plan, the employer makes that contribution to the pension plan and then the trust yeels of the pension plan determine what the benefit is. so you have two different entities technically, different entities making how much you contribute decision and what the benefits are decision. in the single world it's the employer decides to provide this benefit and they are on the hook for the entire benefit. >> so is it a lack of accountability on the multi-employer side? >> accountability's a pretty strong word. i don't think -- i wouldn't use that word but it is -- i think there's a disconnect between the people who -- the process for deciding on how much to contribute to the plan and the process for -- >> sounds to me like a structural -- but the decisions made in regard to the benefit do not align with the decisions that are being made to pay for the -- >> i think the bargainers are very much aware of the benefit levels and the deficit levels of the plan so they bargain accordingly. i wouldn't accuse anybody of shirking their duties. >> i don't intend -- it's not what i'm implying. i want to

a former lib dem pensions minister.ith us. let's ask you about the idealism versus the practicality. everybody sees the logic of everybody saving for old—age, having their employer contribute to that. it is 18 starting to soon? actually when you talk to employees they like things to be nice and simple. some of them say why do we have to wait until 22, we are checking ages and implying tony mcintyre, very complicated. starting at 18 would mean that it is simple, and gives the message saying start as soon as you can. start as $0011 start as soon as you can. start as soon as you can, but if you are 1920, we don't mean you. a lot of employers, people that stay with them for any length of time, will have different stages, people get into whatever pension arrangements they have. what about the argument business puts forward, this is extra cost and effort, to do all of that for everybody. a lot of those employers, like the man in the film, he will not be in the same job employers, like the man in the film, he will not be in th

automatic pensions. this is the observer, automatic pensions for young people at work.young person in employment earning £10,000 and over must go into the pension scheme, must go into the pension scheme, must go into the pension scheme, must go into the general dispensation. this is a small detail which is almost cosmic. certainly it has huge implications. it comes to this point, too many pensioners, too many non—productive people, and how on earth are we going to keep public and private pension system is going as the pop relation gets older? —— population. this is a step towards it. one of the things that we do know is that young people do pull it off the evil hour, such as it is, but it is in there a summation, of buying into a pension scheme. the fa ct buying into a pension scheme. the fact is that with the present welfare dispensation, i'm talking about 15, 20, 25 years from now, it is unsustainable. so they are trying to get young people to buy in and say very early on. any resonance here with what goes on with president macron in france, and the source of reforms

and trying to get more people saving for their pensions.e people into the habit of saving. it will mean that younger people will be saving for those extra years, so that obviously is significant when it comes to their retirement. and so extending the benefit of auto—enrolment, which i think everybody agrees has been a huge success, is a really important next step. a short time ago i spoke to tom mcphail, head of policy at the investment company hargreaves lansdown. i began by asking whether today's announcement would be widely welcomed. yes, i think it will get widespread support. it's a logical continuation of what has been an extremely successful policy programme over the last few years of bringing people into pensions. and where people have alreadyjoined the workforce after the age of 18, getting them started on saving young, in the end, will cost them less money because of the extra money going in earlier, and the effective compound investment growth over the years. so yes, it's a good idea. other changes that have been announced today

and get more people saving for their pensions.it of saving, young people saving for those extra years so that is significant when it comes to their retirement. extending the benefits of auto enrolment which i think everybody agrees has been a huge success everybody agrees has been a huge success has been a very important next. step. i'm joined from bristol by tom mcphail, head of policy at the investment company, hargreaves lansdown. good for young people? yes, a logical continuation of what has been a successful policy programme of bringing people into pensions. where people have alreadyjoined the workforce after the age of 18, getting them started on saving young. in the end it will cost them less money because of the extra money going in at the, effective compound, investment growth over the yea rs. compound, investment growth over the years. a good idea. other changes announced around thresholds and the amount that will be paid in will also in the end mean that they get larger pension pot and spend less money on retirement sav

