The surplus on FTSE 350 pension funds stood at an aggregate of £59bn at the end of February according to Mercer’s latest analysis. Mercer says these surplus levels have now persisted for almost...
A number of DC pension schemes have been wound-up after failing to satisfy the regulators new ‘value for member’ assessments. The Pensions Regulator has already fined one corporate trustee for failing to...
User data from Canada Life’s myStrength app reveals that mindfulness is the top category preferred by UK employees. The data shows that in 2023 mindfulness activities accounted for 36 per cent of...
Broadstone has appointed Rachel Coles as a workplace engagement consultant. Coles joins Broadstone’s DC workplace savings team, part of the employee benefits consulting business, which helps about 800 firms offer cutting-edge benefit and...
Superfund Clara-Pensions will take over the £600m Debenhams Pension Scheme, ensuring that 10,400 employees of the former department store will get their pensions paid in full. This is the second pension scheme...
Pension Freedoms, introduced a decade ago, increased retirement flexibility but also added complexity in choosing retirement income options, resulting in a growth in drawdown usage. The industry emphasises ongoing innovation to ensure...
The Department for Work & Pensions (DWP) consultation on its ‘pot for life’ proposals closed in January, eliciting strong industry debate from those in favour and those against. Beyond the theorising, however,...
Do we need to consider the UK’s housing and pensions strategies together? The pattern of home ownership appears to be changing in the UK, with a growing number of retired renters. But could...
The Chancellor, in his Autumn Statement, asked the FCA to take action to remedy the problem of misapplied charges disclosure regulations which force investors to sell UK-listed investment trusts, driving pension funds...
Three-quarters or 75 per cent of DC pension savers aged 55 or over want their DC savings to start paying them an income automatically when they retire, according to research from Hymans...
