Tag Archive
Scrap MPs Pension Scheme, says columnist
Telegraph columnist Nina Montagu-Smith has called for the scrapping of Members of Parliament’s final salary pension scheme, which allows them to build up a pension of £8,000 pa after just 5 years in office. This equates the income an ordinary citizen could expect from a personal pension pot of around £250,000 Five years as an... »
Pensions information shortfall
The Pensions Regulator has said some defined contribution pension schemes were not briefing members properly on how to use the cash from their schemes to buy a pension – literature from 97 DC schemes showed that 30% were in breach of pension regulations, while a small minority of schemes, 6%, needed “substantial changes” to... »
Charities Plan Redundancies
Charities are planning job losses as aid organisations and charities struggle to cope with the recession and the weak pound is to make at least 70 redundancies in a bid to save £6m over the next two years. Christian Aid is due to make around 70 redundancies in efforts to save £6m over the... »
