All Standard Life articles
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NewsLifetime allowance: Confusion and a 'cruel twist' follow its abolition
HMRC pensions data showed pension withdrawals have risen 67 per cent since 2020 as 'cruel twist' shows soaring lifetime allowance and annual allowance charges in 2022.
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NewsCould Standard Life launch be welcome shot in the arm for delayed pensions dashboard?
As Standard Life rolls out plans for the UK’s first commercial dashboard, could other pension providers soon follow suit?
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NewsStandard Life gearing up to launch UK’s first commercial pensions dashboard
Dashboard will help four million customers find their known and forgotten pension pots.
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NewsBPA boom: Who will be next to enter the market?
M&G’s re-entry into the bulk purchase annuity market takes the number of UK providers to nine, with others expected to follow by the end of the year.
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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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OpinionAnnuities for the DC generation
Standard Life’s Claire Altman considers the future of annuities for the DC generation, arguing that in future savers will look for ‘blended’ solutions.
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NewsFunding levels up and even better than the official stats
The Pensions Regulator’(TPR) has published its 2023 update to its scheme funding analysis for defined benefit and hybrid schemes. This shows that UK defined benefit (DB) and hybrid schemes continue to experience an improvement in funding.
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NewsFalling inflation may benefit state pensioners in the short term
The headline rate of inflation was down again in July 2023, for the second consecutive month.
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NewsLiving on your own in retirement is bad for your wealth
New research from Standard Life shows that single people need an additional £160,000 compared to pensioner couples who can share costs.
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News
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.
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NewsFour fifths of defined benefit scheme trustees expect BPA deal within five years
Four fifths of defined benefit pension scheme trustees expect to approach an insurer about de-risking within five years with 86 per cent of trustees anticipate their scheme approaching an insurer for a bulk purchase annuity (BPA) transaction within the next five years.
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NewsConsumer duty: Stricter regulation needed for members caught up in record insurance buyout activity
The introduction of the Financial Conduct Authority (FCA)’s new consumer duty will be particularly welcome to trustees of defined benefit (DB) pension schemes who are entering into bulk annuity insurance transactions.
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News
Standard Life completes £1.2bn buy-in with Mitchells & Butlers pension plan
Standard Life has completed a £1.2bn bulk purchase annuity transaction covering the 20,200-member strong Mitchells & Butlers pension plan.
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NewsWhy auto enrolment only guarantees the most basic of retirement incomes
Even those who save the minimum amount into their pension for over 40 years will not have enough to secure the Pension and Lifetime Savings Association's (PLSA) retirement living standards ‘minimum’, ‘moderate’ or ‘comfortable’ retirement as a single pensioner.
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NewsFears for pension savers as tax-free cash is gobbled up by debt
Paying for home renovations is the most popular use of the 25 per cent tax-free pension lump sum with 15 per cent using it to pay down a mortgage, credit card, and or loans.
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NewsCDC legislation is 'on the way'
The pensions industry has welcomed government plans to legislate for collective defined contribution schemes (CDCs).
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NewsSmall pots consultation: 'Pot for life' approach seen as long-term solution
The Department for Work and Pensions (DWP) has launched an eight-week consultation after a call for evidence which flagged up a multiple consolidator approach as a possible solution to the issue of deferred small pots.
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NewsStandard Life completes £1bn Chubb Pension Plan and Chubb Security Pension Fund buy in
Standard Life has concluded a £1bn bulk purchase annuity (BPA) transaction covering two schemes, the Chubb Pension Plan and the Chubb Security Pension Fund.