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British Colombia pension system is fundamentally different from the Netherlands and it is therefore a question of how to use what you have available to you to get your pension on an equal footing with the Dutch.

For starters, if you fear that you are paying were hunger for a pension of lower quality, and then consider.

"People need to remember that pensions are transferable." "If you are not satisfied with the performance, or if you feel you pay too much for it, do a little research and don't be afraid to move to a cheaper supplier or to someone else whose boards are worth the money pay you," said Andrew Merricks Brighton Skerritt Consultants database.

He added: "then take just a little time to verify that your pension is working for you every year." This is the best way to ensure that you do not drag behind unnecessary costs or performance. ?

Loads on certain company retirement plans (called defined contribution or money purchase pension schemes) are as high as 1. 5pc value funds annually, compared to a charge annual management (CGA) 0. 15pc just on best value plans.

Pension experts say is rarely useful to switching to a company money purchase pension plan if your employer is contributions into the plan, as these will be exceeded even the most expensive charges. But it may make sense to switch pensions held with former employers, especially if they are running a growing band of regimes that costs for employees who leave jack.

This practice is known as offering a discount of Member, because the employer provides a cheaper deal for current employees and those who have left.

A recent report by the Ministry of labour & pensions (DWP) has found that where companies offers an active member discount, average Mac 0 6pc almost double in value to employees leaving the Enterprise Fund 1pc. Advisers say that it essential shopping.

Some pension providers such as Scottish Widows and Aegon, surrenders to increase prices if you agree to keep pay into the plan after you leave your employer.

Decide whether switching old pot of purchase of a new supplier, pension funds in part, will depend on what type of plan.

Pension money purchase are divided into two categories - those with the Trustees, called based on trust and those who are either (graduated) group personal pensions, group stakeholder pensions or Sipps, known collectively as contract-based schemas.

Programs based on trust, the Trustees are responsible for select investments held inside the body. Conversely, in focusing programmes on the contract, the responsibility for the selection of the investment is in the vast majority of cases you.

If you are in a system based on the contract with costs you will normally be able to access the identical or similar funds through a Sipp on-line or personal pension, will be worse for your investment by switching at discounted price strategy.

But when hold you funds in trust database schema, you will lose the benefit of a Board of Directors examines investments on your behalf if you pass.

In this situation, switching is likely to be useful if costs are disproportionately high, such as 10pc schemes based on trust, detected by the DWP more fresh 2pc per year, or if you are very confident in your ability to manage your investment portfolio yourself.

Prior to switch you, ensure that you are not extras confiscation as a guaranteed return or pension rate life cover and check that there is no sanction for output.

If you have the option plan reduced by your employer, you can cut costs by pulling out a personal pension for low-cost thanks to a discount or a Sipp cheap online broker.

You can invest any size in a personal pension fund Aviva through discount broker Cavendish (www.cavendishonline.co.uk), with as low as 0 55pc AMC.

Most large funds can get Mac still cheaper by Cavendish, which all commission that would normally be paid to advise rebates. Other sites good markets include Moneyworld-Commission and Hargreaves Lansdown.

"Many people pay too much for their pension, investments" stated Patrick Connolly at AWD Chase de Vere.

"There was no sense to pay additional fees for a pension fund choices wrapper or additional flexibility if you do not plan to use the flexibility and will not have to have the choice of additional funds." For many people a personal pension or stakeholder will be a more appropriate than a Sipp choice. ?

Savers should also consider hopping consolidation of smaller pension plans that they may have and using any tax on offer at best. Don't forget to consider the spouse's pension. If you have optimized your pension contributions, it is also possible to contribute to the partner's pension scheme.

Tom McPhail at Hargreaves Lansdown said: "maximize your tax benefits claiming relief rates more where it is available and making most personal allowances." Consolidate your pension that you are not duplicate any admin. "It is impossible to form a coherent investment strategy if your money is spread across several different retirement plans".

Finally, don't forget to push as much income from your pension plan when you purchase an annuity. The coalition may have announced Thursday that it will scrap purchase mandatory pension, but the vast majority of people will be well advised to take the option of a guaranteed lifetime income. But shopping - you do not have to take the option offered by your employer.

It can make a difference, perhaps up 30pc, your annual income for the rest of your life.

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NEW YORK – Average American than recorded 7% of their retirement nest eggs desired and are likely to continue to work in retirement to supplement his income.

Middle-class Americans believe that which they need $ 300,000 to fund their retirement, but on average just saved $20,000, according to a poll released Wednesday by Wells Fargo & co.

