On the go: The Work and Pensions Committee has issued a second call for evidence on how employers and trade unions should protect savers and plan for their retirement as part of its inquiry on “saving for later life”. 

On the go: There is at least a 600 basis point difference in returns between the top and bottom-performing master trust providers due to a wide variety of approaches to default investment strategies, according to research by LCP.

On the go: Bulk transfers between public service pension schemes have recommenced in England, Scotland and Wales, after they were put on hold due to uncertainty over the impact of the McCloud judgment.

Pension providers need to do more to satisfy customers along their complicated retirement journeys — otherwise the industry is at huge risk of being blamed for not doing enough, according to Cheryl Black, independent trustee on the Scottish Widows Master Trust.

On the go: Positive changes resulting from the next valuation of the Universities Superannuation Scheme should be used to improve member benefits, Loughborough University and the University and College Union have argued.

Profit warnings from UK public companies with a defined benefit pension scheme increased 46 per cent between the starts of 2021 and 2022, as consumer and industrial sectors bear the pain of rising costs and supply chain disruption.

Members want a responsible investment strategy to deliver growth, but they also want to have trust in their scheme and ensure their savings are safe, according to research on Tesco’s defined contribution scheme members.

The Department for Work and Pensions’ plans to promote investment in illiquid assets could end up increasing costs for members and raise the regulatory burden on schemes without improving retirement outcomes, consultants have warned. 

On the go: Women are concerned about their pension provision after having to reduce or stop payments due to going part-time or taking a career break, according to research by Working Wise.

The accounting deficit of the defined benefit schemes of the UK’s 350 biggest public companies fell to £45bn at the end of last month — a level last seen in April 2020.