The European Union’s executive says Europeans should not retire before 70 to save cash-strapped state pension funds.
The head of Japan’s public pension fund on Tuesday rejected a proposal to split the $1.37 trillion fund in two in an attempt to achieve higher returns, saying such a move would be inappropriate and inefficient.
The funding shortfall faced by the UK’s biggest pension schemes has soared to £100 billion and looks set to get worse during the coming year, research has suggested.
Peru’s private pension funds have set an ambitious goal of doubling the volume of their assets under management over the next six years.
The amount of money being paid into pension funds by UK workers has fallen, according to a new report. This could inspire a number of people aged over 55 years to consider using the value of their home to boost their retirement finances through a lifetime mortgage.
The safeguards expected from ring-fencing pension assets may not work as expected in certain situations or countries, raising potential risks for cross-border pension provision, CEIOPS has warned.
Last week, the Securities and Exchange Commission officially changed its position, voting to adopt new rules concerning public pension funds pay-to-play practices.
It seems like an act of benevolence nobody had asked for.
Are you old enough to remember when people used to say: “pensions are boring”? If the answer is “yes” then the good news is that you may avoid the worst of the drastic changes the government will be forced to announce soon – possibly beginning as early as the emergency budget next Tuesday.
Prudential, Britain’s biggest pension provider, said it had seen a significant increase in lump-sum payments into its pension funds, as investors tried to beat the Budget and make the most of current tax-relief regime.