Delaying retirement by a day could leave members £10,000 better off

Bloomberg

Delaying retirement by a day could leave members £10,000 better off in retirement due to the way members’ benefits are calculated based on short-term inflation rates, according to research from XPS Pensions Group.

Incorrect personal data prevents Nest member from opting out

Stocknshares/iStock

A healthcare company has been told by the Pensions Ombudsman to repay an employee’s pension contributions, after he was unable to opt out due to the employer providing an incorrect date of birth and national insurance number to Nest.

Transfer volumes could hit £600bn as insurers post strong results

Evgeny Ivanov/Dreamstime

A host of insurers have revealed their first-half 2022 results that show a booming trade in risk transfers, which, by some projections, could hit £600bn over the next decade — though there are fears about a capacity crunch in the sector.

New funding proposals threaten ‘the demise of DB schemes’

Chris Ratcliffe/Bloomberg

New defined benefit funding rules may lead to “potentially severe outcomes”, consultancy LCP has warned, while Mercer has predicted that the regulations would “accelerate pension liability buyouts and the demise of DB schemes”.

Govt to change civil servants’ early pensions access

Luke MacGregor/Bloomberg

The government has proposed to change the rules around early access to pensions in the civil service, tracking 10 years behind state pension age, according to a new consultation over reforms to the Civil Service Compensation Scheme.

Comment

Members or fraudsters? Take action now to weather the dashboard storm

Spencer Lynch

GBG's Spencer Lynch issues a call to arms on the pensions dashboard initiative.

Why are annuities making a comeback for pensioners?

Kevin Hollister

With annuities being revamped, Guiide founder Kevin Hollister asks if a pension product that got so much hate could be enjoying a revival.

Pensions dashboards will require a consumer protection regime

Tim Gosling (teaser)

B&CE head of pensions policy Tim Gosling assesses the current state of the regulatory framework for pensions dashboards.

Videos & Podcasts

Schemes struggle to educate members amid cost of living crisis

Podcasts

Podcast: Society of Pensions Professionals president Steve Hitchiner is joined by AgeWage chief executive Henry Tapper, founder of the Pension Playpen, to discuss recession fears, consumer protection for dashboards and expanding long-term asset funds.

Ball in TPR’s court as DB funding code consultation launches

Podcasts

Podcast: Zedra client director Richard Butcher and Hymans Robertson partner Laura McLaren discuss the next steps for the defined benefit funding code, stronger nudge concerns, and assess the health of pensions post-Maxwell.

CPD

Are savers ready to go back to annuities?

Getty Images

CPD: Annuities are the current Cinderellas of the pensions industry, but Stephanie Hawthorne asks whether higher rates will bring them back into favour for savers looking to lock in retirement.

Understanding your derisking options

Gladson Xavier/Pexels

CPD: K3 Advisory's Adam Davis explores what your scheme needs to know to manage risk. 

Investment governance rules – where are we now?

Circle Creative Studio/iStock

CPD: Gowling WLG and IC Select specialists recap the legal fundamentals affecting trustees’ investment practices, before considering the importance of setting strategic investment objectives in order to comply with CMA and DWP rules.