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Savers trying to bend pension rules

2015-06-05 23:06:54| BBC News | Business | UK Edition

Cash-strapped savers are trying to bend pension transfer rules, financial advisers are warning.

Huge Pension Fund in Norway Will Divest Many of Its Coal Holdings

2015-06-05 19:02:00| Climate Ark Climate Change & Global Warming Newsfeed

Yale Environment 360: The Norwegian Parliament has voted to sell off many of the coal-related investments in the governments massive $890 billion pension fund, a significant boost to the growing fossil fuel divestment movement. Norways sovereign wealth fund is the largest such government fund in the world, and parliament voted Friday to order the fund to shift its investments out of billions of dollars of stock in companies that rely at least 30 percent on coal. A spokesman for the firm that manages the governments...

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Apology over pension cash U-turn

2015-06-04 13:38:18| BBC News | Business | UK Edition

A pension provider has apologised to customers after backtracking on plans to allow people to withdraw some of their pension savings in cash.

Tags: cash pension apology uturn

Supreme Court declines to hear Verizon case on pension fund switch

2015-06-02 16:53:43| IT Services - Topix.net

The U.S. Supreme Court declined to hear a case filed by retirees of Verizon Communications Inc., New York, claiming they and other employees were involuntarily switched from Verizon's pension fund to a spinoff company. The ERISA class action, originally filed in a U.S. District Court in Dallas in November 2009, charged that they were switched without their knowledge or consent to a pension fund run by Dallas-based Idearc Inc., a Verizon spinoff company that filed for Chapter 11 bankruptcy in March 2006.

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