i will talk to the work and pensions secretary, david gauke, about the pensions announcement and welfarebeing discussed as the next james bond. and of course there will bea james bond. and of course there will be a christmas carol. good start. if you are doing a review of the year, it will be a long shot. i challenge him to do that without saying the word brexit. it will not happen to be stay with us. —— good morning, here's a summary of today's main stories from bbc news. every worker aged 18 or over will begin saving into a workplace pension — unless they opt out. that's under government plans being unveiled today. at the moment, employers must enrol staff aged 22 and over into a pension plan if they earn more than 10,000 pounds a year. ministers say they want to reduce the minimum age to 18 by the mid 2020s — a move that could affect around 900,000 young people. mps have expressed serious doubts that the ministry of defence will be able to afford all the new military equipment it plans to buy. a report by the commons defence select committee says the mod will struggle to find the mone

and trying to get more people saving for their pensions. more people into the habit of saving. it will mean that younger people will be saving for those extra years, so that obviously is significant when it comes to their retirement. and so extending the benefit of auto—enrolment, which i think everybody agrees has been a huge success, is a really important next step. let's get some analysis now on this story. joining me now is holly mackay, founder of the consumer financial website, boring money. thank you forjoining us. is this a good idea, a good proposalfrom the government? i think it is a really positive thing. it will get more young people into the savings environment and i think realistically know one wakes up the day after their 18th birthday party and thinks i must get myself enrolled into a pension. ithink removing the need for people to actively think about it and have to work out how to do it by themselves isa work out how to do it by themselves is a good thing. i think it's a really positive move. although some 18—year—olds wil

that's why democrats are fighting for pension -- for a pension solution in the year-end spending bill. so, mr. president, these are all urgent priorities. there are more of them. they can't wait another day. just as we must make sure our men and women in uniform have the resources and support they need to do their job, so let's do both in a bipartisan way. as democrats continue to push for desperately needed funding to combat the opioid crisis, improve veterans health care and shore up pension plans, we'll also be pushing to reauthorize chip, the children's health insurance program, and community health centers, as well as dealing with certain health care programs that have expired. we have to do more for the americans in texas, florida, louisiana, puerto rico, and the u.s. virgin islands who are still recovering from devastating natural disasters. we're in the process of negotiating with republicans to provide a significant investment in border security in exchange for daca. these talks continue to progress, and i'm hopeful we can preach agreement on that issue as well. so, mr. presi

wall street squandered their pension money over the last decade. now this body, this senate, house of representatives have a responsibility to keep the promise to protect the pensions that those workers earned and to do it this year before it is too late. last week the senate had the time to pass a massive tax giveaway. it will give you more centers or companies to shut down and move overseas, get a tax break, sell products, manufacture, sell products back to the united states. they did nothing for hard-working americans that worked their whole lives to earn retirement. time is running short. saving these pensions must have been before the end of this year. this has been a partisan issue and it affects communities. my colleagues on both sides of the aisle have voiced support and a desire to work together to fix the pension issue. and to keep his promise. now we need to get it done. last month i stood in this building down the hall with rita lewis, the widow of butch lewis that works 40 years as a teamster. if he was here today which would tell you

saving these pensions must happen before the end of this year. this isn't a partisan issue. it affects communities we all represent. my colleagues on both sides of the aisle have voiced support and the desire to work together to pick this pension issue and to keep this promise. now we need the get it done. last month i sood in this building -- stood in this building down the hall with rita lewis, the widow of butch lewis, who worked 40 years as an ohio teamster. and if he were here today, butch would tell you he didn't work those 40 years in order to get a 40% cut in his pension. butch couldn't be there, he couldn't be here today because he passed away far too soon after this fighting for the retirement that he is and these workers earned. keeping our promise to tens of thousands of ohio workers and wisconsin workers and workers all over in this country, hundreds of thousands across the country, ought to be our number one priority before the end of the year. this is about whose side are you on. are you going to side with wall street and corporate see sew owe -- ceos, or are

