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Government Pension
Gordon Brown has renamed the DTI the Department for Business, Enterprise and Regulatory Reform (DBERR) to reflect its focus on the reduction of red tape and a commitment to entrepreneurship. 2006 Older employees plan to keep on working Older employees are increasingly willing to work on past the traditional retirement age, according to a new survey. called 'baby boomers' have told Heydey, profit organisation set up by Age Concern, they want to work past the state pension age.
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- 1.5million set to strike today over pensions
- .. set to strike today over pensions Workers across more than nine different unions are set to strike today over an attack on the local government pension scheme, with the Labour government ...
- 1.5 Million may strike over pensions
- .. Million may strike over pensions Workers in nine different unions are to be balloted for strike action over Whitehall plans to alter the local government pensions scheme. Unison, AMICUS, ...
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- .. pensions - Adrift in the markets In the first deal of its kind, a major pension scheme has been spun off from its parent company to make the business more attractive to ...
- Pensions? What pensions? Legal battle with steel firm
- .. What pensions? Legal battle with steel firm Major legal battles have been taking place regarding private pension funds and the protections being offered to workers. A case brought ...
- Age Concern
- .. Age Concern News Article by Tony Phillips, February 2005 The TUC is finally fighting back in defence of pensions, says Tony Phillips. The TUC call for a day ...
- Making their minds up? Unions ballot for pension strikes
- .. their minds up? Unions ballot for pension strikes For the third time in two years, the major unions have agreed to ballot for a general strike over public sector pensions. The news ...
- UK workers vote for mass strike over pensions crisis
- .. workers vote for mass strike over pensions crisis Tuesday 28th March could see strike action by one and a half million workers across more than nine different unions. The strike has been ...
- One million workers strike to defend pensions
- .. million workers strike to defend pensions Tuesday 28th March 2006 saw over a million workers take part in the largest one day strike in Britain since the general strike of 1926. Every ...
- Pension Revolt: Opening the Second Front
- .. Pension Revolt: Opening the Second Front News Article, March 2005 The pension revolt gathers strength. Thousands of trade unionists took part in the TUC Day ...
- Round One to Us
- .. Round One to Us Editorial, April 2005 The right wing media and the three main political parties constantly tell us that the trade union movement is an anachronism - ...
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- House committee advances Iran sanctions bill
- .. House committee advances Iran sanctions bill Thursday, 16th March 2006 By Vicki Allen WASHINGTON ...
- Bush Intensifies Push for US Pension Reform
- .. by Jim Malone President Bush has embarked on an ambitious campaign to win public support for his plan to reform the government retirement system known as Social Security.If you would like to ...
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- .. Pensions: The Life to Come Feature Article by Robin Blackburn, January 2005 Our future welfare depends on creating a radically different pension system, argues Robin ...
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- .. Freaking Out at 40 Copyright 2005 Glen Snethun I recently turned 40 and become acutely aware of two major truths in my life. I'm a baby boomer and retirement isn't very far away. Freak out ...
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- .. The federal government filed a lawsuit Friday to seize the pension plan of the bankrupt WCI Steel, saying that the plan was more than $100 million short of the amount it needed and that the ...
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- A fraught old age - the Turner Report and pension worries
- .. fraught old age - the Turner Report and pension worries The preliminary findings of the Turner report - a commission on pensions expected to be highly influential on future government ...
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- .. Pensions: One Hand in the Till Feature Article by Solomon Hughes, September 2002 Pensions--once the bedrock of the welfare state--are under attack as never before. ...
- Pensions measures' 1trillion shortfall
- .. measures' 1trillion shortfall Companies could be liable for a pension bill of 1trillion, leading to costs well over the government's original estimates of 300million a year in ...
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- .. Pensions: From Final Salary to the Final Straw News Article by Andrew Stone, January 2003 When is a fraud not a fraud? This is a question that millions of people will ...
- Move Over, Darling
- .. Move Over, Darling Column, April 2002 Is your pension at risk? Yes, minister. You would either need to have a very short memory or a tremendously blinkered ...