"Middle class" is defined as those aged 30-69 with $ 40,000 to $ 100,000 or $ 25,000 to $ 100,000 in assets to invest, and those aged 25-29 with income household income or assets to invest $ 25,000 to $ 100,000.

"Too many Americans have heads in the sand to the obvious savings deficit," said Laurie Nordquist, Director of Wells Fargo institutional pension trust. "Less than a miracle, a winning lottery ticket or a large inheritance, they will be forced to dramatically reduce their lifestyle after retirement."

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Of the retirement age approaching fast are not well funded. Respondents aged 50 to 59 recorded an average of only $29,000 for retirement.

As a result, more than a third of respondents believe that they will have to work during retirement to the things they want or ends simply.

Many are still relying on social security to fill the void, although confidence in this funding varies considerably according to age.

Sixty - seven percent of respondents aged between 50 and 59 believe that social security will contribute to their retirement income while only 22% of the 30-somethings thought that it would be enough left in the pot to fund their retirement.

The vast majority of respondents admitted that they should help determine how much money they need to live in retirement and investments to their 401 (k) s collection. But in a negative torque for financial advisors, more than two-thirds said that they were not willing to pay for these tips.

This puts more responsibility employers to provide advice and planning through their workplace 401 plans tools Nordquist says.

"If people are not willing to pay for tips that they will make an approach more vanilla planning," she says. "But a simple plan is better than no plan." (Statement by Helen Kearney, mounting by Matthew Lewis)

Copyright 2010 Thomson Reuters. Click for restrictions.

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Pensions Minister Steve Webb promised to "make it easier" for companies to benefit from the retail switch.?Photo: Julian Makey/Rex Features

A Government consultation today should reveal how businesses measure inflation "hard wired" (IPD) retail price index in their plans can benefit from linking payments to the consumer price index (CPI), which excludes accommodation costs.

However, the figures in the industry warned in July that companies with the regimes which had IPD expressly listed as statutory payment could not take advantage of the new rules, unless the act as amended. This is because it would be a worsening of the benefits.

Speaking at the Conference of the National Association of pension (NAPF) funds yesterday, Minister for Labour Steve Webb said consultation today examines how "easy go" for all businesses to take advantage of the switch.

Communications giant BT revealed last month that linking the increase in pension and IPC reduces its mammoth ￡ 7 pension fund deficit. 5.3 5 ￡ 9bn.

But the research NAPF, 61pc released today, found companies have RPI stated in their pension plans, which means that the majority of companies would be unable to pass to the ICC, unless the overthrown Government current legislation.

More than half (48pc) would use new legal power to pass to the Court, while just 21pc would - preferring to maintain generous benefits for current and future employees found 162 employers study.

Joanne Segars, President and CEO of NAPF, stated: "the question of whether a pension can move IPC makes it very difficult for pension funds to plan ahead." Government greatly underestimated the complexity of leave plans to pass their measure of inflation. A seemingly simple change became much more difficult. ?

However, Ms. Segars said allowing companies to move to the ICC does not necessarily mean that they would be. "There are implications for current and future pensioners" she says. "Trustees and employers know that a switch must be handled with care."

Nick Griggs, a partner of Barnett Waddingham employment stated: "[consultation] is good news for a large number of employers." While it will be difficult to implement it we hope removes the lottery of writing which could exist according to the detail was so difficult encoded in the rules or not.

"As rightly members will find it difficult to accept a reduction in benefits it must be considered in the context of growing workload final salary benefits that employers have to bear in recent years."

The IWC has urged the Government in July in a piece of "substitution legislation" so that all companies could benefit from the switch, scheduled for April 2011.

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Laith Khalaf, Hargreaves Lansdown pensions analyst said: "this report is a simple message: pension investors can make rational decisions, but we sometimes need to be encouraged in the right direction."

David Blake, Director of the Institute of pensions, says the behavioral economics - what is learned financial habits - can be used to encourage better budget for the retraite.M Britain.Blake and his co-author paper Tom Boardman, Professor invited to Cass, detail how behavioral economics have been used successfully to teach people how to save while they work.

Programs such as superannuation autoenrollment and more tomorrow plan saves pursuant to which your contributions pension increase automatically as your salary increases, have worked to ensure that people are prepared for retirement.

"Panp recently implemented in 2012, will use inertia to encourage people to start saving for a pension," said Mr. Khalaf. " After the initial "nudge," people will continue to make a contribution.?

