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Number of millionaires rises by a third as pension wealth grows

The number of millionaires in Britain has risen by a third driven by increasing pension wealth, figures from the Office for National Statistics show.  The most recent figures, from July 2016, show that there are 3.5m households in the country with more than a million pounds' worth of assets, up from 2.75m in the 2012-14 [...]

By | February 2nd, 2018|Uncategorized|0 Comments

Pension deficits at UK’s biggest firms falls £9bn as blue-chips race to fill black hole

The pension deficit of UK blue chips has fallen £9bn since 2016 as FTSE 100 firms race to fill their huge pension black holes, new data shows. The Royal Bank of Scotland poured £4.5bn into its group pension fund last year, joining 51 others on the FTSE 100 index that made “significant” contributions to their [...]

By | January 4th, 2018|Uncategorized|0 Comments

UK state pension ‘must be overhauled’ says think tank

UK state pension ‘must be overhauled’ says think tank Politicians have been urged to show “moral and political” leadership by overhauling the current “unsustainable” UK state pension scheme. A report by the Reform Scotland think-tank said population projections, which show a significant increase in the number of pensioners over the next 25 years, should serve [...]

By | December 30th, 2017|Uncategorized|0 Comments

What is a Frozen Pension

If you have pension funds from a previous employer some people mistakenly call this a frozen pension or pensions if you have more than one. A common choice for most people when leaving a company is to leave their old company occupational scheme benefits where it is and start a new one with their next employer. [...]

By | December 1st, 2017|Frozen Pension|0 Comments

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By | August 18th, 2016|Uncategorized|0 Comments