In Singapore, the compulsory pension fund is used to help build local housing. So why is Nest, the UK fund, investing just 8.5% of its pot in the UK?
You may not want an iPhone 6. You may have never owned anything produced by Apple. You may not even be on the internet. But if you want enough money in retirement, you had better hope Apple shifts zillions of the things.
One of the extraordinary facts to have emerged in our review of auto-enrolment two years old this week is where the money is going. Millions of people, often on relatively low incomes, are for the first time saving into a pension. Millions more will join them over the next few years as the scheme is forced on to almost every employer in the country, no matter how small.
Continue reading... Reported by guardian.co.uk 2 days ago.
You may not want an iPhone 6. You may have never owned anything produced by Apple. You may not even be on the internet. But if you want enough money in retirement, you had better hope Apple shifts zillions of the things.
One of the extraordinary facts to have emerged in our review of auto-enrolment two years old this week is where the money is going. Millions of people, often on relatively low incomes, are for the first time saving into a pension. Millions more will join them over the next few years as the scheme is forced on to almost every employer in the country, no matter how small.
Continue reading... Reported by guardian.co.uk 2 days ago.