Mr. Blake wants to see similar programmes implemented once they have retired to overcome adversity people feel spinning with an expensive annuity.Unless they cough up money in the beginning, they might find themselves left with insufficient income, an insufficient number of years.

The recommendation of the report is that pensioners use counter plan (ideally expenses for retirement).The plan recommends four behavioral "moves" - action to change the behavior of Economics points.

The first suggestion believes that savers perform with or without counsel, retraite.Le report plan then recommends "the annuitisation progressive automatic."

Mr. Khalaf said: "it is to buy an annuity by étapes.donc if you are ￡ 200,000 in pension, rather than purchasing an annuity at once, you have ￡ 50,000 to purchase a rente.puis next year you go back and use a further ￡ 50,000 to purchase another pension, and the following year and the next year, do you the same."

The third behavioral boost advocates annuity payments of money-back, where if a pensioner dies within five years of policy, the rest of the pension pot returned to their succession.Cela encourage retirees to be more generous with the purchase of an annuity as capital protection contributes to appease people fear losing their assets.

The final "boost" is the document - slogan "go now" fleet may seem unusual for a paper from the Institute of pension planning, but Mr. Blake and M. Boardman said that by implementing long-term plans, we can relieve the pressure of worry for the future and take advantage of our more than income available.

Mr. Khalaf said: "people can make good retirement decisions, but policy makers need to ensure that incentives are good for the people chose the most appropriate option for them."

Re - study emphasises the importance of workers learn to do their last pension pot because we live longer, search this week showed that once you retire, feel you inflation much more strongly.

According to research by age, retirees are more than ￡ 700 worse still a year due to the increase in the cost of the vie.Ils are hit by inflation over the others because the basics are a greater proportion of their expenditure.

The new measure of inflation of the charity - called the Silver IPD - shows that those aged 65 to 69 is the worst affected, pay ￡ additional 710 per year to January 2008.

A figure of ￡ 500 for those aged 55-59 and ￡ 640 for persons aged 60 to 64 ans.Il belongs then gradually for those older than 70 years.

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Less positively though, many have seen their pensions and savings squeezed from all sides: company pension schemes have cut back while the value of the state pension has fallen.

But it is private savings that have been hardest hit: those in this age group have suffered a toxic mix of poor investment returns, rock-bottom interest rates and ever-declining annuity rates, so even those who manage to build a decent pension fund find that it secures a smaller income in retirement. MetLife's survey showed that those in their fifties were on average hoping to withdraw on an income of ￡ 18,100 a year.

Goal six out of 10 of those surveyed said their pension plans had been affected by the recent financial crisis.This problem was particularly acute for those on middle incomes, of between ￡ 50,000 and ￡ 70,000) and the nearer you were to retirement the more detrimental the effect on a person's retirement plans. Women were also particularly ill prepared for retirement, having on average half the pension savings of men.

Despite these financial problems the majority of those surveyed (60pc) said they had taken action to no. change their investment strategy, alter their retirement plans or protect their pension funds.

But there are steps that people can take to improve their pension prospects.Ignoring the problem completely is likely to make it significantly worse.

Peter Carter of MetLife said: "Sadly, the experience of the last two years shows that even those who have done all the right things have still been left struggling.""Planning for retirement is one of the biggest financial challenges people face, and the one you can least afford to get wrong."

Below is our countdown to retirement, which, whether you are 10 years or five years away, should help you get your pension planning back on track.

-Find out what you are worth

Before you can draw up financial plans for the future, you need a clear view of your current position. Ian Price of St James's place, the fund manager, said that as a starting point people should establish what their likely state pension entitlement would be.This can be done by completing a form BR19, available at www.direct.gov.uk You should also contact the pension trustees of your current and previous employers, who will be able to provide pension forecasts, as will the companies managing any private pension plans.

-How much money will you need?

Gavin Haynes of Whitechurch Securities said you needed to look at how much income you would need in retirement.Be realistic - you may spend less if you are not commuting to work, for example - but don't forget to factor in holidays, travel and any debts you may still have.

-Seek advice on how to bridge the gap

The chances are that what you are currently on target to receive is less than you'd ideally like. Seek advice about how you can bridge this gap.You need to maximize savings during this 10-year period – not only into pension goal into other investments such as ISAs.You will need to consider whether options such as retiring later or working part-time beyond your retirement date may be a more realistic way of meeting your retirement goals.

-Review your investment strategy

It is not only how much you save purpose where it is invested that can make a difference.

A spokesman for Origen, the pensions specialist, said: "use this opportunity to carry out an audit of existing pension plans;"look at where they are invested, how they have performed and what charges are levied on them. "Don't forget to ask whether there are guarantees on any plans."

