Increases in rail fares for example, are calculated using the RPI, while increases in pension payments are calculated using CPI, when this is used as the uprating factor. The use of one inflation measure over the other can therefore have a significant impact on people’s lives in the UK. ...
She added that there was no assurance the errors that led to the underpayments in the first place will not be repeated in the correction exercise. Photo taken on Dec. 31, 2021 shows the Big Ben with the light painting "2022" in London, Britain. (Xinhua/Li Ying)...
The value of lump sum mortgage repayments in the UK increased notably in 2022, reaching almost 6.5 billion British pounds in the third quarter of 2023.
Aon’s 2022 UK Defined Benefit Pension Design Survey shows continued trend to closure> 15 December 2022 Aon advises on second multi-billion longevity transaction for Barclays Bank UK Retirement Fund> 14 December 2022 Aon announces new UK partners> ...
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funding and covenant) which might impact the chances of meeting their plan's overall objectives Liabilities – obligations to make a payment in the future. An example of a liability is the pension benefit 'promise' made to DB pension plan members, such as the series of cash payments made to...
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One pension type you won’t be able to transfer overseas is your UK state pension. You can still receive your state pension payments while living in Portugal, provided you’re up-to-date with your National Insurance (NI) contributions or meet other eligibility criteria such as having lived or...
Annuities have become much more attractive as pension annuity rates have gone up. That rise means that UK pension savers will get a higher guaranteed income than if they bought an annuity a few years ago. In fact, at the end of 2022 they were at a 14 year high. And as at 31st Decemb...
The role of the Committee is to determine and agree with the Board the framework or broad policy for the remuneration of the Company’s Chairman and Executive Directors, including pension rights and compensation payments. It also recommends and monitors the level and structure of remuneration for ...