Latest articles from Sonia Rach

Pension savers lose £1.7bn on retirement transition

News on the go

On the go: Workplace pension scheme members are losing around £1.7bn a year during their transition into and in retirement, according to new research from master trust HSBC Tomorrow.

Aggregate value of lost pension pots surges to £27bn

Jason Alden/Bloomberg

Pension savers are being encouraged to take action to trace their lost pension pots, which in aggregate are estimated at £26.6bn, according to the Pensions Policy Institute.

Mel Stride appointed work and pensions secretary

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On the go: Prime minister Rishi Sunak has appointed Mel Stride as the new secretary of state for work and pensions. 

FCA proposes rules to stamp out greenwashing

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The Financial Conduct Authority is looking to introduce a package of measures aimed at clamping down on greenwashing, while looking to expand the regime for pension products in the future.

Quarter of workers unaware of workplace pension contributions

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On the go: More than a quarter (26 per cent) of UK workers do not know how much they contribute to their workplace pension each month, according to new research commissioned by Standard Life.

Grime artist Big Zuu encourages pension talk

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On the go: Grime artist and TV cook Big Zuu has produced a song and accompanying video calling on people to ‘Pay your pension some attention’, as part of a wider campaign. 

Nine in 10 DB transfers receive scam warning in July

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On the go: Around 94 per cent of defined benefit transfers registered as having one or more scam warning signs, according to XPS Pensions Group.

Providers take action to prevent reduced pension contributions

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Providers have started to take action as more individuals move to reduce pension contributions as a result of the cost of living crisis.

LCP urges caution before consolidating pension pots

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On the go: Deciding whether to consolidate pension pots “is not a no-brainer”, consultancy LCP has warned, as it set out the advantages and disadvantages of consolidation in a new report.

Royal London profits slump due to market volatility

Visionhaus

Royal London has posted a pre-tax loss of £228mn for the first half of the year due to falls in equity and bond markets.