Get advice about whether it makes sense to consolidate existing pension plans - perhaps via a Sipp (self invested personal pensions) - or take steps to protect capital values.There are a number of guaranteed products that can help you achieve this, goal seek advice as many come with higher loads.

As part of your review, look at the diversification of your assets, as this can help protect against sudden market movements. With a 10-year time frame investors need to weigh up the risks of equity investments against cash-based products safer.

Generally, the nearer to drawing your pension you are, the less investment risk you should take.Goal over this period it is reasonable to include equities within a mixed portfolio, particularly given the very low returns currently available on cash.

Gilts and some structured products may provide a halfway house between cash, bonds and equities - goal seek advice about costs and risks.

-Review retirement goals

Get up-to-date pension forecasts and review your retirement plans. Is retiring at the age you planned still realistic and achievable?

-Take the safer option

Consider moving stock market-based investments into safer options such as cash, bonds or gilts.If there is a sudden market correction now, you may have insufficient time to make good any losses.

-Trace 'lost' pensions and other investments

If you've lost details of a pension scheme and need help contacting the provider, the Pension Tracing Service (0845 6002 537) may be able to help.It has access to information on over 200,000 schemes.

The tracing service will use this database, free of charge, to search for your scheme and may be able to provide you with current contact details.Use this information to contact the pension provider and find out if you have any pension entitlement.

-Maximizes savings

You now have just 60 pay packets left until you withdraw.Save what you can via pensions, ISAs and other investments.This, with your current pension pot, will have to produce enough for you to live off for 20 years.

Mr. Price said: "Don 't forget to consider a spouse's pension.""If you have maximised your pension contributions it is also possible to contribute into a partner's pension plan."

He pointed out that higher comperative and those in final salary schemes should ensure any additional pension savings didn't breach the lifetime allowance (￡ 1. 5 m from April 2012) as this could land them with a tax bill.Those with outstanding debts, such as a mortgage or credit cards should use spare cash to reduce them.

-Consider your retirement options

Don't leave it until the last minute to decide what you will do with your pension plan.Many people fail to consider their options properly and simply buy the annuity offered by their pension provider.This can significantly reduce their income in retirement and there is no second chance to make a better decision.

There are now many more alternative retirement, investment-linked and flexible annuities to phased retirement options, as well as the conventional annuities and income drawdown plans.It is worth investigating which is most likely to suit your circumstances.

-Seek advice annuity

Talk to an adviser about your options.If you are buying an annuity, make sure you shop around for the best rate.Remember that those who smoke or have health problems, even minor ones, should inform the annuity provider as they are likely to get a better rate to reflect their reduced life expectancy.

-Consider deferring retirement

You may qualify for a bigger pension if you taking it if you opt to do this you need to contact the Pensions Service down.Those who work beyond their retirement age do not have to make National Insurance contributions.Any additional money earned can still be saved in a pension plan.

-Contact pension providers

Ask how your pension will be paid - and how much it is worth.If you are deferring retirement they will need to be informed.

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Employees in the pension plans not already contracted pension second State can divert instead some of their national insurance contributions in their own plane. For someone aged 43 or more earning ￡ 40,040 annually, which would be ￡ 2,440 paid in their own business or personal retirement private to each of the two remaining years that outsourcing should be allowed. Discounts are focused on revenue, ￡ 1,376 paid to a person earning ￡ 14,100.

Government has not yet said if anyone took this action will lose an equivalent amount of State second pension when he transferred persons on a new system of lump-sum pension because starting in 2015, adding to the confusion that if contracts or rear mieux.Un Green Paper on the manner in which it intends to manage the transition is expected at the end of the month.

While most experts agree that markets off do not stack in terms of knowing if you can get more than what the Government is promising now investing yourself your money, a key of subcontracting argument has been that it protects you against the risk that politicians take you state pension.

"The question is to trust the Government to offer promises made today when it is retiring perhaps decades into the future, or you do not accept a transfer value poor today in the hope that it will be transformed into something more than what you get in the end of the Government?", said John Lawson, head of the policy of Standard Life pensions.

Outsourcing proponents say that this argument has only been validated recent .alors to the basic State pension was reinforced by the coalition Government, State pension changes at retirement age increases, reductions in indexing for inflation and an adjustment of benefits passed to the spouses on the dead have all decreased the value of the second State in the last example, mois.Par pension a person having a right of maximum Serps is affected by the increase in the age of 65 to 66 2020 retirement will lose ￡ 8,259 because of the change.

