All articles by Samantha Downes – Page 2
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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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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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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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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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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.
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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.
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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.
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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.
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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.
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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).
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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.
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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.
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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.
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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.
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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.
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NewsTPT to offer DB trustees fiduciary management and consultancy services
TPT has secured regulatory approval from the Financial Conduct Authority (FCA) to set up the commercial investment company.
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OpinionPensions Expert webinar: How can DC schemes support savers?
We look at how DC plans and employers can support scheme members; the different options available and how they can be used in the most effective manner.
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NewsBAE Systems awards Goldman Sachs £23bn UK pension schemes mandate
The agreement marks the largest outsourced chief investment officer (OCIO) mandate awarded to date in the UK market.
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NewsThe growing gender pension gap
The gender gap for new retirees taking the state pension has almost closed, but a new frontier in the battle against inequality is opening, according to LCP.
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NewsPensions, savings and inflation expected to be addressed in Chancellor's Autumn Statement
The government has confirmed this year’s Autumn Statement will take place on 22 November, and has pledged to halve inflation by the end of the year.