All Retirement articles – Page 14
-
News
Lockdown sees third of savers taking action on pensions
Data crunch: Seven million people, representing more than a third of savers, have taken action relating to their pensions during the coronavirus lockdown, with almost one in three reviewing their spending habits more often, according to analysis by Aviva.
-
OpinionWhat we can learn from Chile’s pension system
Under the Pinochet dictatorship, Chile experienced a rapid and controversial series of economic reforms, which sought to create a purist free-market economy on the Chicago School model.
-
News
Covid-19 leads to unexpected interest in bridging pensions
On the go: The coronavirus pandemic has led to an increase in the number of defined benefit scheme members looking to bridging pensions, according to a report by Aon.
-
Opinion
Drawdown is climbing the DC agenda — but there’s no easy fix
Data crunch: Broadridge’s Hal La Thangue on that as-yet unsolved problem of decumulation products suitable for the coming generations of retirees
-
News
PPF beats 2022 target for online transactions
The Pension Protection Fund has shifted the majority of its member transactions occurring online, beating its target set for 2022, as the lifeboat adapts its services to cater for a large influx of members.
-
News
Master trust members close to retirement lose 8.7% in savings
On the go: The pension savings of master trust members close to retirement are likely to have declined on average by 8.7 per cent during the first quarter of 2020, according to analysis from Isio.
-
News
DB schemes to face major data exercise for dashboards
New requirements to translate defined benefit pensions into an annual income in today’s terms could mean trustees and administrators face a major data exercise to comply with the pensions dashboards, according to experts.
-
News
Govt relaxes pension rules for returning NHS staff
On the go: The government has relaxed its pension rules in the coronavirus bill for National Health Service staff returning to work so they are not hit by reduced pension payments.
-
News
Cracknell: Industry fails to explain ‘how’ savers can make changes
Michelle Cracknell on her new role at Just Group after a five-year stint leading the Pensions Advisory Service.
-
News
Labour MP calls for early access to public sector pensions
On the go: Labour MP Emily Thornberry has called for public sector workers to have access to their pension pots before they retire, claiming it would help boost the economy.
-
News
MP requests 6-month extension for British Steel ombudsman claims
On the go: Labour MP Nick Smith is writing to the Pensions Ombudsman to request a six-month extension for former British Steel Pension Scheme members to submit claims, so that the issues involved can be considered in-depth.
-
News
State pension age campaigners granted leave to appeal judicial review
On the go: The BackTo60 group has been granted leave to appeal a High Court decision, and will be taking its fight against state pension age rises for 1950s-born women to the court of appeal.
-
News
FCA launches pensions advice market review
On the go: The Financial Conduct Authority is set to embark on a fresh crackdown on financial advisers, where it will analyse whether savers are receiving unsuitable pensions advice.
-
News
British Steel trustees cleared by Pensions Ombudsman
The Pensions Ombudsman has rejected a number of complaints against the trustees of the old British Steel Pension Scheme, after concluding that communications to members were not misleading and did not amount to scaremongering.
-
News
PPF reaches 1,000th scheme transfer milestone
On the go: The Pension Protection Fund has accepted its 1000th scheme with the transfer of Carillion Rail, a section of the Railways Pension Scheme with almost 4,000 members.
-
OpinionWill open finance transform financial services?
Henry Tapper, chief executive of new pensions consolidator AgeWage, analyses how open finance will transform the way consumers view and interact with their pensions.
-
News
Admins reveal collapse in retiree savings levels
On the go: UK retirees are leaving the workforce with lower levels of savings than previous generations, as the decline of defined benefit opens a gap in the nation’s retirement preparations.
-
News
Providers divided on mandatory simpler annual statements
Workplace providers such as Smart Pension and PensionBee are supporting the government’s intention to introduce a standardised annual statement, with calls for legislation if take-up from schemes does not increase.
-
News
IGCs face ‘huge challenges’ with extended oversight remits
The new rules coming into force for independent governance committees – taking oversight of the provider’s policy on environmental, social and governance factors, and guaranteeing the value for money of new investment pathway solutions – have been branded a “huge challenge” by industry experts.
-
OpinionCollective defined contribution schemes: Smooth operators?
Barnett Waddingham’s Esther Hawley looks at the differences between collective defined contribution schemes and individual DC strategies, and how workplace pension funds can mirror the new concepts being developed to improve the UK’s retirement outcomes.