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Hewitt Associates

Stock market crash wipes £20,000 off value of 7 million private pensions

An average of £20,000 this year has been wiped off the value of every private pension linked to the stock market, it emerged today. The 100,000 employees who are about to retire will be worst hit by the stock market collapse.

Fervour for commodities wanes as gains vanish

8 hrs ago

According to its enthusiastic proponents, diversification provides the only free lunch in investing, promising to lower the volatility of a portfolio without necessarily lowering returns. Eric Kolts, who runs the commodity...

Beware of out-of-pocket insurance costs in open-enrollment season

You'll likely pay more for your workplace health benefits, but you may have to read the fine print to figure out where the bite will come. As companies head into open-enrollment season, many firms say they are reluctant to...

Trading Suits For Sweats as Fuel Costs Spur Telecommuting

A couple of years ago, when Lynne Varney asked her boss if she could work at home occasionally, she got a quick no. But with gas prices at $4 a gallon and an 80-mile-a-day commute between the Maryland and Virginia suburbs,...

Financial crisis Plunging share prices take £150bn off pensions value

More than seven million people have seen the value of their company and private pension schemes slashed by a fifth as a result of plummeting share prices. By John Greenwood, Paul Farrow and Melissa Kite At least £150 billion...

China's Medical Boom

Tourist Jack Golden remembers a recent trip to China for all the wrong reasons. Acquiescence to substandard health care is changing in China, especially where rapid economic progress has improved the financial well-being of the...

Don't drop the holiday bonus just yet

KIRA VERMOND Globe and Mail Update ‘Bah, humbug!” We're in the thick of it right now, but I do know we're getting all kinds of calls from companies about this,” says Fiorella Callocchia, president of HR Impact Corp. in Toronto....

You may pay more for health care than you think

Next year, you'll likely pay more for your workplace health benefits – but it may not be obvious from where the bite will come.As companies head into open-enrollment season, many say they are reluctant to boost health care...

Do your homework when exploring options for your 401(k)

By PAUL DAVIDSON and CHRISTINE DUGAS • Gannett News Service • October 10, 2008 Jitters about retirement savings have mushroomed as the Wall Street crisis has grown ever more ominous. During the first week of the meltdown last...

Employers Raise Out-Of-Pocket Costs For Employee Health Plans

With the open enrollment period for health insurance beginning and employee wages remaining static, many employers are hesitant to significantly increase health care premiums and instead are opting to increase the amount...

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