Search results
Results from the WOW.Com Content Network
The company said its revenues in its pensions arm decreased after it had to sell higher fee products in order ‘to meet collateral requests’. Legal & General expects £10m impact from LDI ...
Legal & General Group plc, commonly known as Legal & General, is a British multinational financial services and asset management company headquartered in London, England. Its products and services include investment management , lifetime mortgages (a form of equity release ), pensions , annuities, and life assurance .
[7] [9] The pension gap is particularly stark in areas of work which are traditionally female dominated. [7] Research using data from Legal and General pension scheme members in the UK showed a typical gender pension gap of 56% at retirement. [9] The gap impacts single women (and single mothers) more than those who are married . [10]
Pensions Expert publishes articles on defined benefit and defined contribution pension schemes, investments, derisking, auto-enrolment and legal and regulatory developments. It tailors its coverage for trustee boards and scheme management teams and focuses on news about what individual pension schemes are doing to provide retirement income for ...
Limited price indexation (LPI) is a pricing index used to calculate increases in components of scheme pension payments in the United Kingdom.Currently, the statutory requirement for occupational pension schemes is that pensions in payment must be increased by the lower of RPI and 2.5%.
Retirement plans are classified as either defined benefit plans or defined contribution plans, depending on how benefits are determined.. In a defined benefit (or pension) plan, benefits are calculated using a fixed formula that typically factors in final pay and service with an employer, and payments are made from a trust fund specifically dedicated to the plan.
The Equitable Life Assurance Society (Equitable Life), founded in 1762, is a life insurance company in the United Kingdom. The world's oldest mutual insurer, it pioneered age-based premiums based on mortality rate, laying "the framework for scientific insurance practice and development" [1] and "the basis of modern life assurance upon which all life assurance schemes were subsequently based". [2]
One of the most overlooked problems with Ford and General Motors in recent history was their massively underfunded pension plans. Consider that at the end of 2012 Ford's global pension plan was ...