New HMRC data on flexible payments from pensions show that in Q1 2018, 222,000 individuals made withdrawals, up from 176,000 in Q1 2017 – a 26 per cent increase.
The Weekly Wrap: April 27 edition
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April 27, 2018
A round-up of the pensions news stories published across the FT Group this week, from the thousands of public sector pensioners at risk of having to hand back benefits, to the scrapping of a hybrid defined contribution scheme in Louisiana.
Now Pensions bottom of default fund league tables
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April 25, 2018
Now Pensions has the worst performing default fund of any major defined contribution provider, according to a new report by product review company Defaqto.
Regulator to prosecute brewery for failing to provide financial info
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April 24, 2018
The Pensions Regulator is to prosecute Samuel Smith Old Brewery and company chairman Humphrey Smith for failing to provide information and documents required for an ongoing investigation.
GLIL relaunched under regulated structure
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April 24, 2018
Infrastructure platform GLIL, formed in 2015 by the London Pensions Fund Authority and the Greater Manchester Pension Fund, has been relaunched under a regulated structure.
Designing DC default funds for better outcomes
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April 23, 2018
From active and passive investment management to member concerns and ESG – three experts, including a mastertrust director, a consultant and a finance director, debate the key issues facing DC default fund providers.
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The Weekly Wrap: April 20 edition
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April 20, 2018
A round-up of the pensions news stories published across the FT Group this week, from a call for pensions tax relief to be set at a flat rate, to a lawsuit in the US alleging a global banking conspiracy to fix Mexican government bond prices.
How will the UK's first pension superfund work?
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April 17, 2018
Podcast: The UK's first superfund was announced in March, a day after the government encouraged the creation of commercial consolidators in its long-awaited white paper on the defined benefit sector. Alan Rubenstein, chief executive of The Pension SuperFund, discusses how the vehicle will work, and when it might absorb its first DB scheme.
UCU suspends strike action to scrutinise USS valuation
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April 15, 2018
The University and College Union has called to suspend all strike action after its members accepted an offer to examine the latest valuation.
Pension questions raised after FirstGroup rejects takeover bid
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April 13, 2018
FirstGroup’s rejection of a hostile takeover approach from US private equity group Apollo Management has sparked discussion on pensions.