrawn more than £1 billion from their pension pots since the introduction of the new freedoms in April 2015.Chancellor George Osborne (pictured) announced that more than 60,000 people have made use of the reforms, which allow members of defined contribution (DC) schemes aged over 55 to ...
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ArticleNext generation of retirees expect to be £3,000 a year worse off
The next generation of retirees, those aged 45-to-55 years old, expect to be worse off in retirement by a fifth (18%) compared to those leaving the workplace in 2015, according to research by insurer Prudential.Its research, which surveyed more than 1,000 people, found that respondents in the 45-to-55 age group ...
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ArticleHigh Court dismisses appeal against BBC pensionable pay cap
The High Court has dismissed an appeal against the BBC after the organisation imposed a 1% cap on increases in pensionable salary in a bid to reduce its defined benefit (DB) pension schemes deficit.In the case of Bradbury v British Broadcasting Corporation, the High Court ruled that the BBC conduct ...
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Greece may appear to be in Dire Straits, but Europeans can still be ‘Brothers in Arms’
By Thomas Laskey, Pan-European Fixed Income Investment Manager, AberdeenThe popular German view of their relationship with Greece revolves around the seemingly never-ending financial support they have begrudgingly extended to the country. It is easy to see why Germans think the Greeks are irresponsible. No matter to German Finance Minister Schaeuble ...
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Emerging market bonds face unshocking shock
By Edwin Gutierrez, Head of Emerging Market Sovereign Debt, AberdeenThe Wall Street Crash was a shock. On a less spectacular level — except to the dazed and confused Brazilians — was the 7-1 semi-final loss that knocked Latin America’s largest nation out of the soccer World Cup of 2014. Compared ...
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ArticleHigh Court rules Granada has to pay directors’ pensions top up
The High Court has ruled that a pensions top-up arrangement set up to provide security for unfunded pensions promises for four ex-directors at Granada Group did not require shareholder approval to be considered viable.The case, Granada Group v Law Debenture Pension Trust Corporation, concerned a secured unfunded unapproved retirement benefit ...
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The eurozone: where do we go from here? (Economic Insight)
By Lucy O’Carroll, Chief Economist, Investment Solutions, AberdeenHere is a sight you seldom see: the eurozone economy outgrowing both the US and the UK. The first estimate of GDP growth for 2015 Q1 showed the region expanding by 0.4 per cent, compared with 0.1 per cent in the US and ...
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Modi: one year on
By Adrian Lim, Senior Investment Manager, AberdeenThis time last year, Narendra Modi was being sworn into office amid a groundswell of popular support. Expectations were flying high for India’s new prime minister to fulfil election promises to do whatever necessary to get the economy back on its feet. Share prices ...
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Bye-bye, Miss American Pie — Hello, Les Femmes d’Alger (Investment Insight)
By Richard Dunbar, Senior Investment Strategist, Investment Solutions, AberdeenThe world’s larger auction houses have seen a lot of action over the last few weeks. This is a market that we don’t normally comment on, although much of what is going on is arguably symptomatic of something that we do regularly ...
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Waiting for Godot at the US Federal Reserve
By Luke Bartholomew, Fixed Income Investment Manager, AberdeenInterest rates in the US have been anchored to the ground for six years as the world’s largest economy has slowly spluttered back to life. Recovery appears to be under way and despite the weakness in the first quarter, the moment when interest ...
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ArticlePremier Foods’ DB pensions deficit falls £400 million
Premier Foods’ defined benefit (DB) pension schemes combined deficit has fallen by almost two-thirds in the 15 months to April 2015.The firm, which owns the Oxo, Mr Kipling and Bisto brands, revealed in its preliminary results that its pension deficit shortfall had dropped from £603.3 million to £211.8 million over ...
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Risk-free path to pensions is a myth
Robin Geffen, Fund Manager and CEOAre you taking enough risk? Robin Geffen, Founder of Neptune and Manager of the top performing Global Alpha Fund, discusses the importance of accepting enough volatility in planning for retirement.Click here to read the full articleImportant informationInvestment risksThe value of an investment and any income ...
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Global economics: Q1 review and outlook
James Dowey, Investment Director, Chief EconomistChina and Japan have both performed strongly so far this year, while the UK and Europe are going through periods of political uncertainty. In contrast, the US has experienced a temporary soft patch, but the lower oil price is proving to be a boon for ...
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Monthly highlights: Delayed, not derailed
By Lucy O’Carroll and Paul Diggle, Investment Solutions, AberdeenThe global economic upturn has been slightly delayed by a weaker-than-expected first quarter, but has not been derailed. We have revised our 2015 global growth forecast down to 3.3 per cent from 3.4 per cent last month. While the adjustment is modest, ...
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ArticleNational Grid outsources pension fund management
National Grid is to outsource the fund management of its defined benefit (DB) pension scheme’s assets. The organisation, which runs the power network in England and Wales, took the decision to implement a new stratgegy following a review of its investment and governance model.The board of trustees of the National ...
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Q1 GDP growth: Beware preliminary estimates
By Paul Diggle, Economist, Investment Solutions, AberdeenGrowth in both the US and UK economies disappointed during the first quarter of 2015, at least according to preliminary estimates. Without wishing to underplay the extent of the slowdown in both economies at the start of the year, a number of temporary factors ...
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UK general election 2015: clear challenges ahead (Economic and Investment Insight)
By Lucy O’Carroll and Richard Dunbar, Investment Solutions, Aberdeen Financial markets, not known for embracing uncertainty, liked what they saw. Currency, equity and bond markets all rallied in the immediate aftermath. A subsequent cooling of the initial euphoria, however, may signal markets’ acknowledgement of the challenges that lie ahead for ...
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Investment Insight — A flash in the pan?
By Richard Dunbar, Senior Investment Strategist, Investment Solutions, AberdeenAs traders switched on their terminals on the morning of 6 May 2010, the thoughts at the front of their minds were very similar to those today. Greece was teetering on the brink of economic collapse, while the UK was heading to ...