Of Interest to All, Opinion, Pensions, Pensions Opinions

UK pensions among the worst in the developed world, study finds

British workers can expect among the worst pensions in the developed world, according to a report from investment bank UBS, which compared the retirement outlook for a 50-year-old woman in major cities across the globe. Pensions compared How much a state plus “mandatory” pension will be worth at retirement as a proportion of current income, based on a 50-year-old female in each city Singapore 73% Sydney 72% Paris 69% Milan 67% New York 55% Tokyo […]
Of Interest to All, Opinion, Pensions, Pensions Opinions

Treasury saves £5 billion a year as pension reforms leave more than one million women worse off

The government must reconsider punishing changes to women’s pensions after it emerged earlier reforms boosted state coffers by more than £5 billion a year, campaigners say. The Institute for Fiscal Studies (IFS) found more than one million women are worse-off by an average of £32 a week after the retirement age moved from 60 to 63. The change, which happened between 2010 and 2016, has taken 1.1 million women off the pensions book, saving the […]
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