PA Media: MoneyKellogg’s ditches degree requirement for most jobs
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AFPFrench parliament chief to block bid to axe pension overhaul
France's opposition parties on Wednesday vowed to submit a no-confidence motion against the government after the parliament speaker said she would block an attempt to repeal an unpopular pension overhaul that raised the retirement age.The law hiking the retirement age to 64 from 62 was enacted following months of mass protests via a controversial constitutional mechanism that allowed the government to avoid a vote in the lower-house National Assembly.Speaker Yael Braun-Pivet, who is from President Emmanuel Macron's centrist party but is officially neutral, confirmed she would reject on constitutional grounds the bid to introduce new legislation, infuriating its backers.Speaking to BFM television, she said an amendment proposed by the small LIOT faction in parliament and backed by left-wing parties would be declared "inadmissible".She was alluding to Article 40 of the constitution, which bans legislative proposals from MPs that would add a burden to public finances.Reversing the increase in the retirement age, the key measure of Macron's hard-fought pension reform, would add billions to government spending, she said."You don't bend the constitution to please the opposition," government spokesman Olivier Veran said.LIOT called the speaker's decision "an unprecedented attack on the rights of parliament".Mathilde Panot, a senior figure from the hard-left France Unbowed (LFI) party, said that her group would submit a no-confidence motion and that discussions with partners were ongoing over the tactics to adopt.Senior Socialist party lawmaker Boris Vallaud said different groups were debating the issue, while LIOT leader Bertrand Pancher said his MPs would decide on their response later Wednesday.Far-right leader Marine Le Pen tweeted that Braun-Pivet was "trampling on the constitution" in a "denial of democracy", but her National Rally (RN) party had not come out in favour of a no-confidence motion.- 'Admission of fear' -Opponents of the pension reform had seen LIOT's parliamentary manoeuvre as their last hope of thwarting the changes, having previously tried and failed with an appeal to France's constitutional court.Observers said Prime Minister Elisabeth Borne's minority government risked losing a vote on the LIOT legislation, however, with left-wing parties, the far right and some centre-right MPs prepared to vote against the executive.Panot said Braun-Pivet's decision was an admission of "fear" and accused her of failing to uphold the neutrality of her post.The original legislation was rammed through the National Assembly in March without a direct vote using a constitutional power that can be invoked by the prime minister.The move led to accusations that Macron was riding roughshod over French democracy and public opinion, with around two-thirds of voters opposed to the changes, according to polls.A survey by the Elabe group for BFM television published on Wednesday suggested that 71 percent of French people wanted the LIOT amendment to be discussed and voted on, with 64 percent hoping for its adoption.The rest of the text -- shorn of its key article -- can still be debated in parliament on Thursday.A nationwide protest against the reform on Tuesday was the 14th but smallest to date, as the movement appears to run out of steam.parl-sde/imm/sjw/js
Evening StandardHow to prevent a generation of savers struggling in their retirement
Pension funds must invest more in private equity to access faster rates of growth
The TelegraphCNN’s embattled chief ousted after staff revolt over Donald Trump interview
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The TelegraphNet zero uncertainty is deterring investment in Britain, says pensions industry
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Fool.co.ukTurning a £20k ISA into second income of £17.5k a year
It's possible to generate a hefty second income from a relatively small investment in FTSE 100 shares, provided we give it long enough. The post Turning a £20k ISA into second income of £17.5k a year appeared first on The Motley Fool UK.
PA Media: VideoMoyes hails West Ham final as 'biggest moment' of his career
Press conference with West Ham manager David Moyes ahead of his side's Europa Conference League final against Fiorentina.
AFPFrench pensions protests falter despite anger
French protests against President Emmanuel Macron's pensions overhaul began to run out of steam on Tuesday with lower numbers taking to the streets and leaders questioning the future of the movement.Hundreds of thousands of people protested across France for the 14th day of demonstrations since January to oppose the reform, with some cities seeing angry clashes, but numbers were well down on the peak of the movement.Macron signed the legislation into law in April, raising the pension age to 64 from 62 after the government used a controversial but legal mechanism to avoid a vote in parliament on the bill.The later retirement age, which seeks to bolster France's troubled long-term finances, was a banner pledge of Macron's second and final term in office.The new head of the hard-left CGT union, Sophie Binet, said as the protest in Paris got underway: "After six months the unions are still united and the level of anger, frustration and motivation is high.""I hear people say sometimes that everything is over, but it's not true."Laurent Berger, the head of the more moderate CFDT union, however, acknowledged that the "match is coming to an end" and Tuesday's protest would be "clearly the last on pensions in this format"."I'd love to tell you that we're capable of mobilising another two million people next week. That's not true, because you can't lie to workers. "Unfortunately this reform has been enacted," he said.Throughout France, figures given by unions and police in cities for turnout plunged to their lowest levels yet. In Paris, 300,000 people took to the streets, according to the CGT, while it said 900,000 protested nationwide, its lowest such estimate since the protests began.Official figures, always much lower than those of the unions, were expected later. The nationwide peak was on March 7, when 1.28 million were counted by police.- 'No Games' -The figurehead of the hard-left France Unbowed (LFI) party Jean-Luc Melenchon insisted the "struggle will continue" while admitting it was not clear "under what form". Seeking to show the potential power of union action, around 60 members of the CGT briefly occupied the offices of the organising committee for the 2024 Paris Olympic Games in northern Paris, chanting there would be "no Games" if the law was not pulled.Michel Moulbach, a building worker in the northeastern city of Lille, said the movement had allowed people to express anger "but you need to be realistic".With summer holidays on the horizon "it will be hard not to take a pause."Clashes were reported in the southeastern city of Lyon, a flashpoint in previous demonstrations, where projectiles were thrown at security forces, local authorities said.Police meanwhile used tear gas in clashes with protesters in the western city of Nantes, another flashpoint, while clashes were also reported in Toulouse in the south and Rennes in the west.In contrast to March and April when rubbish piled up in the streets of Paris and most long-distance trains were cancelled, only limited disruption is expected on transport or public services. Around a third of flights were cancelled at Paris Orly airport.