fromSilicon Canals
1 day agoRetirement
Bernard Jackman is a former professional rugby player and coach turned rugby pundit, public speaker and performance consultant. He played for Connacht, Leinster, and Sale Sharks.
LCL have been brilliant to me for 20 years. They regularly win best customer service awards for a reason. Like many respondents, he also has an internet bank, adding: Wise is great for online money transfers.
We're seeing more frequent, more severe extreme weather events and that inevitably affects claims and affects pricing it can't not. And this is happening all over the globe. More, after this week's most important reads.
MLPs compete directly with bonds for yield-seeking capital, making the Federal Reserve's rate trajectory the most important external variable for AMZA. The Fed has cut rates 75 basis points over the past year to a current target of 3.75%, and the 10-year Treasury has pulled back to 4.08% after peaking at 4.29% in early February. That decline has widened the spread between MLP distributions and risk-free alternatives, contributing to the rally across holdings.
A market downtown in the first few years of retirement, combined with regular withdrawals, can permanently damage a portfolio's ability to sustain income over time. The same downturn occurring 10 or 15 years later, when withdrawals have already been funded by earlier growth, does far less harm.
Nearly nine in 10 higher-risk pension funds have failed to match the performance of the FTSE 100 over the past five years, according to new analysis that raises fresh concerns about retirement outcomes for millions of savers. Research by Investing Insiders examined almost 13,000 personal and workplace pension funds holding more than £1tn in assets between December 31, 2020 and December 31, 2025. Funds in the medium-high and high-risk categories were benchmarked against the FTSE 100 over the same period.
Thanks to a provision in the Secure 2.0 retirement legislation, high-income earners (with $150,000 or more in FICA income in the prior year) who are over 50 and investing in 401(k) or other company retirement plans must make catch-up contributions to their plans' Roth option, rather than traditional tax-deferred contributions, starting this year.
Hilary Hodge suffers from severe allergic asthma. But in 2012, she saw hope in biologic medication. There was one catch: She was living in the United States at the time, and biologics would cost her $36,000 a year. A few years later, she moved to Algiers, France, with her husband. Across the pond, that same medical treatment was 12 times cheaper.
For the first time since the end of the second world war, France has recorded more deaths than births, suggesting that the country's long-held demographic advantage over other EU countries is slipping away. Across the country in 2025, there were 651,000 deaths and 645,000 births, according to newly released figures from the national statistics institute Insee. France had long been an exception across Europe, with birthrates that topped many of its neighbours'.
Currently, pension savings are not used for estate valuations when calculating IHT charges when someone dies. This means money left in a pension can be passed on without worrying about generating a tax bill. But from the new tax year in April 2027, pensions will be included in estate calculations. This creates a higher chance of pushing the value of an estate above the IHT threshold, currently 325,000.
A 65-year-old man today can expect to live to 84 years old, while a 65-year-old woman can expect to live until 86. For plan sponsors and advisers, that translates into a potential distribution horizon of at least 20 to 30 years. Without incorporating realistic longevity assumptions into glide path design, withdrawal strategies and income solutions, participants face a heightened risk of outliving their savings.
It's early 2025 and inside Equitable Holdings, CEO Mark Pearson is asking a simple but profound question: is 80% enough? Over the past three years, the company has undergone a sweeping transformation and launched a bold experiment to reinvent how a 160-year-old financial institution collaborates, innovates, and leads. This New Way of Working is designed to speed up decision-making, empower teams, and ignite a new culture of agility.
The European Central Bank said Friday it had fined French bank Credit Agricole €7.55 million ($9 million) for failing to properly identify climate change-related risks that could affect its balance sheet. "Credit Agricole did not sufficiently assess the materiality of its climate-related and environmental risks" by a deadline set after an investigation in 2024, the ECB said in a statement, adding the bank was late by "75 full days".
The plaintiff, hired in 2009 as a vice president in the French branch of Credit Suisse's UK operations, believed she had been discriminated against "because of her sex, her pregnancy and her status as a mother". In court, she cited about 10 incidents to support her claim, including "structural sex discrimination within the company" and the "sudden termination of her variable compensation coinciding with her pregnancy".