Campaigners calling for an end to fossil fuel pension investments have said Brighton and Hove City Council has no voice in making key decisions about its pension investments. Luke Simanowitz spoke on behalf of Divest East Sussex when he told a virtual full-council meeting that East Sussex County Council, whichRead More →
The subject of the pension credit, a means-tested benefit that consists of two parts, the savings credit and the guarantee credit, was discussed on Monday during questions on real work and pensions in the House of Commons. communes. MPs posed questions to Work and Pensions Secretary Therese Coffey and herRead More →
Two of New York City’s five retirement systems pension funds will divest about $4 billion in securities tied to fossil fuel companies, city officials said Monday. The boards of the New York City Employees’ Retirement System, worth $77.4 billion, and the New York City Teachers’ Retirement System, worth $91 .4Read More →
By Dhara Ranasinghe, Saikat Chatterjee LONDON (Reuters) – China’s $16 trillion bond market is the proverbial elephant in the investment room. But it is becoming too important to ignore, even for the most risk averse Western investors. FILE PHOTO: Chinese yuan banknotes are seen behind the illuminated stock chart inRead More →
This spring, benefit rates for millions of people will change. Universal credit, personal independence payments, jobseeker’s allowance and many more are expected to increase, as reported by the Department of Work and Pensions. Previously, benefit levels had not increased with inflation for at least four years due to a benefitRead More →
Good pensions fund good infrastructure. Good infrastructure pays for good pensions. This crucial relationship is only noticed when they both go missing, as the United States, United Kingdom, and several other countries discover. Having largely dismantled the company defined-benefit pensions of yesteryear, they are now struggling to turn fragmented individualRead More →