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Top related persons:
Jeremy Hunt - 1 Jessica Taylor - 1 Handout - 1 Richard Gnodde - 1 Becky O’Connor - 1 Jon Hatchett - 1 Hymans Robertson - 1 Andrew Bailey - 1
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London Britain City PensionBee Britain's
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REUTERS - 1 Aviva - 1 Goldman Sachs - 1 Public Affairs - 1 Bank of England - 1 Financial - 1 Thomson - 1

Search resuls for: "PensionBee"


3 mentions found


☆ Britain's 50-billion pound pensions gamble could put savers in fresh peril
  + stars: | 2023-07-11 | by ( Sinead Cruise Carolyn Cohn | Sinead Cruise | Carolyn Cohn | ) www.reuters.com   time to read: +4 min
[1/2] British Chancellor of the Exchequer Jeremy Hunt holds a Ministerial Statement at the House of Commons in London, Britain, June 26, 2023. The government rocked pension savers last September with a fiscal statement that drove government bond yields higher and forced pension schemes to scramble for cash, triggering a parliamentary inquiry into their investments. The government is under pressure to revitalise domestic investor interest in several industries considered key to Britain's growth, including fintech, biotech, life science and clean technology. Encouraging greater investment in growth assets will help younger savers but the reforms offer little hope to those retiring in the near term. Inflation continues to ravage Britain's economy, with rates running higher than in any other major rich country.
Persons: Jeremy Hunt, Jessica Taylor, Handout, Richard Gnodde, Becky O’Connor, Jon Hatchett, Hymans Robertson, Andrew Bailey, Hunt, Anna Anthony, Sinead Cruise, Carolyn Cohn, Nick Macfie Organizations: REUTERS, Aviva, Goldman Sachs, Public Affairs, Bank of England, Financial, Thomson Locations: London, Britain, City, PensionBee, Britain's
☆ Brits warned they are not saving enough for retirement and face a 'risky' future
  + stars: | 2023-04-24 | by ( Hannah Ward-Glenton | ) www.cnbc.com   time to read: +4 min
Richard Baker / Contributor / Getty ImagesLONDON — Workers in the U.K face a "risky" future when it comes to their pensions, according to a report released by think tank the Institute for Fiscal Studies. Almost 90% of Brits aren't putting an appropriate amount of money into their pension pots — generally considered to be around 15% of earnings, according to the IFS report. Including self-employed savers within that framework would also boost their pension pots and reduce their dependence on the state pension later in life, Savova added. Most people in the U.K. are automatically entitled to a state pension, which is currently £203.85 ($253) per week. "Increasing the State Pension Age will only escalate pensioner poverty which falls disproportionately on those who have lower incomes and retire early due to ill-health," Peaple told CNBC via email.
☆ 'It will prosper': Analysts say buy this global fintech stock with over 140% upside
  + stars: | 2023-02-10 | by ( Ganesh Rao | ) www.cnbc.com   time to read: +2 min
Shares of PensionBee , the U.K.-based digital pension provider, are expected to more than double in a year, according to a number of analysts. As a result, the Wall Street bank expects the stock to rise by 216% to £2.17 ($2.63) over the next 12 months. The positive outlook will be a reversal for the fast-growing company's stock, which fell by 60% in 2022 amid a broader sell-off in the U.K.'s small and mid-cap equity market. The consensus price target of five analysts covering the company gives the stock 146% potential upside. The German investment bank expects the stock to rise by more than 143% in the next 12 months to £1.70.
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