{"id":71555,"date":"2017-11-11T14:00:18","date_gmt":"2017-11-11T07:00:18","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/nationwide-shows-pensions-future-neednt-be-a-grim-one\/"},"modified":"2017-11-11T15:03:50","modified_gmt":"2017-11-11T08:03:50","slug":"nationwide-shows-pensions-future-neednt-be-a-grim-one","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nationwide-shows-pensions-future-neednt-be-a-grim-one\/","title":{"rendered":"Nationwide shows pensions\u2019 future needn\u2019t be a grim one |"},"content":{"rendered":"


\nThe 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 by cut-price defined contribution schemes that pay out a meagre outcome entirely dependent on how the stock market performs. Yet in a week when the Paradise Papers have revealed the extraordinary lengths some big companies go to avoid taxes and social responsibilities, it is refreshing to name one company that has gone in the other direction.That firm is Nationwide building society, which in 2014 took a look at its pension scheme and decided it just wasn\u2019t doing enough for its 18,500 employees. What Nationwide shows is that companies can look after their employees, and that the outlook for pensions needn\u2019t be so utterly grim. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Nationwide shows pensions\u2019 future needn\u2019t be a grim one |<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The building society launched a campaign that has boosted contributions and made staff more engaged...<\/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-71555","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-iC7","jetpack-related-posts":[{"id":61432,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-government-has-got-it-wrong-on-pensions-letters\/","url_meta":{"origin":71555,"position":0},"title":"The government has got it wrong on pensions | Letters","date":"July 22, 2017","format":false,"excerpt":"\r Readers discuss Philip Hammond\u2019s claim that public sector pensions are generous and the decision to bring forward the raising of the state pension ageThe chancellor of the exchequer recently pointed out that public sector pay was superior to private sector pay because of the occupational pension accruing to long-time\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":71555,"position":1},"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":5328,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/widows-and-widowers-pensions-could-be-axed-under-new-proposals\/","url_meta":{"origin":71555,"position":2},"title":"Widows and widowers' pensions could be axed under new proposals","date":"November 10, 2013","format":false,"excerpt":"\r Pension 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":27439,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bmw-to-shut-final-salary-pensions-of-5000-staff-in-britain\/","url_meta":{"origin":71555,"position":3},"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":21991,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-interest-rate-cut-is-a-hammer-blow-for-workplace-pensions\/","url_meta":{"origin":71555,"position":4},"title":"UK interest rate cut is a 'hammer blow' for workplace pensions","date":"August 4, 2016","format":false,"excerpt":"\r Pension payouts could fall to record lows as companies see cost of maintaining final salary schemes soarPension savers could be big losers from the Bank of England rate cut, as critics warned of a \u201chammer blow\u201d to workplace schemes and forecast that pension payouts would fall to record lows.Within\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":71555,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/71555"}],"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=71555"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/71555\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=71555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=71555"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=71555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}