#pensions

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#reproductive-rights

Day of shame': Labour will not pay Waspi women compensation, Liz Kendall announces

The Independent focuses on vital current issues, striving to provide accessible journalism without paywalls, emphasizing the importance of ground reporting.

Watch live: Starmer grilled by senior MPs after Waspi compensation backlash

The Independent focuses on critical social issues while promoting accessible journalism for all, supported by reader donations.

Starmer defends Waspi women betrayal' as MPs challenge him over broken promises

The Independent emphasizes the importance of credible journalism and public support, especially on pressing issues like reproductive rights and government accountability.

Day of shame': Labour will not pay Waspi women compensation, Liz Kendall announces

The Independent focuses on vital current issues, striving to provide accessible journalism without paywalls, emphasizing the importance of ground reporting.

Watch live: Starmer grilled by senior MPs after Waspi compensation backlash

The Independent focuses on critical social issues while promoting accessible journalism for all, supported by reader donations.

Starmer defends Waspi women betrayal' as MPs challenge him over broken promises

The Independent emphasizes the importance of credible journalism and public support, especially on pressing issues like reproductive rights and government accountability.
morereproductive-rights
#retirement-savings

Automatically enrol young staff into workplace pension schemes, says IFS

Automatic enrollment into pensions for workers as young as 16 is necessary to ensure adequate retirement savings.

Why States Are Offering Workers at Private Companies Access to I.R.A.s

States are implementing auto-I.R.A.s to help address the retirement savings gap for private-sector employees.

Tax-free withdrawals from pension pots surge amid fears over autumn budget

Savers are withdrawing cash from pension pots due to fears of tax changes in the upcoming budget.

The impact of Labour's National Insurance hike on pension pots - London Business News | Londonlovesbusiness.com

The 1.2% increase in employer NI contributions could lead to lower salary increases and pension contributions for employees.

Most people who are due to be signed up for new pension scheme unaware of it

The upcoming My Future Fund scheme indicates a shift in Ireland's pension structure to enhance retirement savings awareness and accessibility.

Automatically enrol young staff into workplace pension schemes, says IFS

Automatic enrollment into pensions for workers as young as 16 is necessary to ensure adequate retirement savings.

Why States Are Offering Workers at Private Companies Access to I.R.A.s

States are implementing auto-I.R.A.s to help address the retirement savings gap for private-sector employees.

Tax-free withdrawals from pension pots surge amid fears over autumn budget

Savers are withdrawing cash from pension pots due to fears of tax changes in the upcoming budget.

The impact of Labour's National Insurance hike on pension pots - London Business News | Londonlovesbusiness.com

The 1.2% increase in employer NI contributions could lead to lower salary increases and pension contributions for employees.

Most people who are due to be signed up for new pension scheme unaware of it

The upcoming My Future Fund scheme indicates a shift in Ireland's pension structure to enhance retirement savings awareness and accessibility.
moreretirement-savings
#retirement

Elderly Mexican migrants: When we grow old, neither Mexico nor the United States wants us'

Many elderly Mexican migrants lack sufficient pensions or savings, complicating retirement as they age.

Warning over unsettling' pension trend which could wipe out savings

Pensioners are increasingly withdrawing large sums from their pensions, risking running out of funds in retirement.

UK's pension sector falls outside top 10 in global rankings

The UK has dropped to 11th place in global pension system rankings, reflecting challenges in retirement savings.

Tim Walz's Finances Stunned Some People. They Shouldn't Have.

Gov. Tim Walz, despite his modest net worth, does not own any investments or a home, which sets him apart from the average politician.
Having a pension as the sole retirement fund is uncommon in today's financial landscape, with fewer private-sector workers having access to pensions.

DWP union sues city of L.A. over pension double-dipping

The union sued the city for allowing retired employees from other departments to work at the utility while collecting a pension.

Elderly Mexican migrants: When we grow old, neither Mexico nor the United States wants us'

Many elderly Mexican migrants lack sufficient pensions or savings, complicating retirement as they age.

Warning over unsettling' pension trend which could wipe out savings

Pensioners are increasingly withdrawing large sums from their pensions, risking running out of funds in retirement.

UK's pension sector falls outside top 10 in global rankings

The UK has dropped to 11th place in global pension system rankings, reflecting challenges in retirement savings.

Tim Walz's Finances Stunned Some People. They Shouldn't Have.

