Auto&Car

Oct 15 2017

Sell your pension for cash: the two-minute briefing #pensions,personal #finance,finance

Sell your pension for cash: the two-minute briefing It s been the dream of many an unhappy annuity buyer: sell the policy back to the insurer for a cash lump sum. And now the Government wants to make it a reality. The pensions minister, Steve Webb, told The Telegraph last weekend that he d like to create a market for second-hand annuities, so that people who would prefer a lump sum to a regular income could simply sell their policy to the highest bidder. It sounds a simple and attractive idea, but there are complexities. How could you be sure …

Oct 13 2017

Pensions: Raising retirement ages and expanding private pension coverage essential, says OECD #pensions,pensions #outlook

# Newsroom Pensions: Raising retirement ages and expanding private pension coverage essential, says OECD 11/06/2012 – Governments will need to raise retirement ages gradually to address increasing life expectancy in order to ensure that their national pension systems are both affordable and adequate, according to a new OECD report. At a time of heightened global economic uncertainty, such reforms can also play a crucial role in governments responses to the crisis, contributing to fiscal consolidation at the same time as boosting growth. Over the next 50 years, life expectancy at birth is expected to increase by more than 7 years …