This summer, the Government has also changed the rate at which the State second pension is being updated to account for inflation, retail at generally lower inflation, a change of Government admits can see State second pension by 8 4pc less that it would have done in the next six years. This month the amount of Serps benefits that one spouse can inherit from a deceased partner will also fall to 70pc 50pc.

"Even after the current proposed changes are before 2015, yet y additional years of changes in the line," says Ian Naismith, an expert of widows pensions Scottish.

"It is an element of unpredictability to the State pension at the time.

In spite of the uncertainty about what the pension future Governments will pay, advisers say that refunds are so low that most people are better off the coast of stay today put things: "our House view, is that you better remain under contract for less than you have a specific reason for wanting to subcontracting," explains Tom McPhail, responsible Hargreaves Lansdown pensions research.

"But you got until the end of the month of March to make your choice, so it pays to wait and see what that says book Green Government attending the advantages regarding conventionally excluded before making your decision."If the State second pension is not yet reduced, I get out?

Since the ability to subcontracting in 1988, opinion as to whether if it is therefore a good idea has fluctuated, reflecting changes in the investment returns, the rate of the pension and the level of discount themselves.

In recent years, the wisdom has been that you are generally better remain under contract in the regime of the State, especially if you're over 43 ans.Personnes in this age are generally advised to remain in the system of the State because the discounts they get subcontracts are less generous than for young people.

"For people in their forties and younger than their conventionally excluded pots investment have returned from 7pc per year for which have received you the second State pension" says Scottish Widows Naismith Ian.

"But once you get in your fifties, your fund must realize a return on average 10pc per year, which is much less likely."

The difference with the State pension, you can access your money at the age of 55, take a quarter of it as a lump sum of tax-free cash and transmit to dependants if you die before retirement, something that a married or civil partnerships can do with the purposesyou State pension are free to choose your own strategy for your pension investment.

Probably pas.Il is likely that your contributions to the national insurance (NI) have already paid your travail.Indépendants workplace pension plan do not pay or running state second pension and are not affected.

NoFonctionnaires said person lose all of the benefits they have earned for those who have more than ￡ 140 combined base and State second pension Serps get plus.Mais we don't know yet if a person infringing, say, ￡ 90 base state and ￡ 30 second pension State pension will get ￡ 140 or ￡ 170 under the new regime (to reflect the pension second ￡ 30 state that they have accumulated).

We do not know how the Government will deal with this encore.Certains commentators suggest that they will have to keep their whole pots, in the same way that those with the State second pension benefits could receive ￡ 140 atop Ph.d and keep ' others suggest there will be a fusion of base and State second pension to arrive at 140 ￡ a figure of the week.

In this case, the Government may make deductions from ￡ 140 per week for each year that a person had been contracted to take into account what had been received.

Contact your pension provider to discover les.certaines people thinking that they were transferred may find that they are not not because some providers switching customers back in if they have not responded to letters requesting that they wanted to do.

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Stated that he could reduce his deficit to pension fund by transferring the stakes in six Private Finance Initiative directly in to the Fund, which had already been a loss of profits estimated 56 million from ￡.

Costain, who is working on an upgrade from Bond Street underground station said the agreement would also add an extra ￡ 7.5 m in profits before taxes throughout the year.

Stated a string of recent contract wins, including a 10 years lots of 75 million pounds to nuclear power stations, cleaning had it secure contributed to 700 million pounds of recipes for 2011 and strengthened its order book to take forward from ￡ 2.Costain holds the situation preferred bidder on another 400 m ￡ contrats.Costain welcomed the commitment of the Government to invest ￡ 200bn in as Crossrail large scale infrastructure projects.

Shares closed until 24?, 226 p.

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Research conducted by the Bureau found that, while the overwhelming majority of these "retirement packs" comply with the strict letter of the law by mentioning the right to purchase, many ignore the spirit of the regulation.

Regulatory body said that these pension providers should do more to issue clear calls to action that encourage members to shop for the best deal of pension, also known as "exercise the option of free market."

Bill Galvin, acting Director of the EPC, said: "literature of retirement must seize the attention of the members and encourage them to take action, rather than to provide people with the jargon and legalese.

Regulatory body said that the problem has been growing as the number of people retiring from defined contribution (DC), also known as money purchase schemes, pension increases. Office figures show that 20pc people in DC plans are now more than 50 ans.Cela means one million pension now face a steep learning curve in the period before retirement, to follows low levels of engagement with pension saving of their professional lives.

