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Pension UK: 2021 set to bring 'changes' - how Britons can grow retirement savings | Personal Finance | Finance


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Pension saving can be a difficult endeavour, particularly for those who are currently feeling a financial pinch, and circumstances are likely to have changed in recent months. Many will have had their usual working lives uprooted through furlough, and self-employed people may be in receipt of government grants. Those who have lost their jobs may have stopped saving towards retirement altogether, and some may have paused contributions. ....

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Pension UK: Britons in their 40s and 50s lagging behind in retirement savings - act now | Personal Finance | Finance


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Pension saving is usually assumed to take place through a combination of workplace and personal arrangements, which, when combined with the state pension, can provide a healthy sum for retirement. However, beneficial help to build up a pension fund such as auto-enrolment has only been introduced in recent years, and still remains a relatively new concept. In addition, many of the older pension schemes, such as Defined Benefit which provides a secure and increasing income for life, have been phased out and replaced with alternatives. ....

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Multiemployer Funding Reform Bill Reemerges in the House


BY
January 21, 2021
Efforts to address the funding crisis facing multiemployer pension plans, as well as provide single employer funding relief, just got a big boost from a key member of Congress. 
House Ways & Means Committee Chairman Richard Neal (D-MA) on Jan. 21 introduced the Emergency Pension Plan Relief Act of 2021 (EPPRA), which is an updated version of the Butch Lewis Act and the first piece of legislation Neal introduced in the new 117
th Congress, signaling the importance of the issue to him. 
“The workers and retirees enrolled in these failing plans did everything right they put away money year after year to save for their futures, even forgoing pay raises to do so,” Chairman Neal said in a statement announcing the introduction of the legislation.  ....

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