08Feb 2015

Bankrupt Reichhold Unloads Underfunded Pension Plan on PBGC

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(Bloomberg) — The Pension Benefit Guaranty Corp. is about to take over Reichhold Inc.’s retirement plan, which covers almost 4,500 current and former workers at the maker of polyester resins, saying it’s underfunded by $97.4 million. A bankruptcy judge in Delaware last month approved the sale of Reichhold’s business, partly in exchange for $46 million […]

08Feb 2015

(Bloomberg) — St. James’s Place Plc has started talks with authorities in the Middle East to potentially create a base in the region. “We have begun conversations with the relevant authorities and we will see if we can take that conversation further,” David Bellamy, chief executive officer of the U.K. wealth manager, said in a […]

02Mar 2015

(Bloomberg) — The Chancellor of The Exchequer George Osborne’s impending changes to the pension system risks becoming an “infamous example of political bungling,” U.K. insurer Royal London Group said. Many retirees are at risk of making wrong and “irrecoverable decisions” with few using the government’s new free pension-guidance service, Chief Executive Officer Phil Loney said […]

26May 2015

SOS NI provides a twin-track approach to helping people. In simple terms, the daytime work is about prevention – while the night-time work is about dealing urgently with vulnerable people at times of crisis. The SOS NI mission is to work together in partnership On our streets to unconditionally help people in their time of […]

29Mar 2016

(the Money Advice Service) The State Pension is changing on 6 April 2016. If you’ll reach State Pension age on or after that date you’ll get the new State Pension under the new rules. The current State Pension system is complicated. This makes it hard to work out how much State Pension you’re likely to […]