Life & Pensions News
Pensioners bear brunt of British inflation
LONDON (Reuters) - Pensioners have seen the average cost of living soar by more than a third during the past 10 years, research showed on Saturday. Full Article
Company pension funds dip into red
LONDON (Reuters) - UK blue-chip company pension funds slipped back into the red in June, due to falling share markets and higher inflation expectations, pension consulting firm Watson Wyatt said on Tuesday. Full Article
Pensions shunned to fund kids' education
LONDON (Reuters) - A quarter of parents are cutting the pension saving to fund their children's education, a poll shows. Full Article
More Life & Pensions News
L&G sees 10 billion pound pensions buyout market
LONDON (Reuters) - The pensions buyout insurance market could hit 10 billion pounds this year and may see the first 1 billion pound deal, said Legal & General, one of the market's leaders. Full Article
AXA taps appetite for investments with guarantees
LONDON (Reuters) - French insurer AXA is set to tap UK appetite for investments with guarantees, hoping to cash in on a segment that could make up 40 percent of the growing annuity market within a decade, its UK head said. Full Article
"Postcode" annuities to hit the affluent
LONDON (Reuters) - Norwich Union is poised to shake-up the annuity market with new pricing that could leave those living in affluent neighbourhoods worse off in retirement. Full Article
HSBC plans pension changes for 58,000 staff
LONDON (Reuters) - HSBC is proposing changes to the pensions of its 58,000 staff in Britain, which could see the normal retirement age raised to 65 from 60 and a third of workers asked to contribute to a final-salary scheme. Full Article
Workers to retire on less than minimum wage
LONDON (Reuters) - British workers are on course to retire on little over 200 pounds a week -- less than the current minimum wage, research shows. Full Article
Pension Corp agrees buyout of Delta pension plan
LONDON (Reuters) - Pension Corporation, the specialist pension manager, agreed a 451 million pound buyout that will secure the benefits of the pension plan of steel products group Delta, the group said on Thursday. Full Article
PPF levy factor hike draws heavy fire
LONDON (Reuters) - The pensions lifeboat fund on Friday raised by more than 50 percent a key element of the levy that pension schemes must pay, sparking criticism from the industry. Full Article
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