UK Business News

The Pension Protection Fund came into being through the Pensions Act 2004 and acts as a kind of insurance for members of pension schemes which have to be wound up. It was set up by the government to protect and compensate employees who make regular contributions to their pension through a pension fund, if [...]

[Read more →]

The financial crisis has no doubt affected everyone in the UK in one way or another, but for those who are approaching retirement the outlook is perhaps the most gloomy.
With any luck if you are in a pension plan either personally or through your company, if it has been running long enough you might just [...]

[Read more →]

The UK’s biggest retailer, Tesco say they have carried out a sale and lease back deal for property valued at £514million with an unnamed UK Pension fund.
The deal will see Tesco selling fifteen of its stores and two of its distribution centres to a 50-50 joint venture company owned by Tesco and the unnamed pension [...]

[Read more →]

Business secretary Peter Mandelson has called upon the former bosses of carmaker Rover MG to apologise for milking the profits from the business following the news that they took pay and pensions worth £42million, shared by five executives.
The government has said that the former directors known as the ‘Phoenix Four‘ plus chief executive Kevin Howe, [...]

[Read more →]

According to exclusive research carried out by Financial Mail recently a staggering 60% of small business owners are delaying retirement due to the UK’s economic downturn.
One third of small business owners considering selling their businesses agree that the state of the UK economy has severely affected interested parties; with 20% suggesting the selling price had [...]

[Read more →]