Gov. Tim Walz, despite his modest net worth, does not own any investments or a home, which sets him apart from the average politician.
Having a pension as the sole retirement fund is uncommon in today's financial landscape, with fewer private-sector workers having access to pensions.

DWP union sues city of L.A. over pension double-dipping

The union sued the city for allowing retired employees from other departments to work at the utility while collecting a pension.
moreretirement
#social-security

What to know about the congressional push to expand some Social Security benefits

Legislation passed to enhance Social Security benefits for 2.8 million people by repealing restrictive policies.

Congress Could Vote On Major Social Security Changes Before December 20th?

The Social Security Fairness Act proposes changes to ensure government workers receive full Social Security benefits despite their pensions.

What to know about the congressional push to expand some Social Security benefits

Legislation passed to enhance Social Security benefits for 2.8 million people by repealing restrictive policies.

Congress Could Vote On Major Social Security Changes Before December 20th?

The Social Security Fairness Act proposes changes to ensure government workers receive full Social Security benefits despite their pensions.
moresocial-security
#uk-government

Starmer refuses four times to apologise to pensioners for axing winter fuel payments

Sir Keir Starmer avoided apologizing to pensioners for cutting winter fuel payments during an interview, blaming the previous government instead.

WW2 veteran urges PM to end 'brutal' frozen pension policy

Sir Keir Starmer has a crucial opportunity to change the policy on frozen pensions for UK pensioners living abroad.

Pensioners rush to buy heat-saving products ahead of winter fuel allowance cuts

Pensioners in the UK are seeking energy-efficient solutions as winter fuel payments are cut, impacting their ability to afford heating.
DIY retailers see a surge in sales as the government cuts winter fuel payments for millions, forcing pensioners to retrofit homes.

Starmer refuses four times to apologise to pensioners for axing winter fuel payments

Sir Keir Starmer avoided apologizing to pensioners for cutting winter fuel payments during an interview, blaming the previous government instead.

WW2 veteran urges PM to end 'brutal' frozen pension policy

Sir Keir Starmer has a crucial opportunity to change the policy on frozen pensions for UK pensioners living abroad.

Pensioners rush to buy heat-saving products ahead of winter fuel allowance cuts

Pensioners in the UK are seeking energy-efficient solutions as winter fuel payments are cut, impacting their ability to afford heating.
DIY retailers see a surge in sales as the government cuts winter fuel payments for millions, forcing pensioners to retrofit homes.
moreuk-government
#retirement-planning

Finance Bill change 'bombshell' leaves auto-enrolment scheme with tax sting

The new Finance Bill changes could raise pension taxes for auto-enrolment participants.
Experts warn the changes may lead to a tax rate of up to 47% for retirees.

I'm in my 40s and most of the advice I'm seeing is to have $5.5 million saved for retirement, but I only have $150k saved and not sure where to go from here

With a modest pension and benefits, the Redditor is closer to his retirement goal than he thinks.

Two million self-employed workers face pension crisis, warns IFS

The UK self-employed workforce faces a pensions crisis with inadequate savings.
Only 25% of self-employed individuals are expected to retire with sufficient income.

Finance Bill change 'bombshell' leaves auto-enrolment scheme with tax sting

The new Finance Bill changes could raise pension taxes for auto-enrolment participants.
Experts warn the changes may lead to a tax rate of up to 47% for retirees.

I'm in my 40s and most of the advice I'm seeing is to have $5.5 million saved for retirement, but I only have $150k saved and not sure where to go from here

With a modest pension and benefits, the Redditor is closer to his retirement goal than he thinks.

Two million self-employed workers face pension crisis, warns IFS

The UK self-employed workforce faces a pensions crisis with inadequate savings.
Only 25% of self-employed individuals are expected to retire with sufficient income.
moreretirement-planning
#regulation

Greater focus on pension investments can not only improve saver outcomes - London Business News | Londonlovesbusiness.com

The Pensions Regulator calls for enhanced investment transparency and strategies to improve saver outcomes and contribute to economic growth.

TPR is changing as pension schemes move towards systemically important size - London Business News | Londonlovesbusiness.com

Rapid growth in workplace pension schemes necessitates putting in place more prudential-style regulations to protect savers from systemic risks.

Greater focus on pension investments can not only improve saver outcomes - London Business News | Londonlovesbusiness.com

The Pensions Regulator calls for enhanced investment transparency and strategies to improve saver outcomes and contribute to economic growth.

