All News articles – Page 49
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NewsDashboard lessons from overseas
Learnings for the UK from Richard Smith’s European dashboards tour
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NewsA radical rethink is needed for ‘uncharted territory’ of life after 50: Aegon
Past trends in retirement are no longer a reliable guide to the future, and innovative ways of navigating later life and retirement are needed.
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NewsPension trustees must now state their policy on investing in illiquid assets
Changes come into force on Sunday and are a part of the ‘Focus on Value’ guidance for defined contribution pension investments.
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NewsFirst climate change reporting fine issued by TPR
The first fine against a pension scheme for failing to publish a report on trustees’ management and governance of climate-related risks and opportunities has been issued by The Pensions Regulator (TPR).
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NewsLifetime allowance: Confusion and a 'cruel twist' follow its abolition
HMRC pensions data showed pension withdrawals have risen 67 per cent since 2020 as 'cruel twist' shows soaring lifetime allowance and annual allowance charges in 2022.
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NewsYoung Brits believe their retirement will be better than their parents
Research by the FSCS found rising costs of living is creating concerns that money will not go far enough in retirement.
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NewsCould Standard Life launch be welcome shot in the arm for delayed pensions dashboard?
As Standard Life rolls out plans for the UK’s first commercial dashboard, could other pension providers soon follow suit?
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NewsM&G completes £286m Northern Bank BPA deal
The transaction is the second with M&G's insurance subsidiary Prudential since it returned to the BPA market.
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NewsStandard Life gearing up to launch UK’s first commercial pensions dashboard
Dashboard will help four million customers find their known and forgotten pension pots.
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NewsBank of England holds base rate at 5.25 per cent
The financial services industry has welcomed the UK central bank's decision to keep the base rate on hold at 5.25 per cent.
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NewsL&G agrees to Cable and Wireless £340m buy-in
Legal & General (L&G) said the deal, worth around £340m with the Cable and Wireless Superannuation fund has secured the benefits of around 1,800 retirees and deferred members and marks the fund's third and final transaction.
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NewsEvery pension scheme should have at least one accredited trustee on its board
The Association of Member Nominated Trustees (AMNT) said the accredited trustee on the board can either be lay or professional, and that pension schemes and scheme sponsors should encourage and pay for all trustees' training and accreditation.
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NewsNew online pensions toolkit has been launched to explain GMP equalisation
The free toolkit was developed by Quietroom and a consortium of UK’s largest defined benefit schemes.
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NewsBPA boom: Who will be next to enter the market?
M&G’s re-entry into the bulk purchase annuity market takes the number of UK providers to nine, with others expected to follow by the end of the year.
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NewsPension savers urged to track down missing £26bn
The pensions industry is hoping the second annual Pay Your Pension Some Attention, #Pensionattention, campaign will encourage people to track down lost pensions and save more into the ones they have.
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NewsEconomy: UK inflation eases to 6.7 per cent in August
The Consumer Price Index (CPI) edged down in the 12 months to August to 6.7 per cent compared to July’s 6.8 per cent, as falling food prices helped to stall inflation.
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NewsM&G re-enters bulk annuity purchase market
M&G has announced a £331m buy-in transaction of the M&G Group Pension Scheme (M&GGPS), one of the group’s own pension schemes, as well as a £286m bulk annuity transaction for an external scheme.
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NewsClimate change: TNFD guidance will support the green aims of pension trustees
The Taskforce on Nature-related Financial Disclosures (‘TNFD’) has published its final recommendations which enable both business and investors to integrate nature into their decision-making.
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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.