1+ day, 18+ hour ago  (139+ words) UK pension surplus rules allow trustees to release funds to employers and members under new framework. Regulator warns trustees must resist employer pressure and prioritize member protection and long-term funding security. Around 80 percent of defined benefit schemes are in surplus…...

2+ day, 2+ hour ago  (270+ words) DB pension schemes at strongest financial position in a generation with surpluses quadrupling. 60% of schemes in surplus on buyout basis, 80% on low dependency basis. Defined benefit pension schemes have reached their strongest financial position ever. The number of schemes in…...

2+ day, 8+ hour ago  (903+ words) Kmart has upgraded 16 of its 300 stores, representing 5. 3 percent of its network, under the new Plan C+ format. The company is moving checkouts back to the front of stores after more than a decade of central checkout operations. Kmart plans to…...

2+ day, 5+ hour ago  (303+ words) Pension funds and pension death benefits will be included in estate valuations for Inheritance Tax from 6 April 2027. Around 10, 500 additional UK estates are expected to become liable for Inheritance Tax in the first year of the reform. Executors will be responsible…...

3+ day, 15+ hour ago  (147+ words) Social Security trust fund depletes in 2032, triggering 22% automatic benefit cuts. Medicare Hospital Insurance fund runs dry in 2033 without congressional action. 75-year shortfall worsened 16% for Social Security and 33% for Medicare. Bipartisan commission bill introduced June 9 to develop long-term solvency solutions. Social…...

4+ day, 15+ hour ago  (523+ words) Social Security payments begin June 10 for beneficiaries born 1st-10th of month. 2. 8% COLA increase added $56 monthly benefit, but Medicare premiums rise 9. 7%. Retirement trust fund exhausted by 2032 triggers automatic 24-28% benefit cuts. 63 million Americans impacted if insolvency occurs without congressional action. Social Security benefits…...

4+ day, 13+ hour ago  (284+ words) Capita took over Civil Service Pension Scheme in December 2025 serving 1. 7 million members. Bereaved families report nine-month delays in receiving survivor benefits and lump-sum payments. Capita used automated emails instead of human support to contact struggling members. Parliament tabled Early Day…...

5+ day, 20+ hour ago  (135+ words) Wealthy Singapore family filed about 10 lawsuits over property and inheritance disputes. First lawsuit in 2003 involved son's use of Ardmore Park apartment, later discontinued. Judge noted family's reliance on litigation to settle differences was atypical. Clear communication about inheritance plans prevents…...

1+ week, 1+ day ago  (338+ words) Hong Kong civil service unions demand 4% minimum raises for 2026-27. Salary survey shows 4. 12% senior, 2. 64% mid-level, 1. 17% junior staff. Inflation at 3. 1% year-to-date drives union concerns about real wage cuts. The Salary Trend Survey Committee released preliminary results for 2026-27 showing different pay increases by…...

1+ week, 2+ day ago  (438+ words) The CBO's 2026-to-2036 Budget and Economic Outlook projects the OASI trust fund will run out of money in 2032. If Congress does nothing, benefits could drop 7% for the remainder of that year and then fall by an average of 24% annually from…...