TPR is changing as pension schemes move towards systemically important size - London Business News | Londonlovesbusiness.com

Rapid growth in workplace pension schemes necessitates putting in place more prudential-style regulations to protect savers from systemic risks.
moreregulation

Government to review second miners' pension scheme

The government is set to review a pension scheme benefiting former mineworkers after criticism over excluding certain groups from recent financial adjustments.
#human-rights

Czech Republic raises pensions for former dissidents DW 11/21/2024

Many former dissidents in Czech Republic continue to work beyond retirement age due to inadequate pensions stemming from past repression.

Agnes Flues obituary

Agnes Flues was a principled trade unionist known for successful campaigns and leadership at the University and College Union.

Czech Republic raises pensions for former dissidents DW 11/21/2024

Many former dissidents in Czech Republic continue to work beyond retirement age due to inadequate pensions stemming from past repression.

Agnes Flues obituary

Agnes Flues was a principled trade unionist known for successful campaigns and leadership at the University and College Union.
morehuman-rights
#investment

New Pension Schemes Bill: What you need to know about the megafunds shake-up

Chancellor Rachel Reeves plans to create pension megafunds for £80 billion investment in business and infrastructure to boost UK's economic growth.

Belgium-based fintech firm Easyvest raises 13M

Easyvest secures €13M investment to enhance pension options for SMEs using modern digital tools and ETFs.

New Pension Schemes Bill: What you need to know about the megafunds shake-up

Chancellor Rachel Reeves plans to create pension megafunds for £80 billion investment in business and infrastructure to boost UK's economic growth.

Belgium-based fintech firm Easyvest raises 13M

Easyvest secures €13M investment to enhance pension options for SMEs using modern digital tools and ETFs.
moreinvestment
#inheritance-tax

The inheritance tax rules you need to know to avoid paying a bill

Pensions will be subject to inheritance tax starting in 2027, affecting estate planning for families.

Chancellor's Halloween Budget could raise inheritance tax or CGT at death - London Business News | Londonlovesbusiness.com

Potential increases in taxes on wealth transfer at death are expected amid speculation before the upcoming Budget.

What budget 2024 means for your personal finances

The triple lock on pensions will increase the state pension by 4.1% from April next year.

The inheritance tax rules you need to know to avoid paying a bill

Pensions will be subject to inheritance tax starting in 2027, affecting estate planning for families.

Chancellor's Halloween Budget could raise inheritance tax or CGT at death - London Business News | Londonlovesbusiness.com

Potential increases in taxes on wealth transfer at death are expected amid speculation before the upcoming Budget.

What budget 2024 means for your personal finances

The triple lock on pensions will increase the state pension by 4.1% from April next year.
moreinheritance-tax
#boeing

At the heart of the Boeing strike, an emotional fight over a lost pension plan

Boeing workers are striking primarily for the restoration of their traditional pension plan, lost a decade ago, amid ongoing disputes with the company.

As Boeing strike continues, a major sticking point for union members is revealed

Boeing factory workers are on strike, demanding the restoration of their pensions that were frozen a decade ago.

Boeing workers' anger over lost pensions behind vote to continue 6-week machinists strike

Boeing workers are striking primarily for the restoration of their pension plans lost a decade ago.

Boeing machinists strike finally ends as workers vote to accept contract with 38% raise-but no pension

The contract ratified by Boeing workers includes a 38% wage increase, but the company did not agree to restore the frozen pension plan.

At the heart of the Boeing strike, an emotional fight over a lost pension plan

Boeing workers are striking primarily for the restoration of their traditional pension plan, lost a decade ago, amid ongoing disputes with the company.

As Boeing strike continues, a major sticking point for union members is revealed

Boeing factory workers are on strike, demanding the restoration of their pensions that were frozen a decade ago.

Boeing workers' anger over lost pensions behind vote to continue 6-week machinists strike

Boeing workers are striking primarily for the restoration of their pension plans lost a decade ago.

Boeing machinists strike finally ends as workers vote to accept contract with 38% raise-but no pension

The contract ratified by Boeing workers includes a 38% wage increase, but the company did not agree to restore the frozen pension plan.
moreboeing
#government-policy

Pension increases promised as parties target 'grey vote' in election bidding war

Fine Gael pledges to increase the state pension to €350 weekly as part of its election strategy targeting older voters.

Will we freeze to death?': trepidation in England's snowiest village over loss of winter fuel payment

The potential abolition of winter fuel payments raises concerns for vulnerable residents in Copley, especially during harsh winter months.

