Millions to face pension 'misery'
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Many Britons face retirement poverty unless they work longer or save more a government inspired report is expected to say on Tuesday.
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NEW YORK -- The corporate pension crisis seems to be going from bad to worse. First, companies struggled to come up with the money to cover their benefit obligations, and now they want to ditch their plans altogether.
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A scheme to assist workers who have lost their pensions cost twice as much to run as it has paid out, an MP claims.
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MILLIONS face working an extra five years and saving more for their retirement to plug a Â£57bn pensions black hole, a report will warn tomorrow.
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NEW YORK - The corporate pension crisis seems to be going from bad to worse. First, companies struggled to come up with the money to cover their benefit obligations, and now they want to ditch their plans altogether.
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ENGINEERS were today tackling a massive computer failure which has caused chaos at the Department for Work and Pensions. Up to 80 per cent of the ministryâs systems for processing millions of pension and benefit payments collapsed on Monday.
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The voluntary approach to work-based pensions is in the "last chance saloon", a government-sponsored report warns.
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A housing charity warns that thousands of homeowners are struggling to repay their mortgages.
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Stricken mortgage lender reveals Â£100m black hole in employee pension funds
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As many pension plans have failed in the past three years, some high earners who retired early have been left with pensions much lower than what they had expected.
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Pension rules need to be changed to help women avoid poverty in old age as a mix of low pay and time out for childcare is limiting their retirement savings, the TUC says.
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One million more people face retirement without a pension than when Labour came to power, the Conservatives say.
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A High Court judgement due on Wednesday is eagerly awaited by 85,000 people who lost company pensions.
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The U.S. government agency that  insures corporate pensions will run out of money in 2020 if  current financial conditions persist, imperiling the checks of  millions of retirees, a new independent study shows.
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Business & money: Amount people are saving in Britain slump, as rises in consumer spending, higher pension and tax payments take their toll.
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Three quarters of a million NI people face poverty when they retire, according to the General Consumer council.
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Party risks wrath of teachers and nurses by vowing to reconsider pensions handed to public sector.