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Pension News

  • Lloyds TSB completes buy-out of JP Morgan Invest Lloyds TSB Development Capital has completed a management buyout of JP Morgan Invest, a financial education and employee wealth management services provider.
  • JLT deficit increases by £57m Jardine Lloyd Thompson has seen its pension deficit increase by £57m to £86m, according to the group's first half results.
  • Select committee says default retirement age should be scrapped The work and pensions select committee has branded the level of pensioner poverty as "unacceptable" - and urged the government to abolish the default retirement age.
  • PPF to establish steering group to develop levy proposals The Pension Protection Fund has announced that it will be establishing a group of senior business figures and others to help develop further its proposals for the long-term future of its pension protection levy.
  • Just Retirement announces record enhanced annuity sales Just Retirement has announced record enhanced annuity sales of £191.2m in the three months to the end of June, the life assurance group reveals.
  • One in six reduced or stopped contributions Some 16% of workers paying into a pension have reduced or completely halted contributions to their scheme in the last five years, Prudential research reveals.
  • NSPCC to close scheme to existing members The National Society for the Prevention of Cruelty to Children has announced it will close its final salary pension scheme to existing members.
  • Trustee guide to dealing with the media launched Penrose Financial has launched a guide to dealing with the media for scheme trustees.
  • Government urged to act on pensioner poverty Pensioner poverty in the UK is the fourth highest in Europe and must be urgently addressed by the government, a charity says.
  • Actuarial merger fails to get Institute backing The proposed merger of the Faculty and Institute of Actuaries has failed to garner enough votes to go ahead.

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This website is maintained by Xafinity Paymaster, your pensions administrator, in partnership with the London Borough of Hackney.

It is intended for the Hackney Fund Members. 

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