Unlike final salary systems, where he is guaranteed retirement income is the person who has responsibility for securing income retirement agreements, DC, either through a levy income plan or the rente.DC regimes were most often replacement for many diets final wages which were closed in the past 15 years.

Regulatory body is concerned that 23pc members are exercising their right to magasiner.Mais most fail to make a costly mistake.Regulatory authority figures show that those who shop around to add at least 17pc their retirement income.

For example, the lowest quote available for an elderly man 65 with a pension of ￡ 50,000 Fund to buy an annuity of joint (pay two-thirds of his pension to his wife, should he die first) is ￡ 2,412 per year.(This is a flat pension which increases with inflation) .Shopping, he could get ￡ 2,832 per year, and if a smoker may get ￡ 3,228.

Many people may find that they are eligible for a pension increase if they suffered from health problems.Once again it is often not clearly soulignée.Cela could stimulate 33pc income or more during severe; but even minor conditions such as arterial hypertension may authorize persons who purchase an annuity for higher income.

Activists argue that pension providers have been pulling the wool over client annuity eyes for years, in packs information mandatory retirement as an opportunity to push their own products.

"Hardware companies pre-retirement said if you want to have your annuity quickly, check this case.Cela aims to suggest that take the option market take lot of time and hassle, said Ros Altmann, Executive Director of the saga." """We are to where whenever they phone customers are placed by someone else and get an answer different when they ask things like how tax-free cash, they right at a moment where they get information that they need they are just about to take his retirement and need cash desperately finally take what appears to be the easiest option situations.Au is annuity provider the, even if it is a terrible rate".

Andy Cheseldine consultant Lane, Clark & Peacock, stated: "us believe 30pc all retirees could be losers by sticking with their supplier."

To find out if you're one of them, go rent on the website of the gouvernement.Si "Money Made Clear' tables are available to you 5,000 GBP per year, website should tell you if you get ￡ 5,500 per year, and when you navigate to a Commission you will find get you ￡ 6,000 per annum.

When you see the difference between their best rates and what you have been offered, it is time to talk to an IFA.

"An annuity is a contract to do, and there is no way on once you've signed", Ms. Altmann said.

? Time real rate annuity - www.moneymadeclear.org.uk

? Find an IFA -www.unbiased.co.uk

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Total all private UK pension deficit remained at ￡ 179bn at the end of October, from ￡ 200bn at the same point in 2009, so that the total deficit for companies in the FTSE 100 dropped ￡ 86bn last year to ￡ 53bn this year, according to capital strategies retirement.

Despite this improvement, Charles Cowling, CEO of retirement Capital Strategies, said that he had not seen enough impact gaps that could be expected, given the rising stock market, but emphasized the improvement of the levels of funding schemes.

"Image has become a bit far from 12 months earlier, with improvement by 7pc FTSE 100 and FTSE 250 levels of funding."

"Overall, we think the passage of CPI retail could reduce liabilities from pension same 10pc, which means that the obligations of the UK private pension schemes may fall by up to ￡ 120bn.Il remains unclear, however, if the Government is able to produce necessary substitution regulations which would give maximum effect to change,", he said.

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A former senior counsel to the pensions regulator said Daily Telegraph that "there are many who promises of Government should be guarantees of Crown [pension] plan."

Clive Pugh, formerly trustee Manager services to the pensions regulator and now a partner to practice law, Burges salmon said he expected a "flood" requests for recognition of the protection of other government companies formerly belonging to the State.

"With this decision of the High Court maintenance Crown guarantee to BT Thursday] and many other potential Crown ensures clear, it seems that Government is now subject to billion pounds of potential responsibilities as it tries to reduce its deficit", he added.

Mr. said Pugh privatised companies were closely monitor battle of BT with Government guarantee, the guarantee which will force the State to cover deficits of pension in the event of insolvency.

He added that they are likely to make similar claims if the telecommunications group emerges victorious calling expected. " "I would be very surprised if he did not follow trial", said Mr. Pugh.

This means that the taxpayer could, in theory, be forced to pay up to ￡ rise to cover pension liabilities in the unlikely event that many companies give guarantees do bankruptcy.

The decision of the High Court of BT Crown guarantee means that the taxpayer must provide almost all the members of 344,000 BT.Un payment pension plan pension in the event where BT goes bankrupt could be as much as 22 ￡ 8bn.

However, Mr. Pugh has warned that privatized companies are unlikely to have as hard a case for the protection of the State as BT.It is understood BT case suspended on the interpretation of the two sentences among train legal documents written when BT was privatised in 1984.

