Posts by: John Devine

The union representing workers at the UK’s Royal Mail says it will defend its strike action to protest changes to the company’s pension plan. The Communications Workers Union, reports Reuters, will “defend its position on industrial action against Royal Mail PLC in the High Court on Thursday.” The union revealed on Oct. 3...

Australian-style retirement income targets may be coming to UK savers, writes Alex Warnakulasuriya for Pension Expert. That’s the suggestion of the Pensions and Lifetime Savings Association in a consultation paper. “In 2017, the Association of Superannuation Funds of Australia set the lump sums required for a single...

ARIA Pensions Blog, Email: sitemanager@ariapensions.ca, 12 Dunlop Street East, Barrie, Ontario, Canada, L4M 1A3

Proposed legislation to beef up the pensions of retired American miners is proving to be a tricky bill to pass, writes Ben Wolfgang for the Washington Times. The bill, American Miners Pension Act, is “aimed at ensuring the pensions of 87,000 retired union miners — and another 20,000 who will retire in the coming...

The Great Recession of a decade ago prompted “the real estate investing team at Quebec’s public-sector pension manager” to notice “an interesting trend in its portfolio of holdings,” writes Janet McFarland for the Globe and Mail. The Caisse de dépôt et placement du Québec owned apartment buildings in New York, and...

Voluntary retirement plans always had potential, in theory, if people acted rationally and joined them to save for retirement, writes Ben Steverman for Business Day. But experience has shown that when it comes to retirement savings, people don’t always act rationally and do what’s best for them. As employers closed...

Musicians with the UK’s Royal Opera House orchestra have opted for an improved pension plan over higher wages, a decision that could have wide-ranging consequences, writes Sophie Imeson for Pension Experts. The decision to take a lower wage hike to “fund an improved pension scheme for new and future members” has...