what has happened is the pension protection fund — the body which whales out pension schemes of troubledne — is voting against a rescue plan that toys r us was tried to put to its creditors. basically toys r us is going to slim down — this is one of the stores it will close down anyway — get financial support from creditors and soldier on but the pension protection fund has said, u nless pension protection fund has said, unless it stumps up three years worth of pension contribution in advance, it will not get its support and toys r us has said it does not have that money, at its us parent does not have that money because it is in financial trouble, and that is putting 100 outlets in trouble. it is not over yet, if the company can persuade the pension protection fund, the wrist deal hype but tonight, which should be the busiest and best time of year for toys r tonight, which should be the busiest and best time of yearfor toys r us staff is turning into one of deep uncertainty. a passenger train which crashed in the state of washington was travelling at more than twice the speed limit — ac

a pension at their employer's.e into the habit of saving, it will mean that younger people will be saving for those extra yea rs, people will be saving for those extra years, so that will see a significant —— is significant when it comes to their retirement. the government says that since it introduced auto enrolment, 9 million additional people have started saving for their retirement, but is wise to force even younger people into pension schemes? well, young people leaving school today are facing a perfect storm of high housing costs, a squeeze on their living costs, and also having to contend with quite a limited wage, and it makes it much more likely that they will want to opt out in the future if they do not know what they pension is and what it is doing for them. at the moment, only those aged over 22 automatically included ina aged over 22 automatically included in a pension scheme by their employers, but the government wants that age lowered to 18. singh, 8% of our salaries will be going into a pension pot,

pensions for teens.heme by the time they're 18. ministers hope to extend the the automatic enrolment scheme to include all british workers aged 18 by the mid 20205. the change will affect almost a million young people. urgent action is being called for to tackle the state of britain's mobile phone coverage. although there are four big network operators, almost a third of the uk can't get signal from them all. 4g mobile phone coverage is even worse — with the uk falling behind albania, panama, peru and romania in the coverage stakes. lets start with pensions. how many of you did the school drop—off this morning? you've probably never thought of your kids being in their sixties or seventies, but pensions could be creeping into the conversation far sooner than you might think. children of today could be starting a pension as soon as they're 18. that's the plan. it's all part of this push by the government to prepare the public for old age. the change to auto—enrolment is going to affect almost a million peo

the state pension, you do not know what it will be.t a party! percentage of the salary, the 196, if party! percentage of the salary, the 1%, if your employer will matched that, the best thing to be doing.“ that, the best thing to be doing.“ that what you talk about at parties? sometimes i am alone in the corner, weird. is there a problem getting younger people to save? they have very little money left in their pay packet to say. i have two adult daughters a little bit younger than katy and they are in the jobs market and they can barely make ends meet with paying student loans, masters loans, bits and bobs. this is a brilliant thing to do. even from our age group, when i was there age, i was earning enough and i imagined that was absolutely... the state pension would be more than enough to maintain the lifestyle i had. you forget as you get older, you have children, homes, other things, forget as you get older, you have children, homes, otherthings, which asa children, homes, otherthings, which as a pensioner, you still need to maintai

the steelworker who's lost hundreds of thousands from his pension pot.es incorrect financial advice. while root is at the crease england still have a chance against australia — it could be a fightback for the history books. coming up on sportsday later in the hour on bbc news. will the ioc decide on the ultimate sanction and ban russia from the winter olympics next year? hello and welcome to the bbc news at six. a bbc investigation has found that online streaming apps used by children to make live broadcasts are being infiltrated by men trying to groom them. it comes as the national crime agency says it arrested more than 190 men across the uk in a single week in connection with sexual offences against children. in this special report angus crawford discovered how quickly suspects try to target children using the streaming apps — the latest front in the battle against online sexual abuse. meet this 20—year—old online safety campaigner, who we've transformed into 14—year—old samira. she is going to try some of the most popular live streaming apps to see w

