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Takaud aims to diversify savings with new planTakaud, a specialist provider of savings and pensions, has launched a new individual savings plan which aims to diversify personal savings and widen the investment horizon for long term savers. “There is clearly a critical n More… |
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Bahrain raises pensioners' payoutsPensioners in Bahrain with a monthly payout of up to BD700 ($1,846) will be entitled to an increase of BD75, said a top government official. A retiree whose pension is between BD700 and BD1,500 will be eligible for an increase of More… |
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UK may make pension savings compulsoryBritain may soon have to force workers to start saving for retirement to cut a soaring pensions bill set to reach 120 billion pounds in 20 years. The government wants people to pay into their ow More… |
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Bahrain abolishes $10,500 cap on pensionsBahrain has abolished a BD4,000 ($10,507) cap on pensions, six years after being implemented, a report said. The Shura Council approved a new bill, which was backed by the Cabinet after it acknowledged that the current cap was unf More… |
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Nexus eyes 25pc jump in 2013 revenueNexus, one of the largest independent financial advisors in the region, said it expects its 2013 revenue to jump by an average of 25 per cent across its core businesses of life, investment, pension, and general insurance. The worl More… |
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Takaud to launch private pension productsBahrain-based Takaud Savings and Pensions aims to launch its initial pension product in the fourth quarter of this year, becoming the first Gulf-based private pension provider, its chief executive said. Takaud, which received regulatory More… |
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Bahrain mulls scrapping cap on pensionA BD4,000 ($10,600) cap on monthly pensions in Bahrain could soon be abolished under a Shura Council proposal. The council-drafted proposal was unanimously approved yesterday and backed by the government, which acknowledged the current bil More… |
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Bahrain’s budget deficit up 5-fold in 10 yearsBahrain's budget deficit has increased up to five-fold in the last 10 years, a senior government official said, adding that in 2002 the figure stood at 1.8 per cent and is expected to reach around 9.7 per cent this year. Finance Minist More… |
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British pensions face $134bn deficitBritish companies with defined benefit pension schemes are likely to face rising pressure to plug deficits that could grow by 85 billion pounds ($134 billion) this year against a backdrop of falling bond yields and prolonged market volatility, a s More… |
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Abu Dhabi to pay for UAE pension hikeThe emirate of Abu Dhabi will pay the cost of the United Arab Emirates' decision to hike minimum pensions of former military and federal government employees to 10,000 dirhams ($2,700) per month, a senior government official was quoted as saying o More… |
