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#pensions

8 posts6 participants1 post today
Public
Emeritus Prof Christopher May

Nor for the first time companies have reduced their contributions (by an inflation adjusted 30% over the past 3 years) when interest rates have been rising & future liabilities are again fully covered.

However, the continued closure of DB schemes to be replaced by defined contribution pensions has also likely contributed to this funding drop, as pension risk(s) are passed to workers.

Companies are reducing staff benefits quietly (which is reducing pay, really)!

#workers #pensions
h/t FT

Public
Jon PENNYCOOK

'Exclusive: the state pension is being siphoned off abroad
And HMRC has no idea where it’s going to.'

newstatesman.com/politics/econ

'the National Pension Helpline has put together a handy guide for Irish citizens who want to cheaply purchase a retirement funded by the British taxpayer. Australian media advertises the fact that a state pension worth “thousands of dollars” can be bought cheaply by Australians who live in Australia'

#UK#pensions#Ireland
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