the company said the old gold plated british steel pension scheme was unsustainable, leaving workers here and at other sites a range of options, including transferring out altogether. with around 130,000 workers affected, huge pension pots and lucrative commissions for financial advisors have been at stake. it's cost me in the region of £200,000, so it's a lot of money. richard bevan is one of those workers. after 39 years at the trostre steelworks, near llanelli, he wanted a secure future. he went to this local firm, celtic wealth management, who he thought were regulated financial advisors, but they're not. they introduced clients to a firm of regulated advisors based in the midlands, called active wealth uk. between them, they failed to give richard a suitability report on which he could properly base his decision and advised him to transfer his pension out

the pension system for public workers is a nightmare. is woefully under funded and no credible plan top get us out of the mess. more than $100 billion in future unfunded liabilities,s that he plate being handed to the next governor. that and new jersey transit. they can't seem to get out of their own way. a new report from thele from government showest there way behind simple safety measures like positive control, getting fewer than 30 trains done out of more than 400 locomotives that need the work. i am bill spadea, this is "chasing news"." the pension system is in crisis to the tune of $100 billion. it is underfunded we got future unfunded liabilities. governor chris christie talked about it today. he had couple of solution, the question is: goff for, you have been in office for eight years. where were these solutions sneap ashley johnson has all the details. ashley, what do you got for us? >> new jersey governor chris christie at news conference wednesday issued a warning to the sk sores democrat phil murphy about the dire state of th

that could mean 900,000 additional people will be saving for their pensions.thing? it's important that people are educated about their options because if they don't understand what a pension is, they are far less likely to know what their rights are. to an 18—year—old, retirement must seem a very long way off. especially if they don't earn much and saving for a house is a lot more pressing. if this plan proceeds, it could help younger people financially in decades to come. joe lynam, bbc news. theresa may says the last ten days have "marked a watershed" in the uk's departure from the european union. writing in the sunday telegraph and the sunday express, the prime minister says she will "not be derailed" from securing an "ambitious" brexit deal. meanwhile, the foreign secretary borisjohnson has told the sunday times that it's vital the uk doesn't mirror eu laws in the long—term — or the country risks being a "vassal state. " joining me now is our political correspondentjonathan blake... we have been hearing from the prime minister today. two editorials in the

soon be automatically enrolled for a pension at their employers.re educated about their options. if they don't know what a pension is, they will not know what their rights are. to an 18—year—old ac milan way off my retirement. especially if they do not earn much on saving for a house isa not earn much on saving for a house is a lot more pressing. if these plan proceeds, it could save millions from poverty in old age. mps have expressed "serious doubts" that the ministry of defence will be able to afford all the new military equipment it plans to buy. a report by the commons defence select committee says the mod will struggle to make the necessary savings it needs to pay for newjets, warships and armoured vehicles, as ian palmer reports. she is the flagship of the royal navy. hms queen elizabeth, commissioned by her majesty the queen, early this month. at 280 metres long, she has space for a0 jet planes. defence on the 2ist—century does not come cheap. the biggest warship the british navy has ever had cost more than £3 billion. another aircraft carr

by next year pension any quality will be removed. we will hit 65 for both sexes next year, and an equal pension system. >> the air force is unique among three services, an act of parliament, 100 years ago today. join me and members of both houses in the palace, given to the nation over 100 years in a unique parade this evening. >> i mentioned this today. we cannot pay high enough tribute, and century of service, and advert from the -- >> on the international court of justice, eu agencies -- more european capitals of culture, an empire of 2.0, and is done. >> the honorable gentlemen, not surprising eu institutions are not going to be in a state as a member of the eu, the honorable gentlemen, and extremely disappointing they left british cities asking some in scotland, asking to apply to be part of the process. the commission decided they couldn't. and all of those, the cultural development, cultural developing has been shown for the regeneration of cities and towns. >> mister speaker, winners of the annual short competition. and the b

