Platinax: For EntrepreneursPlatinax Business ForumPlatinax Business NewsPlatinax Business DirectoryBusiness Blog
 
April 6, 2005

Pension protection moves to bonds

Link: Pension protection moves to bonds

Filed under: Business, Finance by brian_turner
old-people.jpg

The Pension Protection Fund comes into force today, which aims to protect pension funds.

The scheme is a form of insurance protection, that every pension scheme will have to pay into. In the event that the pension scheme is unable to make agreed pension payments, the PPF will try and take over.

The scheme aims to protect 100% of retired people’s pensions, and as much as 90% of the funds being paid into by existing workers.

As reported by the BBC, the scheme has immediate consequences, not least in that its implementation could see workers of already collapsed companies protected - such as at Allders.

Reuters also reports of notable changes in the investment market’s approach to pensions after high profile pension fund failures, with fund managers returning to buy into bonds and commodities as opposed to equities.





>> Discuss this story in the Platinax Business Forum

Add to Bookmarks:

  • ADD TO DEL.ICIO.US
  • ADD TO DIGG
  • ADD TO FURL
  • ADD TO NEWSVINE
  • ADD TO NETSCAPE
  • ADD TO REDDIT
  • ADD TO STUMBLEUPON
  • ADD TO TECHNORATI FAVORITES
  • ADD TO SQUIDOO
  • ADD TO WINDOWS LIVE
  • ADD TO YAHOO MYWEB
  • ADD TO GOOGLE
  • ADD TO SPURL
  •  


    Most recent news stories:


    Vodafone To Provide YouTube Service
    New Search Engine May Understand Plain English
    Hackers targeted ICANN
    NEC Warns on VoIP Spam
    China First to Launch 4G Standard
    Retailers Plan To Upgrade Networks
    Urban WiMax Providing Free London Service
    Europe leader in IPTV subscriptions
    Windows Mobile 6 Announced
    Amazon, TiVo Test New Movie Download Service


    Related posts to "Pension protection moves to bonds":


    Pension funds see huge deficits
    Pension commission faces deficit problems
    UK pension schemes lag behind US
    ABI calls for pension reform
    CBI recommends pension reform

    No Comments »

    No comments yet.

    Leave a comment