Category: pension
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Waspi campaigners threaten legal action as pension compensation row deepens
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The group of inequality in women’s retirement pensions demands that 3.6 million women were changing because the government failed to provide sufficient warning when it raised the retirement age from 60 to 65, and then to 66. These changes are due to the legislation that was presented in the nineties,…
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Waspi campaigners threaten legal action as pension compensation row deepens
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The group of inequality in women’s retirement pensions demands that 3.6 million women were changing because the government failed to provide sufficient warning when it raised the retirement age from 60 to 65, and then to 66. These changes are due to the legislation that was presented in the nineties,…
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Is It Legal To Invest SSAS Pension in Cryptocurrency?
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UK citizens are not allowed to hold cryptocurrencies in their personal pensions. So, if you are looking for a way to profit from the volatile cryptocurrency market, there are two ways to do so. You can buy shares in companies in the cryptocurrency industry or create your own self-administered mini…
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Australia’s Biggest Pension Fund Makes Historic $17M Bitcoin Investment, A National First
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This article is also available in Spanish. In a pioneering move for the Australian superannuation industry, AMP Ltd., a prominent superannuation and wealth management firm, has… Customized Nearly $27 million AUD (about $17.2 million USD) worth of Bitcoin (BTC) futures contracts. This investment marks AMP as one of the first…
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British pension savers set to benefit from Trump’s pro-business policies
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British pension savers are set to benefit from Donald Trump’s election victory, as the former US president’s pro-business stance boosts stock markets, especially in the US. Andrew Evans, CEO of Smart Pension Group, a leading UK pensions company, highlighted the positive impact of US emerging markets on UK pensions through…
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Michigan’s Pension Fund Allocates $10M To Ethereum ETFs, Exceeding BTC ETF Holdings
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The state of Michigan on Monday disclosed significant investments in exchange-traded funds (ETFs) for Bitcoin and Ethereum in a 13F filing with the U.S. Securities and Exchange Commission (SEC). This strategic move represents an important step for institutional investment in digital assets, as the Michigan Retirement System manages approximately $144…
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Investors rush to withdraw pension funds amid fears of tax hikes in upcoming budget
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Investors are withdrawing money from their pension funds in increasing numbers, fearing potential tax increases in the next budget. AJ Bell, one of the UK’s largest manual wealth managers, has reported a spike in pension withdrawals, as clients move to secure tax-free lump sums ahead of potential changes by the…
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National Insurance on employer pension contributions could raise billions for Treasury coffers
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The introduction of national insurance on employer contributions to pensions could generate billions for the Treasury, according to Sir Steve Webb, the former pensions minister. Webb, now a partner at LCP, points out that this reform could raise up to £16bn net a year and could be the most likely…
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I retire in January, how do I budget my lump sum and monthly pension?
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My name is Charles. I am scheduled to retire from work in January 2025. I expect to come home with a lump sum salary of Sh3 million and a monthly pension of Sh65,000. How do I invest this money for a comfortable post-retirement life with the same standards I currently…
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Treasury seeks to curb pension tax benefit
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The Ministry of Finance has introduced a series of radical measures aimed at reducing the fiscal deficit to 4% next year. Among these measures is the imposition of taxes on advanced training funds, which until now have mainly been a tax-free savings program. The Ministry stated in its explanation of…
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Mbadi taskforce to verify claims of Sh90bn unremitted county pension cash
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Treasury Minister John Mbadi is setting up a team to investigate allegations that an estimated Sh90.3 billion in county employees’ retirement savings have not been transferred to directors’ schemes. The Australian Superannuation Commission, the industry regulator, said the accumulated money was deducted from the payrolls of workers in decentralised units…
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Two million self-employed workers face pension crisis, warns IFS
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The Institute for Fiscal Studies has warned that nearly two million self-employed workers in the UK face an imminent pension crisis due to insufficient savings. The latest report reveals that only 500,000 self-employed people earning more than £10,000 a year contribute to a pension, leaving 1.8 million people with no…
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State pension set to rise by £400 amid criticism of winter fuel allowance cuts
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The UK government is set to increase state pensions by more than £400 a year, following criticism of Chancellor Rachel Reeves’ decision to means-test the winter fuel allowance. The Treasury calculates that the full state pension could rise in line with average earnings due to the implementation of the triple…
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South Korean Pension Fund Buys $34 Million in MicroStrategy Shares
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South Korea’s National Pension Service (NPS) has bought $34 million worth of shares in MicroStrategy, a business intelligence firm that has raised billions of dollars in Bitcoin. BREAKING: ?? South Korea’s pension fund announces $34 million purchase of MicroStrategy shares. pic.twitter.com/Sg5cRAkjzZ — Bitcoin Magazine (@BitcoinMagazine) August 16, 2024 According to…
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Get policies right for pension planning
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Economic policies are the foundation on which pension funds thrive or falter. When the economic environment is conducive, with sustained growth and inflation under control, pension funds can meet their obligations to retirees. Otherwise, the financial security of retirees is threatened. The National Social Security Fund Act of 2013, which…
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With a Sh2.5m pension, how can my father invest to live comfortably in the village?
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My name is Eugene. My father will retire in December this year and will move to the countryside. He will receive a lump sum pension of about Sh2.5 million. We wonder how he can invest the money to better his village. During his working life, he has built some rental…
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Michigan adds $6.6m in Bitcoin ETFs to pension fund
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The Michigan State Retirement System has invested $6.6 million in ARK 21Shares’ ARKB Bitcoin ETF. Investing in exchange-traded funds, a statement On Form 13-F filed with the Securities and Exchange Commission, that amount represents a small portion — 0.004% — of the state’s massive $143.9 billion pension fund. Michigan’s decision…
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Michigan adds $6.6m in Bitcoin ETFs to pension fund
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The Michigan State Retirement System has invested $6.6 million in ARK 21Shares’ ARKB Bitcoin ETF. Investing in exchange-traded funds, a statement On Form 13-F filed with the Securities and Exchange Commission, that amount represents a small portion — 0.004% — of the state’s massive $143.9 billion pension fund. Michigan’s decision…
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Treasury urges Chancellor to target pension savings of 6m middle-class workers
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Rachel Reeves, Consultant Rachel Reeves will push to tap into the retirement savings of up to 6 million middle-class workers in plans Treasury officials presented ahead of her first budget. The Chancellor is expected to consider a proposal to cut pension tax to a flat rate of 30% – meaning…
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VanEck To Launch Bitcoin ETF Exposure For French Pension Plans
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VanEck, a Bitcoin ETF issuer, has teamed up with asset management firm Inter Invest launch First ever offer of Bitcoin exposure within French retirement savings plans. The initiative is being facilitated by VanEck’s VBTC Bitcoin ETF, which was also recently launched. It was launched. On Australia’s leading exchange. With a…