On the go: The relatively low number of deaths reported so far this year appears to buck the trend of stalling life expectancy improvements since 2011, an LCP report has highlighted.
9m workers sleep-walking into retirement, report finds
|
August 21, 2019
On the go: Nearly 9m mid-career employees are flying blind into retirement, clueless on how much they need to save for their retirement, Aviva research has found.
Employers urged to monitor default performance more closely
|
August 19, 2019
On the go: Employers should look under the bonnet when reviewing their default fund as there is a huge variation in asset allocation and performance of these products, according to Punter Southall Aspire analysis.
High Court blocks Prudential's £12bn annuity transfer to Rothesay
|
August 19, 2019
On the go: The High Court of England and Wales has taken the exceptional step of blocking the transfer of a £12bn portfolio of annuities from The Prudential Assurance Company Limited, a subsidiary of M&GPrudential, to Rothesay Life – leaving a question mark over future deals of this nature.
State pension age should rise to 75, says think tank
|
August 19, 2019
On the go: A chorus of critics has condemned the Centre for Social Justice’s proposal to increase the state pension age to 70 by 2028, with a further rise to 75 by 2035, to make the system more sustainable and reflect longer life expectancies.
TPR writes to 120 schemes about incorrect equalisation calculations
|
August 16, 2019
The Pensions Regulator has written to the trustees of 120 pension schemes administered by Prudential making them aware of potential pension payment errors.
Nest signs up to ‘Star’ initiative as Opperman urges others to join
|
August 16, 2019
On the go: Master trust Nest – one of the UK’s biggest pension schemes, with 8m members – has joined the pensions industry ‘Star’ initiative.
Britvic seeks court approval for RPI/CPI switch
|
August 12, 2019
Soft drinks manufacturer Britvic is the latest business to attempt to switch the basis for its defined benefit pension increases from the retail price index to the consumer price index, with other companies reputedly queuing up to take legal advice on this very point.
Fewer deaths in 2019 could increase DB liabilities
|
August 9, 2019
On the go: The mild UK winter could lead to an increase in pension scheme liabilities as 2019 to date has seen relatively few deaths, according to a firm of longevity specialists.
ONS miscalculates RPI for March and June
|
August 9, 2019
On the go: The Office for National Statistics has made an error in the retail prices index, leaving the figures for March and June this year 0.1 percentage points adrift. The possible impact of the mistake on the stock market led to the ONS publishing a statement outside of trading hours late on Thursday.