Massive amounts of retirees cashing out their pensions
Over 75 per cent of savers at L&G, Nest, and The People’s Pension fully pay out, but nearly all retirees at Workers Pension Trust, Smart Pension Master Trust, and Creative...
Read moreDetailsOver 75 per cent of savers at L&G, Nest, and The People’s Pension fully pay out, but nearly all retirees at Workers Pension Trust, Smart Pension Master Trust, and Creative...
Read moreDetailsDecumulation CDC is gaining support amongst pensions professionals, with Simon Eagle of WTW winning an audience debate poll on the subject at the Corporate Adviser Master Trust & GPP Conference...
Read moreDetailsThe number of people who are potentially ‘financially vulnerable’ has doubled from 1.7m to 3.3m over the past year. This was the stark picture set out to delegates at the...
Read moreDetailsThere are calls for the DC drawdown industry to make better use of more comprehensive longevity figures now available, which show marked differences in life expectancy based on postcode. Speaking...
Read moreDetailsThe Bank of England has increased its benchmark interest rate by 0.75 per cent to 3 per cent – the largest rate hike in 30 years. Hymans Robertson co-head of...
Read moreDetailsThe UK has one of the higher wealth gaps in Europe, and is below the global average, for gender wealth equity at retirement, according to WTW. According to the WTW...
Read moreDetailsHMRC has paid back more than £900m in overpaid tax to savers who have made ‘flexible’ withdrawals from their pensions under Pension Freedom rules. Figures published today help show the...
Read moreDetailsWomen have a lower average pot size at every age band, according to Legal & General Investment Management. That was the main conclusion from a presentation at the Corporate Adviser’s...
Read moreDetailsPension schemes and asset owners need interrogate asset owners on their voting record on climate change if they are to meet stretching 2030 net zero targets. Speaking in a panel...
Read moreDetailsWhen recommending pension providers to employers, advisers are focused on forward-looking metrics, notably on historical performance, which will guide future performance and outcomes. That was the main conclusion from a...
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