All Retirement articles – Page 8
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NewsGovt confirms GMP revaluation rate after receiving only two responses
On the go: The Department for Work and Pensions will be lowering the guaranteed minimum pension fixed rate revaluation for early leavers by 0.25 percentage points, after its consultation into the matter attracted just two responses.
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NewsPension rules extended to October for returning NHS staff
On the go: The government has extended its relaxation of pension rules by seven months for NHS staff returning to work so they are not hit by reduced pension payments.
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NewsCalls to raise the contribution limit for non-earners
On the go: The pension contribution limit for non-earners should be significantly increased to help tackle the pension savings gap, Aegon has said.
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NewsL&G ‘well advanced’ with commercial dashboard development
Legal & General is “well advanced” with the development of a commercial dashboard, building on the work done in the alpha and beta stages of the Pensions Dashboards Programme.
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NewsCall for evidence on state pension age changes as costs mount
On the go: The independent review of the state pension age has published a call for evidence seeking views on the fairness, sustainability and affordability of the system.
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NewsMadeline Forrester appointed PPI chair of council
On the go: The Pensions Policy Institute has appointed Madeline Forrester as its new chair of council.
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NewsSurvey finds ‘overall lack of trust’ in the pensions industry
On the go: Last year saw a small rise in members’ trust in pensions, but almost a third (31.5 per cent) still have “no or very little trust” in the industry, according to a Trafalgar House survey.
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NewsInterest rate rise could cut £100bn from DB liabilities
On the go: The Bank of England’s decision to raise interest rates could see up to £100bn in long-term liabilities removed from UK pension schemes, XPS Pensions has estimated.
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OpinionGetting the under-30s ready for retirement
Penfold’s co-founder Chris Eastwood explains how young people can be enticed to start saving into a pension by using technology and offering a system that allows for stop-start savers.
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NewsOpperman declines to give timetable for auto-enrolment expansion
Industry experts have expressed disappointment at the lack of a timetable for expanding auto-enrolment, following a debate on the topic in Westminster Hall.
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NewsAlmost half of workers cannot afford to save for retirement
On the go: Almost half (47 per cent) of individuals not yet in retirement say that spiralling costs have left them unable to save, according to a survey from the Pensions and Lifetime Savings Association.
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NewsABI warns dashboards must be interactive to draw in young savers
On the go: Pensions dashboards should be interactive and show how changing contributions can boost income to appeal to younger savers, the Association of British Insurers has said.
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NewsNest closes Pre-retirement Fund after wide review
Government-backed master trust Nest has decided to close its Pre-retirement Fund following a review, since the fund was no longer appropriate due to the flexibility introduced by pension freedoms and the confusion its name caused among members.
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NewsParliament moves to ban flat fees on small pots
On the go: Regulations have been laid before parliament that will see flat fees banned for pots of under £100, which the government hopes will benefit hundreds of thousands of savers.
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NewsHalf of savers lacking interest and engagement with their DB pension
On the go:Only 49 per cent of defined benefit scheme member are concerned about knowing how much their pension could be worth, according to research from the Pension Protection Fund, which has warned of an “acute lack of understanding” by savers.
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NewsPMI warns majority of savers will be caught out by pension age rise
On the go: The majority of people impacted by the rise in the normal minimum pension age are unaware it is happening, the Pensions Management Institute has warned.
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NewsMPs urged to tweak minimum pension age rules
On the go: Quilter has written to MPs to ask them to amend the finance bill to avoid “decades of complexity” in relation to the increase in the normal minimum pension age.
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NewsBT, Ford and M&S schemes’ inflation judicial review granted
On the go: The trustees of the BT, Ford and Marks and Spencer pension schemes announced on Wednesday that their application for a judicial review of the decision to replace the retail price index with the consumer price index including housing costs from 2030 has been granted.
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NewsLGPS market value up nearly 25 per cent in a year
On the go: The market value of the Local Government Pension Scheme rose by 23.8 per cent in 2020-21 when compared with 2019-20, according to new figures from the Department for Levelling Up, Housing and Communities.
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NewsState pension age rises could be changed as govt launches review
On the go: The government has launched a review of the state pension age to see whether the way it manages the cost is fair to taxpayers and pensioners.