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“Retirement” Britain’s Biggest Independent Organization Criticizes Proposal to Raise State Retirement Age to 71

London, England – Critics of a proposal to raise the state retirement age to 71 warn that it will disproportionately affect middle-aged individuals. The proposal has sparked concerns from the National Pensioners Convention (NPC), which represents over 1.15 million members, as well as former pensions minister, Ros Altmann. The NPC expressed that the proposal does not accurately reflect the challenges of aging in the UK. General Secretary Jan Shortt highlighted that the increase in the …

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Retirees’ Biggest Mistake: Claiming Social Security Too Early

Raleigh, NC – Deciding when to claim Social Security can have a significant impact on your financial well-being during retirement. The timing of your application depends on various factors, such as your monthly expenses and life expectancy. For some individuals, claiming Social Security benefits as soon as they turn 62 may be the best decision, while others may benefit from waiting until a later age. However, there is one common decision regarding Social Security that …

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Malaysia’s PNB Chief Set to Lead Country’s Biggest Pension Fund, Sources Say – Exclusive

Kuala Lumpur, Malaysia – The Malaysian government is poised to appoint the current chief of Permodalan Nasional Berhad (PNB) to head the country’s largest pension fund, according to sources familiar with the matter. This move is seen as a significant development within the country’s financial sector and has the potential to impact the management of substantial financial resources. The decision to appoint the PNB chief to lead the pension fund, known as Kumpulan Wang Persaraan …

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OMERS Puts Canada’s Biggest Medical Testing Company, LifeLabs, Up for Sale in Major Auction

TORONTO, Ontario – One of the largest pension plans in Canada, Ontario Municipal Employees Retirement System (OMERS), has put up for sale the country’s largest medical testing company, LifeLabs Medical Laboratory Services, after building the business over 17 years. The company has drawn interest from potential buyers in both the United States and Canada. OMERS hired investment banks to help find a new owner for Toronto-based LifeLabs. The plan has invested more than $2.5 billion …

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State Pension Soars by 8.5%: Biggest Increase Ever in UK History

London, United Kingdom – Retirees in the UK are set to benefit from an 8.5 percent increase in state pension rates starting on Monday, April 8. This boost, in line with the government’s triple lock commitment, will provide seniors aged 65 and above with a significant increase in their government-funded pension payments. It marks one of the largest rises in state pension rates ever recorded. Under the new state pension rates for 2024/25, individuals who …

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