It is difficult to discover what enterprises have a strong case that the information is not readily available to the Trustees of pension plans.However, John Ralfe, an independent pensions, expert says it is believed that railway employees in the railway industry, UK coal and Trinity House, which runs the United Kingdom lighthouses regime pensions have best cases for other réclamations.Les mentioned include British Gas and National Grid.

A spokesman for pensions regulator confirms some other companies are guaranteed by the Crown, but refused to name them.

ROS Altmann, a pension consultant former Government stated that the taxpayer could leave with a "terrible burden".

"If BT wins [the projected call], other companies could certainly challenge their case before the courts," she says. "It could all get pretty messy.

"This could be a huge blow for the contribuable.Nous save ￡ emissions annually on the State, but at the same time the State pension may be made responsible for billions [of the private sector pension] .the poor taxpayer is suffering from the inability to politicians and policy makers to understand the financial realities long-term pensions."

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The group, belonging to Terra Firma was announced a few days before his owner of capital is defined for its confrontation of the hearing room in New York with the Citigroup Investment Bank.

There was speculation Friday evening whether pension fund announcement is linked to a future refinancing or break-up of the EMI.However, sources said that the time was just a "coincidence".Au August EMI, he appeared in Maltby Capital, music, EMI pension fund deficit could be North of 115 m group holding company accounts ￡ and perhaps more than 200 million of ￡.

A multi-year plan payment has been agreed between the Group and trustee of the Fund to provide 197 m ￡ in additional funds, including immediate payment of 16 million from ￡. The final payment under the scheme will be April 2016.

EMI was ordered by the regulator of pension away in its pension scheme. Pension expert John Ralfe stated that size of the deficit "could theoretically push the company administration.

But other sources said at the time that EMI could easily additional payments for the shortfall that he has made several hundreds of millions of pounds in favour, even after the interest payments.

In his statement Friday, EMI confirmed that pensions regulator confirmed that its mandate is acceptable.As a result, the hearing before the regulator decisions group was annulé.Roger Faxon, EMI Group CEO, said: "I am very pleased that we were able to work with the trustee Board to resolve all outstanding issues and to reach amicable agreement designed to assure the safety of their pension fund members.

Court case to decide the fate of ￡ 4 5.3 acquisition of Terra Firma of IME is set to begin Monday, although there is still a chance that a regulation may come for the weekend s.a.m.hands and David Wormsley, head investment UK of Citigroup, are currently in New York in preparation to appear in court.

L'affaire rotates autour Terra Firma claims that Citi has caused to pay the EMI more would be referring to the existence of a competing bidder musique.CITI society rejects the allegations.

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Britain's middle classes are a sigh of relief this week after the Government released the pension proposals that will still allow most people take advantage of tax relief on their pensions.

Experts feared that half a million people would be affected by the reforms, but Tom McPhail, a Hargreaves Lansdown pensions adviser said that the Government has shown "pendue surprising of touch" with the regime, the Treasury Board believes will affect the 100,000 personnes.Cependant, some experts say the final hit number will be higher.

Tax relief on pensions will be limited to ￡ 50,000 per year, down sharply with the current ceiling, which is five times the contributions.However, there were suggestions that the limit would be more of ￡ 30,000 per year, which would have affected many relatively modest income had many years of service with their employer.

Rate taxpayers will also be able to keep tax breaks to the higher rate on up to the limit of ￡ 50,000 pension contributions it was afraid that the Government would limit tax relief 20pc for everyone.

People can now save ￡ 255 000 per year in their diet and get always relief on their contributions to the speed at which they pay tax on the revenu.Experts urges those who are likely to be affected by changes to this year as much as possible in their pensions.

"We tell our customers that they have six months to make a substantial contribution", said Carl McColgan Ashcourt Rowan, a wealth management company. Stated that tax change would be a brake for entrepreneurs and others who traditionally wait until the last year before retirement for large sums of money in their pension.Toutefois proposals allow unused allowance for three years to carry forward and offset against excess contributions, which should help those with peaks and troughs of their income.

The maximum retirement pension pot size before applicable tax rates is also cut off, from ￡ 1.8 m ￡ 1.5 Mr. Tim Bestinvest Stalkartt said that this cut is a "problem". "Although ￡ 1.""sounds like many Silver 5 m, actually kind of pension they buy once the investor has taken 25pc tax-free cash is worrying low," he said. The annuity can be purchased with this level of retirement savings provide an income of over ￡ 2,000 a month, he said.

