Pension System – Page 310
-
News
Economic downturn has halted pensions saving
[17:05 CEST 10-06] GLOBAL – The economic downturn has led more than one in 10 of the global population to stop saving for retirement , HSBC has revealed.
-
News
Oxfordshire seeks actuarial services
[16:35 CEST 10-06] UK – Oxfordshire County Council is seeking an actuary for its £796m (€925m) local government pension scheme.
-
News
Pensions to be 'unaffected' by GM Europe takeover
[16:00 CEST 02-06] EUROPE – Officials at GM Europe say their European pension schemes should be unaffected by the proposed takeover by a Canadian firm, although public figures are not available to deduce the extent of the car manufacturer’s European pensions liabilities.
-
News
Pensions fail to attract low-paid workers
[13:30 CEST 29-05] UK - Less than one in three of the UK’s low-paid workers belong to an employer’s pension scheme, according to figures from the Office for National Statistics (ONS).
-
News
Public sector reform to boost Romanian pensions
ROMANIA – Second pillar pensions funds in Romania could see a significant boost to membership in the coming years, according to pension experts, as the government is introducing reforms to cut its budget deficit which include reducing the non-contributory pensions for some public sector workers.
-
News
Tax relief cut seen as 'thin end of wedge'(updated)
[16:50 CEST 21-05] UK – Proposals to reduce tax relief for high earners could be the "thin end of the wedge" leading to later changes affecting lower income workers' pension arrangements, members of the House of Lords have been told.
-
News
Tax relief cut may 'destabilise' pensions
[16:55 CEST 20-05] UK – MPs will today be told the UK government's decision to reduce tax relief for higher earners from 40% to 20% would "seriously damage public trust and confidence" in pensions and might even "destabilise" workplace pensions.
-
News
Poland contributes cash as pensions rise
POLAND – Polish pension funds rose in value by 5.7% last month, following improved performance for the second consecutive month in a row along with fresh cash contributions from the government – the first to be made since 2003.
-
News
Croatian funds back in positive territory
CROATIA – Croatia’s four pension fund companies collectively lost 0.9% on investments in the first quarter, but data reveals they are back in positive territory now.
-
News
Pensions Board grants DB schemes further reprieve
[16:40 CEST 14-05] IRELAND – The Pensions Board has further extended the deadline by which defined benefit (DB) schemes must file funding proposals for approval, following the introduction of new measures for DB schemes announced by the government last month.
-
News
1 in 4 Danes to work past retirement
[17:30 CEST 13-05] DENMARK – Almost 50% of Danish workers intend to take early retirement before the age of 65, while just over a quarter plan to continue working past the normal retirement age, according to Forsikring & Pension, the Danish Insurance Association (DIA).
-
News
Downturn unlikely to drive Ombudsman complaints
[17:25 CEST 13-05] UK – The Pension Ombudsman has predicted the economic downturn will not have a “direct or obvious effect” on its workload over the next three years, although the switch from defined benefit (DB) to defined contribution (DC) schemes could lead to more investment-related complaints.
-
News
Slovak funds grow 0.5%
SLOVAKIA – The six pension fund companies managing mandatory funds for Slovakia’s second pillar posted a positive return for the first quarter of 2009.
-
News
UK pensioners paid £160 a week from workplace schemes
[16:55 CEST 12-05] UK – Almost three-fifths of UK pensioners received an average of £160 (€178) a week in 2007-08 from occupational pensions in retirement , according to figures from the Department for Work and Pensions (DWP).
-
News
IAA deficit almost trebles in 2008
[17:25 CEST 11-05] IRELAND – The Irish Aviation Authority (IAA) has admitted its pension deficit is the "most significant challenge" to its finances in 2009, as its pension shortfall has almost trebled to €146.6m in 2008.
-
News
Personal accounts to 'soft launch' in 2011
[17:00 CEST 08-05] UK – Personal accounts will begin its roll out in the second quarter of 2011 to a small number of volunteers, according to the Personal Accounts Delivery Authority (PADA).
-
News
Romania to look at pension reserve fund and life-cycling (updated)
ROMANIA – Pension fund companies in Romania will soon have to pay into a general reserve fund and they are likely to introduce the life-cycle model in their funds from 2010, according to the pensions regulator.
-
News
Etera and Veritas Q1 losses stay below 2%
[16:10 CEST 28-04] FINLAND – Etera Mutual Pension Insurance Company and Veritas have reported their pension funds suffered small losses in the first quarter of 2009 of -1.4% and -1.3% respectively.
-
News
Ukraine's pension deficit could reach €1.2bn
UKRAINE – Victor Yushchenko, president of the Ukraine, has warned of a growing deficit in the state pension system, which could reach UAH13bn (€1.26bn) by the end of this year.
-
News
Finnish self-employed are undersaving by a third
[16:30 CEST 24-04] FINLAND – A study suggests Finnish self-employed workers are not paying enough into their pension funds as the levels of self-employed persons pensions insurance (YEL) policies are about a third lower than actual annual income.