involved in the workplace pension. people to have greater financial security later in life. the review published today sets out the next steps we intend to take as we continue to develop a culture of routine pension savings. we will help people to save by lowering the enrolment from 22 to 18. we will allow people to start saving from the first pound of their savings to allow a better future. the first pound of their savings to allow a betterfuture. i have tabled allow a betterfuture. i have tabled a written statement setting out further detail, including trialling a few targeted approaches to find the most effective way to increase pension saving among big self—employed. pension saving among big self-employed. it has been a success, but the politicians, the pensions industry, we must all work together to meet the savings and pension challenges in this country. i could not agree more. i am delighted with the fact we now have 9 million people signed up to auto—enrolment, utterly transforming savings. in his constituency,

and in new jersey, they've got a big, unfunded pension problem.the justification is "oh, well, this is a small number of elected officials. it will only add a little, tiny bit to the already huge deficit that will have to be paid for by the taxpayers." that's not a persuasive argument. >> yeah. it's the most widespread problem in the country. more states have the same kind of problem around pensions. jan's right. it's the defined-contribution model that we've got to move toward. and by not doing it, it gets harder and harder to implement fixes like this one, where you had a dedicated public servant who really did a good job. >> mm-hmm. >> and you say, "well, i really can't help you, because we've got this big problem that we just haven't dealt with." >> is there any chance that you think phil murphy, who's incoming -- they have a number of new incoming people in atlantic city, in camden. do you think he's going to have an easier time than christie did getting his arms around this pension issue, or it's the bear that gets everybody? >> it's the bea

pension reform plan after protests turned violent. tear gas and rubber bullets were fired at demonstrators in one desirous that angry about potential changes to their pensions union leaders say the measures will cut retirement payments as well as aid for poor families the country's top union has called for a general strike. of course of all of those stories on the web site of al jazeera dot com back with more news in thirty minutes next on al-jazeera it's the strain do stay with us. facing the realities if a piece of machinery goes wrong is there a chain of litigation through which we can bring a legal system to bear getting to the heart of the matter i don't think we need of the wall that some of my producers just to hear their story on talk to how does iraq at this time. high end for the ok going astray.

be automatically enrolled for a pension at their employers.re people into the habit of saving. it will mean younger people will be saving for those extra years, so that is significant when it comes to their retirement. at the moment, only those aged over 22 are automatically included in a pension scheme by their employers, but the government wants that age lowered to 18. soon, 8% of our salaries will be going into a pension pot, something that employers are worried about. i think what the government needs to bear in mind however is how much of the cost of that is going to be falling on employers in the future, because already the cost for employers is on course to treble by 2019. today's announcement means the cost to employers will be even higher than that. to 18, or even 21—year—olds, retirement must seem a very long way off, especially if they don't earn much, but if this plan proceeds, it could help younger people depending on the state in decades to come. joe lynam, bbc news. the prime minister says developments over last ten days have ma

pensions scheme ends.ed to stop several firms of financial advisers offering advice to steelworkers. the work and pensions committee questioned the regulator about fiuig'ifiisgé féfiulflm iwi “iii: they if theywould sorts of questions they wouldjike see us sorts of questions they wouldjike see us those were sorts of questions they wouldjike see us - those were exactly to see us asking, those were exactly the questions we ask. we go in and when we see high numbers of transfers going through, we ask them expressly why it is in the context of transfers were for most people most of the time staying in a tv scheme is a better outcome, they have satisfied themselves it is suitable in so many cases to transfer and that's exactly where we go with our line of questioning and with our file questioning. as a result of this for firms have stopped offering pensions advice as a direct result of our intervention, either by direct limitations on their permissions, or by voluntary and separate arrangement provided to us. and s

