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Wed 23 Apr 2014 16:38 GMT
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Pension Forecast News

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  • FSA to amend pension predictions

    5 Nov at 10 AM - Store Link »» FSA to amend pension predictions The Financial Services Authority has announced that changes are to be made to the system used by pension providers to calculate the predicted value of a pension. Projected investment returns will have to be reduced in 2014 because they are currently unrealistic, the FSA said. At the moment pension companies give either five, seven or nine...
  • People expected to work longer as pension bill doubles

    28 Sep at 9 AM - Store Link »» People expected to work longer as pension bill doubles An increase in the number of people claiming a state pension over the next two decades will see the cost double to around £120 billion according to the latest official figures. This year’s bill is estimated to be £63 billion. Today the state pension is worth £107.45 per week and there are around 13 million pensioners in the UK. However...
  • UK companies to pay extra £80 million to Pension protection Fund

    26 Sep at 9 AM - Store Link »» UK companies to pay extra £80 million to Pension protection Fund The UK’s Pension Protection Fund has announced that it will be increasing the levy on British firms running defined benefit pension schemes to £630 million. This is a rise of £80 million on this year’s prediction that the charge would be around £550 million. The PPF currently covers 6,432 schemes which have a combined deficit of £280...
  • Pensioners live longest in Somerset

    23 Apr at 12 PM - Store Link »» Pensioners live longest in Somerset A recent study into life expectancy in Britain shows that pensioners are likely to live longest if their home is in Somerset’s Hinton St George. Those with the shortage life expectancy live in Merseyside’s Bootle. The research was conducted by actuaries Towers Watson and revealed that most of the top 15 places where people are...
  • IMF issues stark economic warning to UK on life expectancy

    12 Apr at 2 PM - Store Link »» IMF issues stark economic warning to UK on life expectancy A warning has come from the International Monetary Fund that if life expectancy for those living in the UK rises by just three years over what has been predicted, the economy could crash. The stark prediction comes as the body advises the UK government to increase the age of retirement. The implications of increased longevity are severe...
  • Golden age of pensions is over

    2 Apr at 12 PM - Store Link »» Golden age of pensions is over Steve Webb, the government’s Pensions Minister, has warned that the world of pensions is about to change dramatically. Analysis by the Department for Work and Pensions indicates that the average final salary scheme is likely to peak in 2012 at around £7,100. However, by 2060 it predicts that the value will have fallen to £2,400 per...
  • Pension plans may be hit by lower death rates

    7 Feb at 6 PM - Store Link »» Pension plans may be hit by lower death rates As reported by the BBC, the mortality rates of Wales and England went down again in 2011, possibly resulting in a direct effect on pensions, suggest actuaries. The number of deaths went down to 484,000 last year, according to official data. Configuring the data, the Actuarial Profession reported the death rate declined by 4% - falling from...
  • National pension scheme hit by delay

    26 Jan at 4 PM - Store Link »» National pension scheme hit by delay The new Government scheme, which will automatically register every employee into a company pension plan, has been hit by further delays. Pensions minister Steve Webb confirmed the scheme will not be ready until October 2018, 24 months later than originally planned. By this new date, companies of all sizes will be obligated to contribute...
  • January rally is good news for pensions

    23 Jan at 12 PM - Store Link »» January rally is good news for pensions Due to the stock market recording its best new year in more than two decades, many of Brits have seen the value of their pensions increase. With the biggest January increase seen in the FSTE 100 for Britain’s top companies in 23 years, thousands of pounds are set to go into private sector pensions. The news will be welcomed by those on...