- Unions back down, public sector workers split in pensions deal
- .. back down, public sector workers split in pensions deal The government has claimed a victory in the pensions crisis after they secured their target for total pensions savings up to ...
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- .. Pension Revolt: Time for the TUC to Get its Finger Out News Article by The Walrus, March 2005 Nothing better illustrates the utter cynicism at the heart of New Labour ...
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- .. Bolshy Pensioners Need Respect Letter by John P Johnston, October 2004 Thank you, Hugh Lowe, ...
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- .. hypocrisy on public sector pensions As 1.5 million workers gear up to strike over pensions, Iain MacKay reports on the hypocrisy of blaming public workers for company ...
- The moderates are coming unions talk militant over pensions
- .. moderates are coming unions talk militant over pensions Moderate unions have abandoned their neutral stance at the TUC conference to declare a stand against public sector pension reforms, ...
- New UK Pension Plans to be Unveiled
- .. After 3 years of research and discussions, Lord Turner is due to officially announce his proposals for reform to UK pension law. We've already ...
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- .. Occupational Hazard Letter by Hugh Lowe, February 2003 The article 'From final salary to final straw' (January SR) needs some additions, mainly because it does not ...
- Unions to 'step up' pension fight
- .. to 'step up' pension fight Trades unions will need to "step up" their defence of pension schemes in the coming year, the TUC leader has said. Brendan Barber said in his ...
- Reform aimed at personal finance and UK savings
- .. The Pensions Policy Institute (PPI) has issued a report which supports the Pension Commission's recent demand for reform in the structure of the basic state pension. In fact the report goes ...
- Rail workers may strike across the UK
- .. workers may strike across the UK Rail workers across the entire national network are preparing to strike over increases to employee pension contributions. If the strike goes ahead it will ...
- Pensions - the misleading 85 rule
- .. - the misleading 85 rule Over the last week, more divisive mis-representations from the government have appeared regarding public sector pensions. They have attacked the '85' rule ...
- Being a British Pensioner in Spain
- .. Can I claim my pension in Spain? Yes. Whether you spend a few weeks there or live permanently in Spain, the Department for Work and pensions (DWP) will pay your pension. How do I go about it ...
- Retiring with a Decent Income
- .. These days, it's hard to listen to the financial or economic news for long without hearing something about pensions. These news stories usually give us some bad news about the pensions shortfalls ...
- PPP = Poxy Private Pension
- .. PPP = Poxy Private Pension Column by The Walrus, June 2004 How the World Bank and your boss are conspiring to wreck your retirement. Slumbering great hulk ...
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- .. Unholy Alliance Feature Article by Luciana Genro, October 2003 Ral Zibechi spoke to Brazilian socialist Luciana Genro about Lula's government. Luciana Genro ...
- California: Angelides Urges 'Green' Focus
- .. State Treasurer Phil Angelides, who has used his office to advance an agenda of socially responsible investing by public pension funds, on Tuesday launched an initiative to promote investment in ...
Baby boomers in their peak savings years will fuel much of the investment boom. Saving for retirement is being made much easier by the government, favorable pension plans, such as the 401(k) and the Roth IRA. More women in the workforce also means higher incomes and more women qualifying for pensions. meaning that the recipient has the responsibility for investing the money. With such large amounts of money to invest, brokers and financial planners will be in demand to provide investment advice.
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"Requiring compulsory contributions from businesses will hit small firms disproportionately and will be seen as another tax on them." Lord Turner led a commission on pensions for the government which published its findings last November, calling for the retirement age to be raised from 65 to 69. The report also called for the establishment of a national pensions savings scheme, a proposal which the FTSE Group today claimed could produce "massive distortions" in the FTSE 100 index.
Mike Cherry, FSB national pensions spokesman, "Everybody recognises the need to tackle the future of pensions and the government has done well to grasp the nettle on this issue. "The government's stated aim has been for individuals to take responsibility for their own futures and we hope this is reflected in the final settlement." Mr Cherry said that the various organisations representing British business had all spoken with the prime minister about the implications of pensions reform for small businesses and their employees.
