Defined benefit pension funding level fails to improve for FTSE 350 firms April 3, 2016 The deficit carried on defined benefit (DB) pension schemes by FTSE 350 companies has barely budged over the last year, according to figures released late last week. The study by JLT Employee Benefits discovered that, at the end of March 2016, FTSE 350 firms only held assets that covered 86 per cent of the liabilities of [...]
**Lack of clarity on NLW rate could put investment at risk – Social Market Foundation March 31, 2016 NULL
Over half of over 50s depending on the new state pension to keep them afloat in their retirement March 31, 2016 Whether it's warnings from Waspi about women's state pension age or mutterings from MPs about how complicated the new state pension is, there's a lot of doubt floating about over what the state pension will look like in the future. However, that hasn't stopped some soon to be retirees treating it as the cornerstone of [...]
Here’s the UK’s “crash for cash” insurance fraud capital March 31, 2016 It may be a central part of the Midlands engine, but Birmingham also tops a different kind of motor-centric list. Birmingham has today been named the UK's crash for cash capital, with one out of every four fraudulent claims occurring in this city. The research by insurance company Aviva discovered that crash for cash incidences, in which fraudsters [...]
Four ways scammers could break into your pension pot March 31, 2016 If you think you'd know a pension scam when you see it, think again. According to a report by Citizens Advice released today, nearly nine out of ten (88 per cent) people are oblivious to the common tricks that pension fraudsters pull, despite three-quarters (76 per cent) feeling confident that they were crafty enough to avoid [...]
Chesnara year ended December 2015 profits bolstered by Dutch deal March 31, 2016 Chesnara today announced a boost to its profits for its year ended December 2015, thanks partly to its recent acquisition of a Dutch closed book insurance company. Chesnara, which specialises in takeovers in the pensions and insurance sector, revealed that its profits before tax had increased to £42.8m, up from £28.8m the year before. The company completed its purchase [...]
European Court of Human Rights rules that UK prosecutors correct not to charge officers in Jean Charles de Menezes police shooting case March 30, 2016 The European Court of Human Rights (ECHR) has today decided, by 13 votes to four, that UK prosecutors were correct not to charge individual police officers over the fatal shooting of Jean Charles de Menezes. De Menezes, a Brazilian national, was fatally shot in July 2005 at Stockwell tube station when police mistook him for a suicide bomber. The [...]
Bar Standards Board gains approval to license Alternative Business Structures March 30, 2016 Legal eagles, here's an acronym game to entertain you on your commute home: LSB BSB ABS OMG! For those who require a more detailed explanation, the Legal Services Board (LSB) has today approved the Bar Standards Board's (BSB) application to become a licensing authority for alternative business structures (ABS). An ABS, which were introduced under the Legal Services [...]
