Oneplan To Revolusionise Financial Planning
A new financial planning product which was created by Principle First director Gareth Flanagan has been launched. The product, known as Oneplan, will revolutionise the way people plan their finances online. The concept behind Oneplan was to create a single place where people can manage their finances in one secure place online, they are also [...]
One think tank has reported the state pension needs to rise to 72 by 2030 to manage those that are living longer and staying active longer. The proportion of people’s lives in which they received the benefit already equaled 30 by the year 1981. And it is certain to go higher.
The pension fund at music company EMI is in a deficit of 115 million pounds. The music group admits this is more than 10 times the amount they had previously expected. This puts an enormous cash crisis on the private equity owners. The amount needed to bring the fund back to a healthy level would [...]
The opportunity to retire and enjoy life on a fat pension is not a common reality anymore. Some are having to cut their retirement short. In the last quarter 40,000 workers aged 65 or older joined the work force. The total number of workers in that age group has grown to a record high of 823,000.
Senior BBC executives are trying to “play nice” with staff who have been enraged by the cuts to their pensions. Things got worse when news came out that executives were not having to face the same pension cap of 1 per cent a year. Broadcast unions have called BBC’s pension plan changes as “pension robbery.”
It was revealed last week that BBC Director General Mark Thompson is holding on to his pension scheme while asking employees to take a cut. Now staff plan on protesting their pension cut by disrupting live broadcast events. Threatened blackouts include the Pope’s visit to Britain, the Last Night of the Proms, and live coverage of the Ryder Cup golf tournament.
The Forum of Private Business has serious concerns about the idea of scrapping an employers option to retire anyone at the age of 65.
