All News articles – Page 31
-
News‘Systemic risks’ in rushing to embrace insurer buyouts, warns SPP
In its Vision 2030 report, the Society of Pension Professionals (SPP) warned that insurance buyouts ‘may not always be the answer’ and diversification of endgame options beyond government gilts was needed to secure the long-term future of all pension schemes.
-
NewsAuto enrolment will be extended to younger workers as bill is granted Royal Assent
A private members bill which will mean that workers under the age of 22 are automatically enrolled into a pension, has passed its third reading in the House of Lords.
-
NewsBBC appeals against High Court ruling
The BBC confirmed there will be no reduction to any pension benefits already built up and nothing will change before the second half of 2024.
-
NewsPhoenix Group rakes in £3.2bn BPA business during H1 2023
The owner of Standard Life saw its BPA premiums grow year-on-year from £1.6bn during the first half of last year.
-
NewsSavers shrug off cost-of-living crisis to increase 'later-life' savings pots
More people are saving for their retirement, with holidays now further down the list, according to Nottingham Building Society and the DC Investment Forum (DCIF).
-
NewsSolution to both small pots issue and pension dashboard 'desperately needed'
With many over-55s having no idea what their pension is worth, and many lacking clear financial strategies for their retirement, the need for solutions is more desperate than ever, two pieces of research have revealed.
-
NewsLDI and the Liz Truss mini budget: One year on, what - if anything - has changed?
Twelves months after Liz Truss’ mini budget exposed weaknesses in liability driven investment (LDI), Pensions Expert looks at what, if any, lessons have been learned.
-
NewsTPR: Why pension administrators are in the regulator’s sight
Policy initiatives including pensions dashboards and value for money, as well as challenges including Covid and cyber leaks, have prompted The Pensions Regulator to change its approach to the regulation of administrators.
-
NewsFuture of state pension triple lock guarantee is 'turning into a game of pensions poker’
The future of the triple lock has been plunged into further doubt after Labour’s Angela Rayner refused to be drawn on her party's commitment to keeping it.
-
NewsPensions Awareness Week: More must be done to make saving for later life relevant
Ten years after it launched Pensions Awareness has helped increase the profile of schemes, but seven days is not enough to help the UK plug its retirement savings gap.
-
NewsUK GDP falls 0.5% as interest rate hikes continue to bite
The UK economy is estimated to have contracted in July, according to the latest gross domestic product (GDP) data from the Office for National Statistics (ONS).
-
NewsTriple lock: UK earnings surge will push state pension payments up by £900 a year
Average earnings data published by the Office for National Statistics (ONS) for May to July 2023 showed earnings growth of 8.5 per cent, a figure that will be used to set the state pension increase under the triple lock rule.
-
NewsAt least 50 per cent of schemes have a professional trustee
Half of UK pension schemes now have a professional trustee, while a third have a sole trustee, according to consultancy LCP.
-
NewsPPF 7800 Index: Surplus down £2bn as yield rise fails to offset dip in asset values
The aggregate surplus of the 5,131 schemes in the PPF 7800 Index fell from £446.1bn to £441.1bn during August.
-
NewsPension scams cost victims more than £26m - PMI
A freedom of information (FOI) request has revealed that 1,595 pension scams were reported between 2020 and 2022.
-
NewsPensions industry urges for levy change as PPF halves 2024/25 estimate to £100m
The Pension Protection Fund (PPF) said it had been able to reduce the levy from an original estimate of £200m to £100m in the financial year 2024/25, but industry watchers are urging for a change in the law to allow the amount to reflect improved scheme funding.
-
NewsNine out of 10 UK workers have an unclaimed workplace pension, new research warns
Importance of keeping up-to-date with pension pots is highlighted as part of Pension Awareness week.
-
NewsProductive finance: Pension panacea or sticking plaster for UK plc?
Encouraging pension funds to deviate from standard asset classes is nothing new, but is the latest push to encourage productive finance likely to be embraced by the pensions industry, at a time when it has everything to lose, and not that much to gain?
-
NewsState pension triple lock could cost up to £45bn a year by 2050
As the Office for National Statistics prepares to release its estimate for average earnings growth, the Institute of Fiscal Studies (IFS) issues a warning over the cost of the triple lock to taxpayers.
-
NewsThe great ‘unretirement’ gathers pace
Data from the Office for National Statistics (ONS) showed the employment rate is 71.3 per cent for 50 to 64-year-olds compared to 72.5 per cent in 2019.