Page 469 - Pensions News Today

Has now said that all of those things are back on the table. this leaves massive questions for liz truss about what she stands for, and who is really in charge, after the economic plan that she won the tory leadership election on now all hangs on the balance. the opposition were quick to say it was not enough for the prime minister to just replace her chancellor. they did notjust tank the british economy, they also clung on, clung on as they made the pound sink, clung on as they took our pension...

Chancellors mini budget has forced a fundamental rethink, plunging her premiership into chaos. yesterday, the smiles had gone and the prime ministers appearance in number ten did little to convince her tory party critics that she is up to the job. some believe herfuture now hinges on the chancellors budget at the end of this month. if that package doesnt work and the markets are still reacting all over the place, then i think she is in considerable trouble. she has admitted mistakes and if she a...

But i emphasise could, because i think it all depends on that financial statement on the 31st of october. the opposition said the prime ministers government was now clinging on. they didntjust tank the british economy, they also clung on. clung on as they made the pound sink, clung on as they took our pensions to the brink of collapse, clung on as they pushed the mortgages and bills of the british public through the roof. they did all of this. liz truss clearly wants to battle on, hoping this tu...

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Assets sitting behind them. so they were never going to go bust. they have a cash problem. that has caused real headaches and has caused sale of assets at a low price and so on, but over the last ten days a lot of work has been going on, so they are in a much stronger position today. many of these pension schemes have got quite big employers standing behind them. if you work for a supermarket, it is the supermarket pension scheme and if the supermarket is asked for extra money, a loan or contrib...

Of bonds and they don�*t have much choice in the matter. the value of the bonds are falling, some of them needed to sell the bonds quickly to raise money, making the situation worse. so last month, the bank of england had to step in and start buying the bonds to stop the prices falling too fast. that acts, if you like, as a kind of backstop because the price won�*t fall below what the bank is prepared to offer for them. some pensions have invested in more complicated arrangements, which were...

And that in turn will increase government revenues and help pay for the tax cuts and that should help to calm the bond market. but it�*s spooked people who have invested in uk government debt and are worried that the uk has become a less reliable borrower than it used to be. and lots of them started selling their bonds, pushing the price down. now, something you need to understand about bonds is this. if the price goes down, then the effective interest rate, which is called the yield, goes up....

Of the conservative party, and you fire him and then pretend that because you bring in a new face, somethings going to be better, i think it will make even worse for her. if they do get rid of her, which i think they will eventually, by the way, but if they do get rid of her, the one thing they are going to have to avoid at all costs is putting it back to the tory party members, because they will then, i suspect, do something as crazy. and so i think if youre in a crisis, you have to think about...

The Pensions Regulator (TPR) has moved to reassure savers that defined benefit (DB) pension schemes are safe after a number of media sources reported of their imminent collapse in the run-up to the Bank of England’s gilt market intervention.

U—turn on that. do you think there should be? i u-turn on that. do you think there should be?— u-turn on that. do you think there should be? ~ , , ., should be? i think they should never have time limited _ should be? i think they should never have time limited it _ should be? i think they should never have time limited it is _ should be? i think they should never have time limited it is far _ should be? i think they should never have time limited it is far ahead - should be? i think they sh...