“Carillion pensioners could lose extra retirement payments”

Jan 16, 2018 | Pensions

The other aspect of the Carillion debacle is that all the various pensions it’s taken over and not funded, to the tune of £675m, will move into the Pension Protection Fund. This includes old schemes from the likes of Tarmac, McAlpine, John Laing and Mowlem, to name a few of which you may have heard.

One of my clients, whom I told to leave his funds put in a final salary scheme which went into the Protection Fund a few months later, has, after eight years, just received a backdated payment. Fortunately he’s still alive to enjoy it and I wish I’d recommended he transfer it, instead of doing the ‘right’ thing. But maybe hindsight’s the greatest gift of all.

Read more here

 

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“National insurance cut raises questions over state pension funding”

“National insurance cut raises questions over state pension funding”

In an election year, all parties will try to be all things to all men. Mostly, it’s only stuff which matters ‘on the doorstep’ which matters. In isolation, Mrs Miggins (not my invention) will be delighted that her pension has gone up with the highest measure of inflation; and no one running a business will be complaining that National Insurance has been reduced.

“Back to work for people aged 65”

“Back to work for people aged 65”

So is it ‘back to work’ or never stopping? And why? Because we’re cash-strapped and can’t afford to retire? Or healthier and realising that working can actually keep you healthy? Well, it all depends, of course.