All Retirement articles – Page 9
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NewsAon launches online quiz to explore CDC option
On the go: Aon has launched an online quiz that UK employers and pension scheme trustees can use to explore how a collective defined contribution scheme could meet their future needs.
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NewsOmbudsman criticises Aon, Willis Towers Watson over benefits error
The Pensions Ombudsman, Anthony Arter, has partially upheld a complaint against Aon and Willis Towers Watson over their handling of a benefits estimation error.
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NewsUK ranked low on global pensions index
On the go: Team GB may have bagged an impressive haul of medals at the Tokyo Olympic Games, but the country is considered far from the best when it comes to its pensions system.
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NewsSelf-employed pension contributions rise despite pandemic impact
On the go: Scheme members are paying more into their pensions in 2021 than in 2020, with the largest monthly contributions coming from the self-employed, according to figures from PensionBee.
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NewsPandemic prompts workers to reflect on retirement plans
On the go: In a survey conducted by Wealth at Work, more than half (51 per cent) of UK adults said the pandemic has made them more conscious of the need to save more.
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NewsGender pensions gap continues to widen
On the go: The gender pensions gap has risen to more than £180,000 among people aged above 55, with Covid-19 further widening the gap, according to research from equity release lender More2Life and the Centre for Economics and Business Research.
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NewsOmbudsman criticises civil service pensions administrator
The Pensions Ombudsman has partially upheld a complaint brought against MyCSP, which administers Civil Service Pensions, for causing “significant distress” in its handling of an overpayment case.
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NewsRaise retirement age to help UK recovery, says policymaker
On the go: Raising the retirement age could help the country recover post-Covid, a policymaker has suggested.
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OpinionWhat should industry know about tomorrow’s pensioners?
As working lives are becoming increasingly heterogeneous and pension contribution levels are directly linked with housing conditions, Pensions Policy Institute head of policy research Daniela Silcock looks at potential solutions that could improve today’s savers retirement options.
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NewsNest to trial ‘opt-out’ payroll savings approach
On the go: The research arm of the government-backed master trust Nest will be trialling an ‘opt-out’ payroll savings approach that aims to help employees build up an emergency fund.
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NewsGender pension gap reaches 56% at retirement
On the go: Women have a gender pension gap in every stage of their career, which reaches 56 per cent at retirement when compared to men, according to analysis from Legal & General.
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NewsGovt to open new public sector scheme for judges in 2022
On the go: The Ministry of Justice has launched a consultation on creating a new public sector pension scheme for judges, which will address the issues caused by the McCloud judgment and allow the government to have a pensions-based solution for the whole judiciary.
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NewsPodcast: Too much jargon hampers sustainable investing drive
Podcast: Politicians and the pensions industry risk jeopardising the progress made on sustainable investing because they are too fond of jargon. Members are keen to get involved, but they have to understand what they are getting involved in. Georgia Stewart, chief executive of Tumelo, and Chris Hulatt, co-founder of Octopus Group, talk sustainability, inter-generational fairness and cryptocurrencies.
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NewsDWP’s stronger nudge is not ‘fit for purpose’
On the go: The “stronger nudge” towards guidance recently proposed by the Department for Work and Pensions is inadequate on its own and will impact members too late in the process to have a real effect, according to industry experts.
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NewsFCA to focus on driving value for money for savers
On the go: The Financial Conduct Authority is planning to access how to drive value for money in pensions during accumulation, its business plan for 2021-22 has revealed.
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NewsPension tax change proposals branded ‘tragic’ and ‘crazy’
On the go: Rumours that the Treasury is planning to raid pensions have been branded “tragic” and “crazy” by speakers at a Hymans Robertson webinar, who warned that any reforms harming incentives to save could undo the work put in to boost retirement standards.
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NewsExperian revamps pension comms as over-50s face pandemic sting
As the financial crisis resulting from the pandemic has made many savers rethink their attitude towards pension savings, Experian has revamped its communications to scheme members in a bid to help them avoid “costly mistakes”.
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NewsPensions dashboards staging timeline too ‘ambitious’
On the go: The Pensions and Lifetime Savings Association, while “fully supportive” of the goals of the Pensions Dashboards Programme, has argued that delivery against the proposed staging timeline appears ambitious.
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NewsPASA launches GMP conversion guidance
The Pensions Administration Standards Association has published guidance on guaranteed minimum pension conversion for trustees striving to achieve GMP equality, providing examples of approaches that have been adopted or considered by “early movers”.
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NewsCalls for a ‘rethink’ as dashboards call for input closes
The Pensions Dashboards Programme’s latest call for input closed on Friday. Industry figures, though encouraged by progress made on timescales, said problems stemming from inadequate disclosure regulations and estimated retirement income remain, leading LCP to call for an implementation “rethink”.