UK roundup: DWP, PPF, UK Coal

first_imgOnly 0.9m are less than 50% on track.Some 8.8m at risk of under-saving earn between £22,700 and £52,000 (€28,480-65,240) on annual basis, and are classed in the middle to high earnings bands.The government also said higher-income groups could benefit from increasing contribution rates to workplace pensions, but said more work was needed to find the perfect balance between contribution rates being high enough to provide adequacy, but not too high to discourage pension saving entirely.It said reforms to the state pension and auto-enrolment had reduced the number of people under saving by around 1m.Pensions minister Steve Webb said the state safety net would now allow many to maintain a comfortable retirement.“This new research shows that, by saving just a little more, a huge number of working people could make their future retirement so much more comfortable,” he added.In other news, the Pension Protection Fund (PPF) has taken over the 75.1% ownership of Harworth Estates Property Group previously held by the trustees of the industry-wide mining pension scheme, after its transfer into the lifeboat fund.The fund also confirmed it had taken control of other assets from the pension fund, which entered the PPF in July last year.The privatised entity of British Coal, UK Coal, saw its two pension schemes enter the PPF after the company restructured to avoid liquidation.The schemes were given a controlling stake in the property company formed as UK Coal was split into two separate mining and property companies, by then parent Coalfield Resources.As part of the deal, the PPF took an interest in the restructured UK Coal with debt instruments.CFO of the PPF, Andrew McKinnon, said: “We consider Harworth Estates to be a valuable asset, and we welcome the ongoing discussions with Coalfield Resources to maximise the value in this business for shareholders.”Coalfield Resources retains ownership of the remainder of Harwarth. A report from the Department for Work & Pensions (DWP) showed that almost 12m people were still at risk of not saving enough for retirement, despite government interventions to increase pensions savings.The government said its reforms, namely auto-enrolment, had made significant differences in retirement savings for lower earnings.However, middle to higher earners are at risk for an inadequate retirement, it said.While 12m people are saving too little, some 6m are 80% of the way to an adequate income.last_img read more

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Džeko: We’ll fight till the last minute

first_imgIn an interview to Dnevni Avaz, on the day of the match, first star of BiH football Edin Džeko said that there is a great optimism, which is beyond expectations.Džeko added: ‘We are the best for creating euphoria. However, I don’t think it is necessary before this game, because we don’t need pressure. We’ll go on the field and play the best we can. We’ll see how the game develops, shall we attack immediately or we wait patiently for our chance. With Greeks one must always be careful. Greeks are best at counter-attacks and we should be extra careful because of that, but I think that with smart play we can match their tactics.’He noted that the key to victory is to patient and that chances will arrive, and added that Greeks are very experienced team.Džeko also said: ‘I hope that our fans will support us till the last minute and we’ll offer them good play and good fight.’last_img read more

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Honor 8 Lite pre-orders start in India, confirms Huawei

first_imgHuawei Honor 8 Lite is up for pre-orders in India, confirms P. Sanjeev, Vice President – Sales, Huawei & Honor Consumer product via his official Twitter handle. The tweet reads: “#Honor8lite coming soon!”. However, Sanjeev didn’t reveal availability date as of yet.The tweet also includes a teaser which states – “Honor 8 Lite, Coming soon, Pre-book Now”. The teaser doesn’t reveal the availability date of the phone as of now.  However, in a report, IANS confirms the availability date of the Honor 8 Lite to be May 10. Huawei is yet to confirm on the same. The smartphone is listed in four colour variants including — black, blue, white and gold on OnlyMobiles website at a price tag of Rs 17,999.Also Read: Exclusive: Nokia 6, Nokia 5, Nokia 3, Nokia 3310 India launch confirmed for JuneIn terms of specifications, Honor 8 Lite sports a 5.2 inch full HD display, and is powered by a 2.1 GHz + 1.7 GHz octa-core Huawei’s HiSilicon Kirin 655 processor. The device further comes with 4GB RAM paired with 64GB of internal storage. The storage space can be further expanded up to 128GB via microSC card.On the optics front, Honor 8 Lite features a 12-megapixel primary camera which comes along with LED flash. Below the rear camera, the smartphone fits a fingerprint scanner. On the front, the device sports an 8-megapixel selfie shooter which also comes with 77-degree wide angle lens and f/2.0 aperture.#Honor8lite coming soon! P Sanjeev (@psanjeevbrave) April 30, 2017Honor 8 Lite runs on Android 7.0 Nougat operating system which comes with a top layer of EMUI 5.0 Lite. Furthermore, the device is backed by a 3000mAh non-removable battery which has the ability to deliver up to 21 hours of talk time and 627 hours of standby time on the 3G network. On the connectivity front, the device includes several options like — dual SIM support, 4G VoLTE, Wi-Fi hotspot, Bluetooth 4.1, and a microUSB port.advertisementlast_img read more

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