How is the rise in UK interest rates likely to affect you?

After pegging the bottom at an unprecedented 0.25% for a decade, the Bank of England surprised almost no-one on 2 November when it announced an increase of 0.25% to its Bank Rate, bringing the benchmark lending rate to 0.5% With UK inflation sitting well above the target of 2% for the eighth month in a row in September this year, and with Sterli…

Pension transfer requests are soaring. So should you follow suit?

There’s no let-up in the coverage being given by the UK media to the difficulties facing employers sponsoring defined benefits (final salary) pension schemes. Driven by persistent highlighting of the deficits faced by many such schemes, the number of scheme members requesting to transfer out their pension savings and move these into personal p…

PWS team stands together to help underprivileged children in Sri Lanka.

Like many companies, PWS Group believes in the importance of giving back and of contributing in meaningful ways to help the less advantaged in our society. As many companies find, however, unless goals of this kind have an active champion within their organisation, they can easily be de-prioritised in the cut and thrust of day to day business. …

What if your former employer decides to ‘tackle’ its pension liability?

So there you are. You’re a member of one or more defined benefit pension schemes related to previous employment and, so far as you are concerned, your pensions in these pretty much “are what they are”. Your expectation is that these pensions will hold their value, maybe increase a little between now and your retirement, and there really is…