Top benefits of a COMMON TRUST for SSAS members.

When a SSAS purchases a property on the behalf of its’ members, it does so as a single purchase transaction. It holds the asset in a non-allocated common trust. It is for the benefit of all members, in proportion to their share of the pension fund. The U.K. top rated SSAS provider’s, [...]

Source: http://www.pensionpractitioner.com/blog/common-trust-for-ssas-members-benefits/44/

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Who?ll win this Pension Referendum?

We are about to have a pensions referendum. Votes will be cast not at the ballot box but through an obscure process known as “the opt-out“. Over the next five years , more than 5m people, around 20% of the … Continue reading →

Source: http://www.pension-calculator.info/wholl-win-this-pension-referendum/

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From doctrine to detail: why conservatism is doomed

Surveying the political field following the local elections - where Labour made gains at the expense of Conservatives and Liberal Democrats  - Ed West confesses gloomily that ‘Being a pessimist by nature, I’m not sure it’s simply a matter of the Conservatives becoming more conservative’. Apparently the brand is not what it used to be.

Read the full blog post here

Source: http://www.iea.org.uk/blog/from-doctrine-to-detail-why-conservatism-is-doomed

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Public Pension Reform is Seen as Urgent

According to "State Pension Reform, 2009-2011" by Ron Snell (National Conference of State Legislatures, March 2012), all but seven states have made "major changes" in order to lower pension fund obligations. Increasing employee contributions, reducing employer contributions and/or tightening up age and service requirements that dictate when someone can retire are a few of the reforms underway. Modifying how benefits are calculated, offering limited benefits to new employees and replacing defined benefit plans with defined contribution plans are a few of the action steps taken by legislators who worry that there is not enough money to maintain the status quo.

For a state by state listing of the types of retirement plans in place, check out the "Checklist of State DB, DC, and Other Retirement Plans" by Ronald K. Snell (National Conference of State Legislatures, January 2012).

While the pace of change has been noticeably faster in the last few years than ever before, budget reformers still angst about whether various courts will prevent reform by insisting that benefits are guaranteed pursuant to the terms of a given state's constitution and therefore cannot be altered.

Palm Beach Post reporter John Kennedy reports that workers in the Florida Retirement System may not have to add 3 percent to their pensions if the highest court in the state rules that doing so would violate its governing dictates. See "Challenge of Florida's forced pension contribution goes to Supreme Court" (March 16, 2012). In "Pension-deal danger: Vote twist leaves door open to lawsuit," New York Post reporters Fredric U. Dicker and Erik Kriss explain that a new pension tier system, signed into law by Governor Andrew Cuomo on March 16, 2012 may face a legal block by "Senate Democrats or one of the public-employee unions that are trying to fight this." As described in "Untouchable Pensions May Be Tested in California" by Mary Williams Walsh (New York Times, March 16, 2012), cities in the Golden State may be barred from enacting reform because of binding provisions in the state constitution. Whether a financially troubled municipality that files for bankruptcy protection will be subject to federal laws - with state mandates taking a legal back seat - is another "hold your breath" issue.

In "Tea Party Redux: State Pensions in Turmoil" by Susan Mangiero (www.pensionriskmatters.com, July 27, 2006), the question was asked whether taxpayers will "enough." With numerous headlines squarely focused on budget crises related to benefit plan funding, "enough" may not come soon enough for some.

Source: http://feeds.lexblog.com/~r/PensionRiskMatters/~3/iEqwXbSux3Y/

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Free Conveyancing Discount Code

How much do you ?like? Arc Property Solicitors? Do you like us enough to join the Arc Property Solicitors facebook page? Well that?s all you have to do to get [...] Source: http://www.arcpropertysolicitors.com/blog/free-conveyancing-discount-code/ stamp duty on land stamp duty land … Continue reading →

Source: http://www.can-i-retire.info/free-conveyancing-discount-code-3/

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The texts that could cost Jeremy Hunt his job

Two text message exchanges stand out from this morning’s Leveson testimony by Jeremy Hunt, both sent on the day we found out that Vince Cable had told undercover reporters he had “declared war on Murdoch”.

The first was one sent by the culture secretary to James Murdoch. Referring to the European Commission’s decision to let the News Corp’s bid for BSkyB proceed, Hunt texted Murdoch:

Congrats on Brussels. Only Ofcom to go.

Source: http://feedproxy.google.com/~r/ft/westminster/~3/mJ9yF8_fkWg/

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Could the Eurozone crisis mark the end of Type C contingent assets for Pension Protection Fund purposes?

Earlier this month Chris Jackson posted on the changes that have been made to PPF Type A guarantees under this year’s Pension Protection Fund levy determination, published in December 2011.� Whilst Type A guarantees are by far the most popular … Continue reading →

Source: http://www.pensionforecast.info/could-the-eurozone-crisis-mark-the-end-of-type-c-contingent-assets-for-pension-protection-fund-purposes-9/

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