The Cummins UK Pension Plan has launched a fund for defined contribution members wishing to invest their pension in compliance with sharia law, while experts call for better sharia pensions provision across the UK.
Diageo offers PIE and writes to members after rise in DB transfers
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January 15, 2019
The Diageo Pension Scheme is offering a pension increase exchange exercise to defined benefit pensioners, and has outlined plans to write to deferred and active members explaining transfer options, following a spike in members cashing out.
Highland scheme mulls insurance policy for ill health retirement costs
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January 10, 2019
The Highland Council Pension Fund is considering the option of taking out an insurance policy to protect the scheme against substantial ill health retirement costs.
Reuters Pension Fund completes £625m pensioner buy-in
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December 17, 2018
The trustee of the Reuters Pension Fund and Thomson Reuters have completed a £625m full pensioner buy-in for the scheme, in the biggest annuity transaction yet for insurer Canada Life.
How can we get the 'squeezed middle' saving more for retirement?
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December 14, 2018
Analysis: Research has shown that 35 to 49-year-olds are worried they are not saving enough for retirement, with many facing several financial challenges. So, what can be done to help this ‘squeezed middle’ group of workers put more towards a pension?
M&B switches to drawdown and moves deferreds to master trust
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December 10, 2018
The Mitchells & Butlers pension scheme has updated its defined contribution default strategy to target drawdown purchase, directing members to a master trust for retirement provision.
21% of older workers think they are too savvy to be scammed
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December 5, 2018
A joint regulatory scams awareness campaign has prompted tens of thousands of people to seek information about pension scams, but more than half of 45-65 year olds with a pension still do not think they are likely to be targeted by a scam.
Southern Water agrees higher DRCs after regulator investigation
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December 3, 2018
Utility company Southern Water has agreed to pay significantly higher deficit repair contributions under a shorter recovery period, following an investigation by the Pensions Regulator.
Xerox MNT constituency opened up for all members
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December 3, 2018
The Xerox Pension Scheme has broadened its employed member constituency for member-nominated trustees to include all members, due to the dwindling number of members who are employed by Xerox.
Making the right decisions
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November 30, 2018
Editorial: Guidance can help savers make the right decisions, but not enough people are taking it.