Changes in pension replaces a system proposed by the previous Government to save ￡ 4 per année.Ces proposals would have a limited tax relief on contributions to the people who earn more than ￡ 150,000 and had been criticized by experts of the pension to be too complicated.

However, consultants has warned that the annual limit may hit with the tax if they have received an increase in salary because of how pension bills final salary schemes members which the benefits are evaluated. so far, their contribution is deemed to be the increase in annual pension multiplied by 10.Cependant benefits, this factor will be raised from 10 to 16, which facilitates the exceed annuelle.Gens on as low as ￡ 60,000 could be affected earnings allowance depending on how long they have been a member of their final salary scheme.

Raj Mody accountants PricewaterhouseCoopers said that change encourage businesses even more to stop funding for final salary schemes. ""It is difficult to see how these plans would progress in their current form", he said.

For people who are already on to have a pension pot just over ￡ 1.5 m threshold, proposals suggest that the transitional rules are put in place, but they will be subjected to greater scrutiny.

Mary Stewart of Hornbuckle Mitchell, a specialist in retirement, said that proposals prohibited practice top up savings with redundancy sums in the year of the said retraite.Elle that would now be authorized only if the owner of the pension pot has a disease very serious and it was waiting to be served very carefully to prevent abuse policy.

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The maximum pension pot size that workers can accumulate before applicable tax rates is likely to be significantly reduced by the picture of the Treasury Board: ALAMY

The amount of the retirement savings on which people receive a tax break must be with less than one-fifth of current save ￡ 4 billion annually.

The amount of the deductible is cutting ￡ 255 000 per year for only ￡ 50,000 from April next year.

The Government also plans to reduce the indemnity life pension benefits from 1.8 million to 1.5 million pounds of April 2012 tax savings.

Accountants predict changes will hit more than 500 000 people, including professional middle-class investors who choose to pay the lump sums in pension benefit from tax breaks and contractors indépendants.Certains will face requirements to pay tens of thousands of pounds in tax as a result.

Financial Secretary of the Treasury Board Mark Hoban said: "we... has developed a solution which will help to fight the deficit, but do not affect low income and modérés.Nous took a hard but fair decision."

"The coalition Government believes that our system is fair, will help to preserve incentives to save and - at the last approach of the Government - will help businesses United Kingdom to attract and retain talent."

This is the latest move by George Osborne, the Chancellor, designed to target employees more élevés.Il follows the controversial decision rate taxpayers benefit and allow elevation at the University of tuition.The threshold higher rate tax is payable is also reduced.

PricewaterhouseCoopers, one of the largest firms accounting, considers that the amendments would affect more than 500,000 people. ""This will affect many more people than anyone else imaginary," said Marc Hommel, one of its partners pension.

Tom McPhail, Hargreaves Lansdown, a wealth manager pension expert said: "given the tone of the thinking of the consolidated revenue fund, prospects look even darker so we thought initially to retirement."

"" We will certainly see severe restrictions on available pension investors breaks special fiscaux.Perdants will be means to senior executives in final salary schemes and those seeking to catch up over the years lost in pension fund ".".

Ros Altmann, Director General of the saga, group said: "it could hit people on ￡ 40,000 per year and that they are already affected by things such as changes in benefits enfant.Nous must stop targeting this group, people just hitting the tax rate high."

"The Government talking about fairness, but creates a dangerous cliff edge at this level of revenu.à a higher level, you will all, notice and ￡ 40,000 is higher than the average, it is not very well off the coast."

Critics say that changes in the pension will be eroded 'tottering foundations' final salary pension plans.

The new annual allowance - after which an additional tax burden would be applied - could be overtaken by someone whose entitlement to a pension in a final salary scheme was increased by slightly more than ￡ 2,000 a year.

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The decision will affect 3,800 workers of the company, which will be transferred to its cheaper Schem defined contribution. Photo: ALAMY

The supermarket retailer which is owned by an American Group Wal-Mart, says takes step to fight against the regime, which increased to 210 million shortfall of ￡ 400 m ￡ in less than a year.

The decision will affect 3,800 workers of the enterprise, which will be transferred to its cheaper déterminées.Membres staff contribution plan will be also offered assimilation of one-off payment to a quarter of their annual salary.

The ASDA move follows other companies closed their final salary schemes including Aviva, Barclays Dairy Crest, Morrisons and Vodafone.

Pension experts warned that many companies are struggling to hold these plans in the midst of the turmoil in the markets and the increase in longevity.

A company spokesperson said: "' we must address the déficit.Il has greatly increased, and it is important that we protect business in the future." "

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