- 'Increase in violence' -Parts of the pensions overhaul, including the key increase in the retirement age, were printed Sunday in France's official journal, meaning they are now law.Opponents are pinning their hopes on a motion put forward by the small Liot faction in parliament -- broadly backed by the left -- to repeal the law and reverse the increased retirement age.Parliament speaker Yael Braun-Pivet, a member of Macron's party but officially neutral, was to rule on Thursday whether a vote could go ahead. Most observers expect her to declare the bid to be unconstitutional.Having faced down the biggest protests in a generation to push through the changes, Macron appears intent on moving on, having concluded that voters now view the changes as inevitable and support for the demonstrations is waning. The president Tuesday refused to comment on the issue as he attended commemorations for the 79th anniversary of D-Day, saying that "this is a moment... to celebrate the unity of the nation".The president's personal ratings are also moving higher again, having plunged to near-record depths in March and April."I will not go so far as to say that the page is turned, there is no clean slate," one minister told AFP, asking not to be named. "It's not forgotten but we're going to start looking forwards again."burs-sjw-adp/gw
AFPFrench left in last-ditch bid to derail pensions overhaul
French trade unions organised another day of strikes and demonstrations on Tuesday to try to derail President Emmanuel Macron's pensions overhaul, insisting that the fight to thwart the changes is not over even after it became law."It's going to be another big day in the history of the trade union movement," the new head of the hard-left CGT union, Sophie Binet, told BFM television on Tuesday.
PA Media: MoneyPension trustees ‘should guard against savers making knee-jerk decisions’
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The TelegraphMinister launches ‘social justice mission’ against Britain’s most generous pensions
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Sky NewsCBI faces ridicule over senior executive's 'transparency' claim
The CBI faced ridicule hours before a vote on its future on Tuesday after a senior executive hailed its "transparent" handling of the misconduct crisis which has left it facing collapse - despite blocking the media and resigned members from watching a pivotal general meeting. Sky News has seen an email sent by Henry Aldridge, the CBI's deputy director of trade associations, on Monday which urged members to speak publicly in support of the business lobbying group. Mr Aldridge obliquely addressed an attempt by the British Chambers of Commerce to capitalise on its rival's travails, saying that "any public message of support would be appreciated".
The TelegraphWomen have smaller pensions than men – but female civil servants enjoy one big advantage
Women have smaller pensions than men, but female civil servants still receive twice as much as their counterparts in the private sector.
The TelegraphHere’s how much you need squirrelled away today to fund a comfortable retirement at 68
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AFP'Trump too small' -- US Supreme Court to decide
The US Supreme Court on Monday agreed to hear a trademark dispute over the phrase "Trump too small" used to mock the former president.Somewhat ironically, it is the administration of Democratic President Joe Biden, on behalf of the US Patent and Trademark Office, that appealed to the Supreme Court.
Sky NewsCBI pension trustees weigh options with lobby group's fate in balance
Trustees of the CBI's pension scheme are exploring ways to protect their members' interests as the fate of Britain's biggest business lobby group hangs in the balance. Sky News has learnt that the trustees have held preliminary talks with a number of third parties in recent weeks about a range of potential options ahead of a crunch vote on Tuesday. City sources said a deal with a specialist insurer or a superfund such as Clara Pensions was a potential outcome under consideration.
PA Media: Money‘No easy solution’ to pensions gender gap, minister tells industry gathering
Pensions Minister Laura Trott said the issue is a ‘multi-faceted problem’ adding ‘when you measure something I do think you tend to focus on it more’.
Fool.co.ukThis is how investing in FTSE 100 stocks could help me retire comfortably!
Investing in FTSE 100 stocks can be a great strategy to build long-term wealth. Here are the sort of returns I'm hoping to make by the time I retire. The post This is how investing in FTSE 100 stocks could help me retire comfortably! appeared first on The Motley Fool UK.
The GuardianWomen’s private pensions worth 35% less than men’s in Great Britain
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Evening StandardHypocritical corporations should not force young workers back to the office
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PA Media: MoneyAviva paves way for pension providers to join Dormant Assets Scheme
The scheme was first established for banks and building societies in 2011.
AFPAttacking icon Ibrahimovic says goodbye to football
Zlatan Ibrahimovic brought the curtain down on a long, trophy-packed career on Sunday when he unexpectedly announced his retirement from football.Over the course of his career Ibrahimovic won league titles in the Netherlands, Italy, Spain and France, although his only major European trophy was the 2017 Europa League with Manchester United.
AFPMercedes boss warns team to stay realistic after double podium
Mercedes team chief Toto Wolff on Sunday thanked his engineers for a successful upgrades package -- but warned the team to stay realistic after a double podium finish at the Spanish Grand Prix.Russell admitted he was surprised to finish on the podium after starting 12th.
The TelegraphNegotiate the salary you really want in 2023
No one’s salary is as generous as it was last year, thanks to increasing amounts of it being eaten up by rising costs.
Fool.co.ukHow I’d aim to build a £1.4m pension pot starting at the age of 30
It's never too late to start contributing to a pension. Certainly not at the age of 30. Dr James Fox details how to create a £1.4m nest egg. The post How I’d aim to build a £1.4m pension pot starting at the age of 30 appeared first on The Motley Fool UK.
