Aegon sets net zero target for defaults
Aegon has announced its intention to achieve net zero carbon emissions across its default pension fund ranges by 2050 and is exploring whether it can halve them in the next decade. The...
News
Three quarters set to run out of money in mid-retirement – People’s/SSGA research
Three quarters of retirees are on course to run out of money in their retirement because pension freedoms have compelled people to put together their own retirement solutions, a report from the...
Volatility and retirement top client enquiries to advisers
Concerns over market volatility and retirement have risen during Covid-19, making them the two issues clients are most likely to raise with financial advisers, according to research from Standard Life. Two-thirds of...
SEI appoints new client strategy director
SEI has announced that Sarah Powell has been appointed as a client strategy director within its Institutional Group. Powell will be based in the UK and responsible for formulating and providing strategic...
IA and PLSA launch stewardship steering group
A new steering group has been launched by pension funds and investment managers to improve the way the industry conducts stewardship. The steering group is a joint initiative between the Investment Association...
Transaction costs remain excluded from cap as ban on small pot fee announced
Transaction costs will remain excluded from the charge cap and administration charges will be banned for pots under £100, the Government has confirmed. Its Review of the Default Fund Charge Cap and...
Three in four savers risk ‘depleting pensions’ without guided pathways
Millions of people risk running out of money in retirement as a result of pension freedoms according to new research. An ongoing study undertaken by The People’s Pension and asset manager State...
Covid causes 11pc drop in DC contributions
Savers paid 11 per cent less into workplace DC schemes last year as the economic effects of the coronavirus pandemic hit, according to the latest ONS data. The figures show that employee...
DWP bans flat fees on small pension pots
Pension providers have welcomed news that the Department of Work & Pensions will limit flat fees on smaller pension pots. Following review of the default charge cap and standardised cost disclosure the...
Lack of unique identifier holding back consolidation – PPI
The UK’s lack of a unique identifier number is draining resources of administrators and holding back the transferring and consolidation of pension pots, a report from the Pensions Policy Institute (PPI) has...
