All articles by Samantha Downes – Page 3
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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.
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NewsPension trustee role needs to be re-evaluated, argues industry
The Association of Professional Pension Trustees (APPT) also cautioned against what it claimed were "further onerous requirements being placed on lay trustees that could backfire".
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NewsABI’s pension scheme completes £18.4m buy-out with Just Group
The deal secures the benefits of remaining members of the Association of British Insurers (ABI) sponsored pension scheme, including 16 pensioners and 118 deferred members.
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NewsUK economy: GDP grew 0.5 per cent in June
The UK economy grew by 0.5 per cent in June and by 0.2 per cent in the three months ending June, according to the Office for National Statistics.
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NewsThe next step towards a superfund regime
The Pensions Regulator (TPR) has published revised superfund guidance following government plans to legislate the consolidation schemes.
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NewsWhy defined benefits schemes are looking beyond insurers to secure member benefits
Insurance buyouts were not the de-risking option of choice among half of the defined benefit schemes polled by a pensions consultant.
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NewsTriple lock: Government faces £9bn bill to inflation-proof state pension
State pension triple lock bill will rise on the back of inflation hikes and wage data, according to interactive investor.
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NewsDebt to credit? DC schemes 'will have committed £200bn' to illiquid assets by 2030
One report is estimating that defined contribution schemes will have increased their holdings in private debt to £200bn over the next six and a half years.
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People NewsPension industry movers and shakers w/e 11 August
This week's pension industry movers and shakers: including the Pension Protection Fund and LCP.
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Swap and bond rate dip increases average pension scheme buyout timeframe
The average time for a UK defined benefit pension scheme to make itself buyout ready rose from 5.1 to to 5.2 years between June and July 2023, according to Barnett Waddingham.