they are saying that even with the pensions, we are talking about increasing contributions. —— pensions about increasing contributions. -- gig economy. nevertheless, there will be many people outside the remit will not be in a position to save enough for old age. i am afraid this is a truth and i don't know how to get around it. certainly, government reforms have made the situation better for those who are employed. but for those not employed, problems will continue. even here? this surprises me, for those earning more than 55,000, they would have to save 50%! those are figures plucked out of the air. the moral of the tale is we live in an ageing society with more and more demands made of the new generations, future generations, of taxpayers. people will be expected to save for old age for themselves. and it will be difficult. especially, as the financial times talks about, the changing role of employment, especially the gig economy. those poor people delivering food on b i cycles, poor people delivering food on bicycles, they get almost nothing. how do they save? how are they supposed

that could mean 900,000 additional people will be saving for their pensions.thing? it's important that people are educated about their options because if they don't understand what a pension is, they are far less likely to know what their rights are. to an 18—year—old, retirement must seem a very long way off. especially if they don't earn much and saving for a house is a lot more pressing. if this plan proceeds, it could help younger people financially in decades to come. joe lynam, bbc news. mps have expressed "serious doubts" that the ministry of defence will be able to afford all the new military equipment it plans to buy. a report by the commons defence select committee says the mod will struggle to make the necessary savings it needs to pay for newjets, warships and armoured vehicles, as ian palmer reports. she is the flagship of the royal navy. hms queen elizabeth, commissioned by her majesty the queen earlier this month. at 218m long, she has space for a0 jet planes but defence in this century doesn't come cheap. the biggest warship the british navy ha

of a personal pension.t performance. it's and poor investment performance. it‘s guarantee versus risk. most of these workers probably shouldn‘t be taking that risk. you're going to give much more detail on this in money box later. yes, we have an interview from the head of supervision at the financial conduct authority. she‘s been to port talbot. and on the programme she will name the six firms who have voluntarily given up giving this tra nsfer voluntarily given up giving this transfer advice in the area and we‘ll be listing those on the website today. people should get advice from the good people visiting, high cornwalled ifas in the —— high qualified ifas in the area. ( (you're watching breakfast from bbc news. now for a look at the newspapers. writer and broadcaster paul vallely is here to tell us what‘s caught his eye. good morning. we‘ll speak to him in a minute, first let‘s look at the front pages. it's it‘s a mixed bag. daily mail dwelling with issues that the royal wedding clashes with cup final da

the company said the old gold—plated british steel pension scheme was unsustainable, leaving workersd 130,000 workers affected, huge pension pots and lucrative commissions for financial advisors have been at stake. it's cost me in the region of £200,000, so it's a lot of money. richard bevan is one of those workers. after 39 years at the trostre steelworks, near llanelli, he wanted a secure future. he went to this local firm, celtic wealth management, who he thought were regulated financial advisors, but they're not. they introduced clients to a firm of regulated advisors based in the midlands, called active wealth uk. between them, they failed to give richard a suitability report on which he could properly base his decision and advised him to transfer his pension out of the company scheme even though a recalculation was due, which would have substantially increased his pension pot. we're aware that other steelworkers are also unhappy about their treatment by the two companies. i'm not a gullible sort of person, but i've obviously been led into doing something that wasn't right for m

and finally, the daily express, new pensions disaster, rip—off fees, we knew this, didn't we?regulator has come out with some new data to show that most people are staying with an existing provider when they ask the provider to take it out and put it into something which is more accessible to them. and the provider typically charges higher fees. fees are the kind of things which can destroy your pension, if you listen to warren buffett, he said that's the surest thing to make you poorer. these were very controversial measures, giving people access to use their money as they wish rather than to purchase an annuity. we're really starting to see more and more data that raises the question as to whether people will be financially better off as a result of this. but putting power into people's hands was seen as a good thing by some people, when mr osborne decided to make these changes? and it was welcome to largely at the time. but i think increasingly over the last couple of years, what we've seen is that the responsibility that comes with that is perhaps not hatched by the educat

