Topic
retirement
Logistics Conrail CEO Brian Gorton Announces Retirement After Six Years of Leadership
Brian Gorton, president and chief executive of Conrail, is retiring effective November 1, 2026. The former Union Pacific executive has led the terminal and switching railroad since 2021. Norfolk Southern announced it has begun a search for Gorton's successor.
Finance India Proposes Universal Provident Fund for Gig Workers and Self-Employed
The Employees' Provident Fund Organisation (EPFO) is working on a universal provident fund scheme for unorganised sector workers, gig workers, and the self-employed. The scheme would allow flexible contributions, tax benefits similar to EPFO, and a systematic withdrawal plan. If implemented, it could be one of the most significant expansions of India's social security framework.
Business Gen Z Losing Faith in State Pension: UK Retirement Crisis Looms for Under-30s
A growing number of Gen Z workers in the UK, such as 20-something engineer Joel, are planning their finances without expecting to receive a state pension. With the state pension age rising to 68 and projections showing 17 million pensioners by 2070, experts warn this distrust could lead to risky investments or disengagement from saving. The triple lock mechanism is under fire from think tanks like the Resolution Foundation.
Business India Notifies Employees' Provident Funds Scheme 2026: Key Changes in Contributions, Withdrawals, and Compliance
The Ministry of Labour and Employment has notified the Employees' Provident Funds Scheme, 2026, replacing the 1952 framework. The revised scheme introduces simplified partial withdrawals, mandatory Aadhaar/PAN details, and enhanced compliance requirements while retaining the 12% contribution rate for employers and employees.
Logistics More FedEx MD-11 cargo jets return to service, others are retired
FedEx has reinstated four McDonnell Douglas MD-11 freighters since aviation authorities cleared the type to resume flying seven weeks ago, while also retiring five MD-11s and other aircraft last quarter. The remaining 25 MD-11s are expected to be ready by peak season. The moves are part of a broader fleet modernization and strategic shift toward deferred air cargo.
Business As More US Business Owners Retire, Many Are Selling Up to Their Staff in Employee Ownership Deals
A wave of baby boomer retirements is prompting US business owners to sell their companies to employees, rather than to outside buyers. The trend is supported by rising investment funds and research showing employee-owned firms are more productive and pay higher wages. Examples include Softstar Shoes in Oregon and Stockwell Elastomerics in Philadelphia.
Finance Guernsey Community Savings Founder Peter Nevill Retires, James Ellis Takes Over as Chair
Peter Nevill, founder of Guernsey Community Savings, has retired as chairman after more than five years of work. Former banker James Ellis takes over the role. The charity, which opened in September 2020, has helped about 200 people who were excluded from mainstream banking access accounts and debit cards, and provided money-management guidance to many more.
Business Majority of Workers Face Pension Shortfall, Report Warns
A report by Pensions UK reveals that 75% of workers are not on track to achieve a moderate pension income, highlighting a significant retirement savings gap. Rising living costs are exacerbating the issue, prompting calls for increased savings efforts.
Finance Uncover Hidden Pension Savings: A Guide for Finance Executives
Many professionals may be saving for their pensions without realizing it due to automatic enrollment schemes. Finance executives should verify deductions on wage slips to ensure they are maximizing employer contributions, which can significantly impact long-term retirement savings.
Logistics Kevin Knight Retires from Knight-Swift, Leadership Transition
Kevin Knight, founder and executive chairman of Knight-Swift, has retired, marking a significant leadership transition. David Vander Ploeg steps in as the new chairman, continuing the company's legacy.