Greene King strikes £50m deal with Scottish Widows to cover pension liabilities September 17, 2018 Pub chain Greene King today announced it had struck a £50m deal with Scottish Widows to cover some of its pension liabilities. The company's first so called bulk annuity transfer will see Scottish Widows cover Greene King's responsibilities to pensioners in its final salary Spirit Pension Scheme. There may also be future moves to secure further annuities in [...]
Greene King strikes £50m deal with Scottish Widows to cover pension liabilities September 17, 2018 Pub chain Greene King today announced it had struck a £50m deal with Scottish Widows to cover some of its pension liabilities. The company's first so called bulk annuity transfer will see Scottish Widows cover Greene King's responsibilities to pensioners in its final salary Spirit Pension Scheme. There may also be future moves to secure further annuities in [...]
Revealed: the most expensive tracker funds September 13, 2018 | City Talk Passive investments have been growing in popularity in recent years. In contrast to ‘active’ funds that employ fund managers to try and select the best performing investments, passive investments or ‘trackers’ simply aim to replicate the performance of an index, say, the FTSE 100, usually by holding all or most of the constituents. Investors are [...]
British Airways pension scheme strikes landmark £4.4bn deal with L&G September 13, 2018 British Airways (BA) has this morning struck a bumper deal to insure £4.4bn worth of pension liabilities in its Airways Pension Scheme (APS). Insurer Legal & General will cover the enormous pension buy-in, which represents the largest ever so called bulk annuity transfer with a UK pension scheme. The contract will see L&G agree to [...]
British Airways pension scheme strikes landmark £4.4bn deal with L&G September 13, 2018 British Airways (BA) has this morning struck a bumper deal to insure £4.4bn worth of pension liabilities in its Airways Pension Scheme (APS). Insurer Legal & General will cover the enormous pension buy-in, which represents the largest ever so called bulk annuity transfer with a UK pension scheme. The contract will see L&G agree to [...]
Six warning signs for fund investors September 11, 2018 | City Talk Knowing when to avoid or sell a fund can be tricky. Rob Morgan highlights some of the warning signs Charles Stanley’s Collectives Research Team look out for and how they spot them. Fund manager change This is probably the most obvious warning sign, but it doesn’t necessarily make the fund a ‘sell’. Many funds [...]
Pension schemes urged to be transparent about whether they’re making ‘socially responsible’ investments September 11, 2018 Savers will be able to easily check whether their pension is being invested in ethical or environmentally friendly investments in new measures outlined by the government today. Regulations expected to be brought in this week will require trustees of schemes to disclose where people's savings are going. Pension scheme members will be able to see [...]
Debate: Given concerns that pension transfers are too generous, should people be allowed to cash out of defined benefit schemes? September 10, 2018 Given concerns that pension transfers are too generous, should people be allowed to cash out of defined benefit schemes? Yes – Steve Webb is director of policy at Royal London For most people who have built up valuable pension rights in a salary-related pension scheme, leaving their rights in the scheme will be the best [...]
One in five FTSE 350 firms still aren’t transparent about their pension deficit September 10, 2018 One in five of the UK's 350 biggest firms are still are not disclosing the funding position or surplus of their defined benefit (DB) pension scheme. Though that represents a major drop from 2016, when the figure was over two-thirds (67 per cent), the figures from Lincoln Pensions highlight the continuing issue with transparency around [...]
Does your child have a forgotten £1,000 nest egg? September 7, 2018 | City Talk Child Trust Funds (CTFs) were once a popular way to save for children. They were introduced in April 2005 to encourage long-term saving and give all children a financial boost by the time they reached 18. The government sent vouchers to parents of between £250 and £500 to give accounts a head start, and family [...]