The Top 10 Largest Pension Liabilities

There’s no doubting that pension schemes have grown significantly in recent years. Attempts made by companies to stem the growth of pension liabilities by closing defined benefit schemes to new staff have had little, if any impact. The affect of higher life expectancy, low gilt yields, and other economic factors have contributed to the spiraling … More The Top 10 Largest Pension Liabilities

If a former pensions minister cashes in her final salary plans, perhaps you should too

There are few more entrenched articles of faith in personal finance than the huge value of final salary pensions and the folly of cashing them in. The security of a guaranteed income, usually inflation-linked, for your life (or your spouse’s), with all the investment risk and administrative hassle taken care of by your former employer, … More If a former pensions minister cashes in her final salary plans, perhaps you should too

I Don’t Need Life Insurance, My Company Provides That!

When speaking to clients about their life insurance needs, the response I often get is ‘I don’t need that, my company provides life insurance for me’. This may indeed be true, but when asked about the level of cover in place, most people cannot give an answer. Death in Service The majority of employers in … More I Don’t Need Life Insurance, My Company Provides That!

A Bleak Future for Younger Pension Savers

People aged 50 and under are fated to receive lower pensions than their older counterparts, research shows, amid fears that impending cuts to tax relief on pensions will worsen inequality between the generations. According to calculations carried out for Telegraph Money by Hargreaves Lansdown, people in their 60s and 70s have received tax relief at … More A Bleak Future for Younger Pension Savers

Shell cuts 10,000 jobs after fall in profits

Shell has confirmed it is slashing 10,000 jobs as figures reveal its steepest fall in annual profits for 13 years. The energy giant made $1.8bn (£1.23bn) profit for the fourth quarter of 2015, down from $3.3bn for the same period the previous year. Total earnings for 2015 were $3.8bn, compared with $19bn in 2014. Two … More Shell cuts 10,000 jobs after fall in profits