violent protest failed to prevent the passing of a controversial pension all in argentina. early summer in australia that's a drop of fifteen degrees day by day and thunderstorms as it goes through this is why i was on a cold front all the time it's just going through now as you can see so that means melbourne's max in terms of twenty two as opposed to thirty eight big drop as i say and that cooling trends going to go slowly eastwards ahead of it it gets quite warm so thirty three in sydney's probably near a forty in the western suburbs and a bit cooler on the coast adelaide's temp has dropped to twenty one whereas purses on the way up earth should see after a rather disappointing start to the first winter months the twenty eight sunny degree day on thursday but at the same time cities gone once twice to and yes there have been thunderstorms when that goes through now ignoring australia in new zealand a separate system has brought rain to think version of really not much but some rain to the whole of the island shame but it's going away nyanza slow warming trend twenty two

in playing ha rd ball pension protection fund. in playing hardball and pension protection fund.on fund. in playing hardball and insisting on getting millions of pounds up front to try and close the shortfall in the companies pension schemes up with what has happened is to make things. you being intense talks between the company and the pension protection fund and that has ended up with a compromise whereby they will get the money that they want, but paid by toys r us over the next three years. 0nce toys r us over the next three years. once that was agreed upon they could put the rescue deal that they had been working on to creditors and that past by 98% of the vote. what it means, is that some of the stores will close. this is one of them on 0ld kent road in london. 36 out of 105 will shut their doors from next spring and that means that out of the 3200 jobs, 500- 800 will spring and that means that out of the 3200 jobs, 500— 800 will still go. for customers, what this means is that trading carries on as normal. it has been busy today with business shoppers picking advantage of

the 84—year—old has seen her pension increase in recent years, but pension credit, a benefit paid tomilarly protected. she lives on £160 per week. it is a struggle, says flo. if you go out, you don't have to have your heating on, do you? trouble is, once it's dark in the evenings now, and cold, you have to put your heating on, don't you? so you go on the bus just to keep warm? yeah. well, you know! yeah! it's lovely and warm on the bus. and then you sort of try and extend it as long as you can. even though you've got to nowhere to go? yeah. it's mad, isn't it? the number of people in absolute poverty, not having enough food or water to live on, has fallen by 500,000 since 2010, say ministers. but today's figures refer to relative poverty, having a lot less than most other people. since 1994—95, the number of people in relative poverty has fallen slightly. for pensioners, the decrease was quite dramatic then started rising. child poverty also fell, albeit most likely. —— more slightly. then it too began increasing. from around 2012, we finally saw wages outstrip inflation once more so

pensioners in relative poverty, according to joseph rowntree?ugh our helpline and the work we do. so what we are seeing is a higher single parent employment rate and yet are really high number of families living in poverty. what is the key reason for that? in terms of employment, we have record levels of employment, we have record levels of employment, we have record levels of employment in this country. that is right, i think what this report does is highlight three different areas, which is what we hear in reality. 0ne areas, which is what we hear in reality. one is around the quality of work, so as you say, record number of employment, particularly for single parents, yet high in work poverty rates. so for those in work, it undermines the sense that if you have a job, you will be ok. work is not paying enough for many families. the second is around how the welfare system and benefit system work and what we are seeing around universal credit is that benefits have been cut back significantly and families will be worse off with universal credit

if they don't know what a pension is, they will not know what their rights are.ld retirement mus seem a long way off my retirement. especially if they do not earn much on saving for a house is a lot more pressing. if these plan proceeds, it could save millions from poverty in old age. the prime minister says developments over last ten days have marked a watershed in the uk's departure from the european union. writing in two newspapers this morning, theresa may said the government is "proving the doubters wrong" after the eu agreed to move on to the next phase of negotiations — but labour say their brexit plans are a mess. our political correspondent chris mason is here. effectively, what she is saying, pretty defiant message, the essence boiling down, there may have been bumps on the road in the last couple of weeks, with the aborted attempts to deal in brussels, meaning coming back, and then another trip a couple of days later. then that the seat in the house of commons last week. the emphasis of the article, step back from the noise, what did i say i would achi

