From the TUC

Pensions & Investment (page 2)

Quintuple reasons for the triple lock

07 Nov 2016, by in Pensions & Investment

The State Pension triple lock has taken another bashing. A committee of MPs has released a report calling for the picking of the arrangement which dates back to 2010. This guarantees that pensions will rise by the higher of inflation (measured by the Consumer Prices Index), average earnings growth or 2.5%. They say: “…the triple lock will…




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Protecting the pension promise

24 Oct 2016, by in Pensions & Investment

When is a promise not a promise? In my household, safeguarding of confectionary and sharing of toys are both subject to frequent exemptions. But beyond domestic squabbles, the subject is getting an airing in the pensions world. In the firing line is the defined benefit pension. This is the kind that gives retirees an income…




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Pensions: It’s a man’s, man’s, man’s world

13 Oct 2016, by in Pensions & Investment

The late James Brown had a complicated enough life without worrying about UK pensions saving. But the Godfather of Soul’s famous, if patronising, take on gender politics provides an appropriate soundtrack for the state of British retirement savings. Women make up just 36 per cent of those eligible to be automatically enrolled into workplace pensions,…




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Unions and investors come together to call time on poor employment practices at Sports Direct

06 Sep 2016, by in Pensions & Investment

UPDATE: The vote is in and 53% of the independent Sports Direct shareholders voted against management and called for an independent investigation. That’s a record level of support for an employment-related resolution in the UK. The final vote still won’t pass as Ashley himself owns 55% of Sports Direct shares, but it’s a major win for the…




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Another attempt to pick the state pension lock

01 Aug 2016, by in Pensions & Investment

Former Pensions Ministers don’t retire quietly from public life it appears. Baroness Altmann, the latest to depart Caxton House, has since criticised the difficulty of long-term policy making in government . And, over the weekend, called for the ending of the triple lock that governs state pension increases. The cost of raising the state pension by the greatest  of inflation,…




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As Altmann exits, where is Workie?

18 Jul 2016, by in Pensions & Investment

Pensions Minister Baroness Altmann is to leave government, we learned over the weekend. The reshuffle fortunes of her sidekick Workie, the much lampooned multi-coloured monster she launched to promote workplace pensions, have yet to be confirmed. Altmann marked her departure from government with a letter to the Prime Minister criticising “short-term political considerations” for inhibiting…




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