Raiding pensions isn't the answer - London Business News | Londonlovesbusiness.com

Government must handle Budget carefully, especially regarding pensions to secure public confidence.

Pension increases promised as parties target 'grey vote' in election bidding war

Fine Gael pledges to increase the state pension to €350 weekly as part of its election strategy targeting older voters.

Will we freeze to death?': trepidation in England's snowiest village over loss of winter fuel payment

The potential abolition of winter fuel payments raises concerns for vulnerable residents in Copley, especially during harsh winter months.

Raiding pensions isn't the answer - London Business News | Londonlovesbusiness.com

Government must handle Budget carefully, especially regarding pensions to secure public confidence.
moregovernment-policy
#financial-planning

Splitting up? How a divorce or separation can wipe out your pension

In divorce discussions, pensions are often overlooked, but they may be the largest asset couples share.

The 10 Most Common Ways Americans Generate Retirement Income Outside Social Security

Retirement income can come from various sources beyond social security, such as accounts, pensions, and investments.

Splitting up? How a divorce or separation can wipe out your pension

In divorce discussions, pensions are often overlooked, but they may be the largest asset couples share.

The 10 Most Common Ways Americans Generate Retirement Income Outside Social Security

Retirement income can come from various sources beyond social security, such as accounts, pensions, and investments.
morefinancial-planning
#miami-city-commission

Miami Commissioner Miguel Gabela now wants to 'undo' controversial pension vote

Miami Commissioner Gabela seeks to rescind recent lifetime pensions for officials, proposing a voter referendum instead amidst public backlash.

Miami city commissioners approve lifetime pensions for themselves: 'It's a 24-hour job'

Miami's City Commission approved lifetime pensions for elected officials, reviving a previously frozen program.
The decision sparked debate on ethics and self-dealing among the commissioners.

Miami commission chairwoman defends comments about 'mean and miserable' residents

Miami Commissioner Christine King defends her controversial statement describing voters as 'mean and miserable', following a contentious pension vote.

Miami Commissioner Miguel Gabela now wants to 'undo' controversial pension vote

Miami Commissioner Gabela seeks to rescind recent lifetime pensions for officials, proposing a voter referendum instead amidst public backlash.

Miami city commissioners approve lifetime pensions for themselves: 'It's a 24-hour job'

Miami's City Commission approved lifetime pensions for elected officials, reviving a previously frozen program.
The decision sparked debate on ethics and self-dealing among the commissioners.

Miami commission chairwoman defends comments about 'mean and miserable' residents

Miami Commissioner Christine King defends her controversial statement describing voters as 'mean and miserable', following a contentious pension vote.
moremiami-city-commission

Will Miami mayor veto lifetime pensions for himself and city commissioners? He won't say

Miami city commissioners voted for lifetime pensions, raising public criticism and ethical questions, with significant fallout expected depending on Mayor Suarez's response.

District 7 candidates: Do you support Propositions F and H?

Candidates express strong support for police and firefighter pension reforms to address workforce challenges and health risks.

Reeves opts to not raise tax on pension contributions in October budget

Rachel Reeves refrains from increasing tax on pension contributions to protect public sector workers' recent pay gains.

Multi-pot pension culture: A fifth of people have lost track of one of their pension pots - London Business News | Londonlovesbusiness.com

Many people with multiple pensions struggle to track them, with 19% losing track and 73% not consolidating due to various challenges.

Taboola Data Reveals; Benefits Top of the Agenda for Brits in September

The DWP was the most discussed topic in the UK, driven by benefit changes and fraud concerns.

'I think there's a bit of mischief going on' -Micheal Martin says rumour of 15 pension hike is 'spin'

Micheál Martin disputed claims of a potential €15 pension rise, asserting the agreed increase is only €12, and emphasized no official discussions suggested otherwise.
#labour-government

No further pensioner support over winter fuel - No 10

The Labour government will not restore winter fuel payments for pensioners, citing budgetary constraints and a focus on economic stability.

Winter fuel: thousands more could lose benefit if it becomes means tested, data suggests

175,000 pensioners may lose winter fuel allowance if it becomes means tested, raising concerns about welfare dependency in the UK.

Labour minister's message to pensioners after winter fuel payment cut

The Labour government faces tough decisions regarding winter fuel payments due to financial constraints.

No further pensioner support over winter fuel - No 10

The Labour government will not restore winter fuel payments for pensioners, citing budgetary constraints and a focus on economic stability.

