{"id":5328,"date":"2013-11-10T14:00:09","date_gmt":"2013-11-10T07:00:09","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/widows-and-widowers-pensions-could-be-axed-under-new-proposals\/"},"modified":"2016-02-21T06:55:56","modified_gmt":"2016-02-20T23:55:56","slug":"widows-and-widowers-pensions-could-be-axed-under-new-proposals","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/widows-and-widowers-pensions-could-be-axed-under-new-proposals\/","title":{"rendered":"Widows and widowers' pensions could be axed under new proposals"},"content":{"rendered":"


\nPension for surviving spouse and inflation linking threatened under plan to make final salary schemes affordableWidows and widowers could lose their entitlement to payouts from their spouse’s workplace pension under proposals outlined by the government to make final salary schemes more affordable for employers.Firms have been closing final salary schemes, also known as defined benefit schemes, in recent years as increased life expectancy, high inflation and poor investment performance makes it increasingly expensive to offer a guaranteed payout based on earnings. They have been replaced with defined contribution schemes, where the eventual payout is based on the performance of the underlying investments. These are typically the schemes chosen by employers when auto-enrolling staff into pensions. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Widows and widowers’ pensions could be axed under new proposals<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Pension for surviving spouse and inflation linking threatened under plan to make final salary schemes...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-5328","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-1nW","jetpack-related-posts":[{"id":27439,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bmw-to-shut-final-salary-pensions-of-5000-staff-in-britain\/","url_meta":{"origin":5328,"position":0},"title":"BMW to shut final-salary pensions of 5,000 staff in Britain","date":"September 27, 2016","format":false,"excerpt":"\r Unite union vows to fight \u2018tooth and claw\u2019 car maker\u2019s switch to defined-contribution scheme after it posted record profits German car giant BMW has revealed plans to shut its two final-salary pension schemes for 5,000 staff in Britain \u2013 prompting the country\u2019s biggest trade union, Unite, to say it\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11488,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-pensions-system-has-failed-what-is-the-answer\/","url_meta":{"origin":5328,"position":1},"title":"The pensions system has failed \u2013 what is the answer?","date":"April 27, 2013","format":false,"excerpt":"\r Poor investment returns and dreadful annuity rates mean the outlook for defined contribution pension schemes is appallingTwo figures stunned me this week. The first was on Tuesday morning from the Office of National Statistics, which said that to buy an inflation-linked retirement income of \u00a325,000 a year \u2013 less\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":32349,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/size-of-deficit-in-defined-benefit-pension-schemes-drops-sharply-in-october\/","url_meta":{"origin":5328,"position":2},"title":"Size of deficit in defined benefit pension schemes drops sharply in October","date":"October 31, 2016","format":false,"excerpt":"\r Total deficit in UK\u2019s 6,000 defined benefit funds improves by \u00a360bn to \u00a3630bn, according to accountancy firm PwCThe size of the deficit in defined benefit pension schemes dropped sharply in October, according to a report on Monday.The total deficit in the UK\u2019s 6,000 defined benefit funds improved by \u00a360bn\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":71555,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nationwide-shows-pensions-future-neednt-be-a-grim-one\/","url_meta":{"origin":5328,"position":3},"title":"Nationwide shows pensions\u2019 future needn\u2019t be a grim one |","date":"November 11, 2017","format":false,"excerpt":"\r The building society launched a campaign that has boosted contributions and made staff more engaged with its pension schemeBritish pensions, as we reported recently, are among the grimmest in the developed world. The golden generation that retired with guaranteed final salary-style schemes is being replaced with a generation pauperised\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":78083,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/carillion-greed-hits-other-companies-pensions-letters\/","url_meta":{"origin":5328,"position":4},"title":"Carillion greed hits other companies\u2019 pensions | Letters","date":"January 26, 2018","format":false,"excerpt":"\r The Pension Protection Fund receives its money by levies on other pension funds, writes Peter BrownThe collapse of Carillion and the payout of \u00a3900m from the Pension Protection Fund will not be a \u201chit to the public purse\u201d (Report, 25\u00a0January). The PPF receives its money by levies on other\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5040,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/warning-over-final-salary-schemes-as-combined-pension-fund-deficit-grows\/","url_meta":{"origin":5328,"position":5},"title":"Warning over final salary schemes as combined pension fund deficit grows","date":"May 14, 2013","format":false,"excerpt":"\r PPF figures reveal shortfall up \u00a320bn to \u00a3256.6bn as DHL becomes latest firm to consult with staff on closing schemeFinal salary pension schemes could be consigned to history in just three years, experts have warned, as it emerged that the combined deficit of UK pension funds increased by \u00a320bn\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/5328"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=5328"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/5328\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=5328"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=5328"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=5328"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}