anything between earns a reduced pension. once they qualify the national taxpayers union and house chief administrative office say there is one way to lose the pension. a congress member must be convicted of a felony to have the retirement pulled. these each qualify for a pension. no one has a felony conviction. we can verify from sexual harassment allegations won't stop lawmakers from getting pensions or federal medical benefits for a lifetime. >>> howard is here talking about snow and rain leading up to christmas day. >> the rain is going to be saturday. the snow chance is overnight sunday night into early christmas morning. as the slim one. we started with a look at the day planner tomorrow. we'll be in the 20s and 30s. milder day tomorrow. we hit 46 today. tomorrow 56. more clouds in the afternoon. we'll see showers late tomorrow night and on and off much of the dine saturday. -- day on saturday. down to 42 in town. dew points are 20. outer suburbs could be in the low to mid 20s again. it is down to freezing in winchester

toys "r" us pays in advance, three years worth of pension contributions for the 600 people in the pensiononey because it is going through bankruptcy and that has resulted in a stalemate with the main pension authority in the uk voting against the rescue for toys "r" us. voting against the rescue for toys ‘r' us. with all that voting against the rescue for toys ‘r" us. with all that in mind what is your thoughts the seeming on the viability of this business and did the future of all of these stories? this is not the end of the road, toys " r" this is not the end of the road, toys "r" us has said it is ok for the foreseeable future trading, it thinks it is fine over christmas and new year, gift cards for instance it is happy to honour as well. so that is happy to honour as well. so that is what the company saying. and secondly this negotiation process has not come to an end, there is a final vote on thursday so the pension protection has said now that it is minded to vote against it, it has put in a beauden barrett can change its mind on thursday if after intense negotiations with the compa

be automatically enrolled for a pension at their employers.abit of saving. it will mean that younger people will be saving for those extra years, so that, obviously, is significant when it comes to their retirement. the government says that it has already had 9 million involved. young people leaving schools today are facing this perfect storm of high housing costs, a squeeze on living costs, and having to contend with a quite limited wage. it makes it quite likely they would want to t it quite likely they would want to opt out if they do not know what the pension is doing for them. at the moment, only those aged over 22 are automatically included in a pension scheme by their employers, but the government wants that age lowered to 18. soon, 8% of our salaries will be going into a pension pot, something that employers are worried about. i think what the government needs to bear in mind, however, is how much of the cost of that is going to be falling on employers in the future, because, already, the cost for employers is on course to treble by 20

and protest in argentina as the government is ways to pass a pension reform bill. welcome to business news i'm fine if a char in both u.s. president on trump was forced for his first major legislative success after eleven months in office the house of representatives passed the most sweeping overhaul of the country's tax system in more than three decades but democrats now say some provisions all the bill violates senate rules and will be removed that means the house will have to revote on wednesday. the legislation provides deep tax cuts for businesses on the wealthy and more modest cuts for middle class and low income families it will slash the corporate tax rate from thirty five to twenty one percent prior to the folks at white house press secretary sarah huckabee sanders defended the reform saying it would benefit everyone not just the rich this is a tax package that prioritize helping the middle class certainly does that this is something that we want to benefit all americans and that's been the focus all along and so that's what we continue to push for that's

that is the idea of mothers pensions. one of the men who attended the conference, max mitchell, it was affiliated with jewish charities of boston, he put it this way. instead of breaking up a home and paying for the board of her children and a private family while the mother is taught a trade under the impression she will develop an earning capacity, rather than doing that, let the amount involved be paid to the mother in the exercise of her own trade, the bringing up of her children, her highest calling. i think we can look at those ideas today and this might look like a family -- fairly limited vision. thinking ofce to women as needy economic independents. that is clearly there. also when you don't quite see in the quote but which is really part of this as well is the focus, almost exclusive focus on nativeborn children and european immigrant children. this vision of who was going to be helped by mothers pensions is not include african-american families, mexican-american families. there is a lot of limits to the vision,