Winter fuel: thousands more could lose benefit if it becomes means tested, data suggests

175,000 pensioners may lose winter fuel allowance if it becomes means tested, raising concerns about welfare dependency in the UK.

Labour minister's message to pensioners after winter fuel payment cut

The Labour government faces tough decisions regarding winter fuel payments due to financial constraints.
morelabour-government
#labour-party

Starmer accused of giving Sue Gray gold-plated pension' as pensioners face fuel cut

Keir Starmer's Labour is criticized for prioritizing senior officials' pensions over support for vulnerable pensioners amid cuts to winter fuel payments.

This winter fuel fiasco will save Labour 1.3bn this year. But it will cost Starmer more | Simon Jenkins

The debate over pensioners' winter fuel allowance showcases political maneuvering and virtue signaling rather than genuine concern for vulnerable populations.

Winter fuel payment: Labour accused of punishing' pensioners after allowance cut

Labour's decision to cut winter fuel allowance is seen as punitive against pensioners, but justified by addressing financial deficits.

Starmer accused of giving Sue Gray gold-plated pension' as pensioners face fuel cut

Keir Starmer's Labour is criticized for prioritizing senior officials' pensions over support for vulnerable pensioners amid cuts to winter fuel payments.

This winter fuel fiasco will save Labour 1.3bn this year. But it will cost Starmer more | Simon Jenkins

The debate over pensioners' winter fuel allowance showcases political maneuvering and virtue signaling rather than genuine concern for vulnerable populations.

Winter fuel payment: Labour accused of punishing' pensioners after allowance cut

Labour's decision to cut winter fuel allowance is seen as punitive against pensioners, but justified by addressing financial deficits.
morelabour-party

Launch of pension auto-enrolment scheme for thousands of workers delayd again

The implementation of auto-enrolment for pensions in Ireland has been delayed until next year, disappointing many stakeholders after years of promises.
#keir-starmer

Starmer dismisses Labour's own claim 4,000 will die because of winter fuel cut

Starmer acknowledges the struggles of pensioners due to fuel allowance cuts, yet deflects on future benefit commitments, emphasizing his record ahead of the election.

Winter fuel payments cut one of the worst decisions I have ever seen' says ex pensions minister

Former pensions minister Ros Altmann has called the plan to limit winter fuel payments one of the government's worst decisions, urging reconsideration.

Starmer dismisses Labour's own claim 4,000 will die because of winter fuel cut

Starmer acknowledges the struggles of pensioners due to fuel allowance cuts, yet deflects on future benefit commitments, emphasizing his record ahead of the election.

Winter fuel payments cut one of the worst decisions I have ever seen' says ex pensions minister

Former pensions minister Ros Altmann has called the plan to limit winter fuel payments one of the government's worst decisions, urging reconsideration.
morekeir-starmer

Labour urged to consider 9bn tax on staff pensions to curb government spending

The Resolution Foundation advocates for a £9bn tax on pension contributions to curb rising government spending, despite fears it may reduce employer pensions.
from www.theguardian.com
3 months ago

UK wages figures will affect state pension, interest rates and Rachel Reeves

The annual increase in average earnings significantly impacts the calculation of pension adjustments under the triple lock, set to rise by over £460 next year.

Pensions to receive a 400 boost this winter - London Business News | Londonlovesbusiness.com

Strong wage growth could mean a boost of over £400 for pensioners this winter, despite the scrapping of winter fuel allowance.

Reeves could raise 10bn a year by reducing pension tax relief, report says

Radical pension tax relief reforms could raise £10bn annually and address public finance shortfalls, according to the Fabian Society.

Pensioner, 90, fears he won't survive winter due to fuel payment cuts

Pensioner Roy Roots expresses fear of winter survival due to potential fuel payment cuts exacerbating reliance on limited resources.

Europe pension crisis: Why workers need to take more control DW 08/15/2024

Europe faces a demographic challenge with an aging population and unsustainable pension systems.

NY pols push to pad teacher, cop, gov't worker pensions - and sock taxpayers with whopping $4B bill

State lawmakers consider pension boost for government workers, raising concerns about $4 billion costs.
Proposed changes could impact taxpayers, including $163 million added annual pension costs for NYC.

Meet the boomers cashing in on the golden age of retirement

Some retirees in the US are entering a comfortable retirement with significant savings due to pensions and investments.

Ed Davey denies Lib Dems tend to oppose housebuilding

Voters discuss key issues like NHS and pensions while cruising on a canal, showing diverse election concerns.
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