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Pensions industry

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LV= sell-off could knock the mutuals movement for six

  • Posted inBusinessDemutualisationInsurance industryPensions industryPrivate Equity
  • Posted byRichard Partington
  • 12/05/2021

Members of the former Liverpool Victoria vote this week on a deal that may be the last gasp of a more equitable eraAfter 178 years of history, mutual insurer LV= faces a crunch moment this week, when its members decide whether to sell to US private equ…

As Morrisons auction looms, pension deals ought to have been nailed down | Nils Pratley

  • Posted inBusinessMergers and AcquisitionsMorrisonsPensions industryRetail industrySupermarkets
  • Posted byNils Pratley
  • 10/01/2021

CD&R stepped up to the mark two weeks ago, but Fortress’s foot-dragging looks poor ahead of SaturdayThe structure for Saturday’s auction for Morrisons is technically flawless, as argued in this column on Wednesday, but there is still a problem: onl…

UK pensioners short-changed by more than £1bn, says watchdog

  • Posted inBusinessmoneyPensionsPensions industryPoliticsUK news
  • Posted byPA Media
  • 09/22/2021

Human error and outdated IT contributed to underpayments, with most affected likely to be womenMore than £1bn-worth of UK state pensions has been underpaid due to repeated human errors that were almost inevitable amid complex rules and outdated IT sys…

Downing Street hints pensions triple lock will be watered down

  • Posted inBoris JohnsonBusinessConservativesmoneyPensionsPensions industryPoliticsRishi SunakUK news
  • Posted byJessica Elgot and Larry Elliott
  • 08/19/2021

Boris Johnson’s spokesperson has said there are concerns about tying state pensions rise to earningsDowning Street has given its strongest signal yet that the pensions triple lock will be watered down because of the recent surge in average earnings, wh…

Johnson and Sunak urge UK pensions to back riskier investments

  • Posted inBoris JohnsonBusinessEconomic policyFinancial sectorInvestingPensions industryPoliticsRishi SunakUK news
  • Posted byPhillip Inman
  • 08/05/2021

PM and chancellor aiming to ignite ‘investment big bang’ to fuel post-pandemic economic recoveryBoris Johnson and Rishi Sunak will urge UK pension schemes to back Britain’s “entrepreneurial spirit” with billions of pounds of savers’ funds to fuel the e…

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