October 2013 - Charterbridge

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Monthly Archives: October 2013

Fees on former employees’ pensions may be slashed

Fees on former employees’ pensions may be slashed A crackdown on a little-known practice that can wipe out 25 per cent of a person’s retirement income was announced by ministers yesterday, alongside details of a proposed cap on pension fund charges. The Times, p. 47 Also appeared in : The Times, p.45, The Times, p.46 […]

Minister proposes cap on pension charges

Minister proposes cap on pension charges Steve Webb, the pensions minister, and Sajid Javid, the Treasury minister, yesterday announced that they intend to introduce a cap on pension scheme charges in an attempt to increase retirement funds. They have set the figure at 0.75 per cent, below the 1 per cent figure recommended by Labour. […]

Pensions poverty for 45-54 age group

Pensions poverty for 45-54 age group A new report warns that Britain’s nine million 45 to 54-year-olds are most at risk of poverty in retirement. This generation is the most financially squeezed in the land, burdened by bills and saving the least out of all other age groups. Nearly half have dependent children. More than […]

‘Magic pencil’ hides UK university pension deficit

‘Magic pencil’ hides UK university pension deficit The Universities Superannuation Scheme has now overtaken BT as the UK’s largest pension scheme, with official liabilities of £50bn at March 2013 and an £11.5bn deficit. This abstract from the Financial Times was produced by Kantar Media Financial Times FT fm, p. 6 USS targets new asset classes […]

Savers suffer as deposit rates dip

Savers suffer as deposit rates dip The state-backed trio of Halifax, Lloyds and Bank of Scotland were among lenders that took the knife to interest rates on deposit accounts. The highest-paying fixed-rate account, from Skipton building society, offers 3.5% over seven years. The best-buy Isa is a five-year fix from Leeds building society at 3.05%, […]

Expats press case for increases

Expats press case for increases Campaigners opposed to the government’s controversial “frozen” expat pensions policy have been asked to supply an urgent report to the government ahead of a parliamentary debate on the issue. This abstract from the Financial Times was produced by Kantar Media Financial Times Money, p. 2 Also appeared in : The […]

Help to Buy scheme could increase fraud, police warn

Help to Buy scheme could increase fraud, police warn The government’s flagship Help to Buy programme could cause a sharp rise in mortgage fraud, according to Superintendent Oliver Shaw, one of the most senior policemen tackling economic crime. This abstract from the Financial Times was produced by Kantar Media Financial Times, p. 4 Santander’s 123 […]

Jobless fall catches Bank off its guard

Jobless fall catches Bank off its guard The British Bankers’ Association (BBA) offered more evidence of reviving credit conditions yesterday as mortgage lending hit its highest level for almost four years. The Independent, p. 55 Also appeared in : The Times, p.48 Barclays plans new pay scheme Barclays is in discussion with shareholders about a […]

Britons struggle to save for rainy day

Britons struggle to save for rainy day A survey from Which? reveals that only a quarter of Britons are regularly saving money, and one in five has no savings at all. Almost half of those surveyed by Which? said they had no idea how they would cope with an unexpected expense. The Times, p. 18 […]