Tag: pension

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One of world’s biggest pension funds to stop investing in fossil fuels

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One of the world’s largest pension funds, ABP, is selling its €15bn-worth of holdings in fossil fuel companies, including Royal Dutch Shell, claiming it had been unable to persuade the sector to transition quickly eno...

MPs urge pension schemes to cushion economic effects of UK’s net zero plan

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UK public sector pension schemes could deepen divisions in society unless they use their billions of pounds of investment to cushion communities pivoting away from carbon-intensive industries such as steel and carmaki...

Drop Chinese investments, MPs and peers tell parliament’s pension fund

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A cross-party group of more than 137 parliamentarians, including 117 MPs, have called on parliament’s pension fund to disinvest from Chinese companies accused of complicity in gross human rights violations or institut...

Teachers’ pension scheme: female retirees receive 28% less than men

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Female teachers are typically retiring on much smaller pensions than their male counterparts, research has found, with part-time working one of the biggest factors eroding women’s retirement incomes. Analysis of payou...

UK state pension payment delays leave many in ‘dire financial straits’

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James Regan waited more than two months, spent more than 70 hours on the phone and had to threaten legal action before he was finally able to tell his mother that she would be getting her state pension each week. Susa...

As Morrisons auction looms, pension deals ought to have been nailed down

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The structure for Saturday’s auction for Morrisons is technically flawless, as argued in this column on Wednesday, but there is still a problem: only one bidder has reached agreement with the trustees of the supermark...

How have you been affected by UK state pension underpayments?

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A spending watchdog has said more than £1bn-worth of UK state pensions has been underpaid due to repeated human errors and outdated IT systems. Those who are affected are likely to be women and the true value of the u...

Morrisons pension trustees raise concerns over £7bn takeover plan

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Trustees of Morrisons’ pension schemes have broken cover to warn that a £7bn private equity takeover threatens to “materially weaken” their financial position, and demanded additional security over some of the superma...

Gender pension gap: how women can boost their retirement pot

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Women are still facing retirement with substantially less saved in their pensions than men. Low pay is a major contributing factor to the gender pension gap as women often take part-time positions or become self-emplo...

The final piece of my eco puzzle? Switching to a green pension

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The people in my life know me as the “sustainable” one. I’m the person who makes every decision guided by my ethics and concern for the environment. I quit fast fashion years ago, I eat a vegan diet, am strict about o...

Chancellor limbers up for bitter row over pension triple lock

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Abandoning the pension triple lock on state pensions, even for a single year, would guarantee a bitter row, so one can understand why the chancellor limbered up for the task with a round of hints and equivocation. Not...

It’s pointless attacking Britain’s pension increase. Ultimately we’ll all benefit from it

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Britain is a nation of pensioners (around a quarter of the population) and aspirational pensioners (everybody else). Old age is not something the young tend to want to contemplate but it will descend on most of us, an...

The pension triple-lock is an insult to the UK’s young people

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Here’s a tale of two generations, the pensioners and young workers. As the pandemic furlough winds down this week, one generation is destined for a mighty windfall from the government while the other gets nothing. The...

Widow’s shock as Aviva ‘hidden’ pension loses £7,919 in two months

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My husband died of cancer in 2018. He had a pension with Aviva that I didn’t know about, and which I only discovered by chance when Aviva sent him a statement in February. I was sent a claim pack, and I provided all t...

Over 50? It’s not too late to start saving in a pension

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The secret to a financially happy retirement? It’s £26,000 a year for a couple or £19,000 for a single-person household. That was the headline finding from research this week by Which?, the consumer body, which survey...

Macron says French pension changes will not go ahead as planned

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Emmanuel Macron has said his controversial pension changes, the biggest single revamp of the French system since 1945, will not go ahead as planned as he again refused to say whether he would run for another five-year...

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