The triple lock causes an increase in state pension spending of £11bn a year compared to what spending would have been if growth had been in accordance with either prices or earnings,...
The cost-of-living issue has caused a fifth of savers to cut or halt their workplace pension contributions, possibly affecting their retirement savings of up to £270,000. According to M&G Wealth’s Family Wealth...
Problems in the investment trust market are causing difficulties for many UK pensions schemes and could make it harder to meet government objectives to increase investments into infrastructure and private equity to...
The employment rate for those aged 50 to 64, currently at 71.3 per cent, has not yet fully recovered to its pre-pandemic level of 72.5 per cent in 2019, according to data...
The Pensions Regulator and Department for Work and Pensions need to “resolve inconsistencies” between the new DB code and the regulation underpinning it to avoid “negative consequences” for schemes and their members....
Around 13 per cent of UK adults who are not currently retired are never planning to give up work, according to new research from Canada Life. The research found that more than...
The Financial Conduct Authority (FCA) has granted regulatory approval to TPT Retirement Solutions (TPT) to create a commercial investment company offering fiduciary management and consulting services to DB schemes. TPT Investment Management...
YuLife has expanded its group insurance offering to now include business health insurance provided by Bupa. YuLife members will have access to flexible coverage through Bupa’s business health insurance in addition to the current...
The 350 largest UK-listed businesses’ defined benefit (DB) pension accounting surplus fell to £52bn from £54bn by the end of August 2023, according to Mercer’s Pensions Risk Survey data for August 2023....
Standard Life has appointed Andrew Davies to its Independent Governance Committee (IGC) which oversees the interests of close to 2.8 million workplace and Investment Pathways personal pension scheme members. Davies is replacing...
