All Aegon articles – Page 4
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Features
Cameron: Hold government to auto-enrolment promises
Steven Cameron is a pensions legend, having notched up an impressive 35 years in the industry. Despite this, his enthusiasm remains undimmed, and has the Aegon public affairs director taking a new role as chair of The Investing and Saving Alliance’s retirement policy council.
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News
IGCs face ‘huge challenges’ with extended oversight remits
The new rules coming into force for independent governance committees – taking oversight of the provider’s policy on environmental, social and governance factors, and guaranteeing the value for money of new investment pathway solutions – have been branded a “huge challenge” by industry experts.
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News
Elections 2019: Pension reforms expected after Tory majority
Sweeping pension system reforms are expected following the Conservative Party’s comprehensive victory in Thursday’s general election, with more powers coming for the regulator, a tax review for the higher and lower paid, and experts calling for more work on retirement adequacy.
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News
Govt solution for doctors’ tax bill met with criticism
The government will introduce an emergency measure to pay the tax bills of doctors and consultants in England affected by the tapered annual allowance, but the move has been criticised by experts.
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News
DC trustees eye master trusts for decumulation options
Data crunch: Trustee reluctance to offer in-house drawdown means single-employer defined contribution schemes may look to partner with a master trust to offer decumulation products to members, new analysis shows.
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News
Aegon staff scheme completes £144m buy-in
On the go: The Aegon UK Staff Retirement and Death Benefit Scheme has completed a £144m buy-in with Phoenix Group.
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News
LTA to increase to £1.075m next year while pensioners get bumper rise
On the go: The latest data from the Office for National Statistics shows the consumer price index of inflation grew by 1.7 per cent in September 2019, with impacts on the state pension and the lifetime allowance.
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News
Self-employed want help with long-term finances, study finds
An investigation into the saving habits of the self-employed has found that entrepreneurs want help to save for the long term, but are put off by the inflexibility and specific goal of pensions.
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News
New consultation fails to address NHS clinician concerns
Doctors believe a new consultation offering greater pension flexibilities is not enough to stop them refusing extra shifts in the hard-pressed National Health Service, as experts demand an overhaul of the entire pensions tax system.
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News
Aegon and Nest join list of authorised master trusts
On the go: Nest, the master trust set up by the government to back auto-enrolment, has received authorisation from the Pensions Regulator, along with four other multi-employer schemes.
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News
ACA reignites pensions v house purchase debate
On the go: The Association of Consulting Actuaries is calling for new flexible savings products designed to fulfil young savers’ housing and pensions aspirations.
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News
DB members transferring face adviser shortage as regulations bite
On the go: Nearly seven out of 10 advisers are wary of advising on defined benefit transfers, according to Aegon Research.
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News
Church of England scheme gives ultimatum to mining companies
On the go: In the wake of the collapse of the tailings dam in Brumadinho, Brazil, which killed at least 84 people and left hundreds missing, 96 institutional investors have been stirred into action.
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News
New lower life expectancy figures trim £20bn off DB liabilities
On the go: Life expectancies at age 65 are around five months lower for both males and females than they were a year ago, at 19.8 years and 22.4 years according to the Continuous Mortality Investigation. The figures come with caveats but are expected to cut £20bn from FTSE 350 defined benefit liabilities.
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News
Regulator reveals 45 per cent rise in dormant pots over 2018
The Pensions Regulator has uncovered a massive rise in the number of dormant defined contribution pots resulting from the introduction of auto-enrolment.
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News
Pension freedoms see more than £7bn withdrawn in 2018
On the go: The UK’s fondness for pension freedoms continues unabated, with £1.9bn withdrawn from pension schemes under flexible pension rules in the fourth quarter of 2018, according to the latest HMRC figures published on Friday.
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News
Health secretary in talks with chancellor over pensions tax relief
On the go: Matt Hancock, the secretary of state for health and social care, is in discussions with the chancellor over the issue of pensions tax relief and the impact it has on GP retention.
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News
Older workers look away from 'cliff-edge' retirement
Almost half of UK workers over the age of 50 prefer to transition gradually into retirement by blending work and retirement, according to a new study
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News
ACA backs further AE reforms despite small employer opt-outs
Smaller employers expect a rise in the number of staff opting out of their auto-enrolment pension as minimum contribution rises bite, research has shown.
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Opinion
Hedging Brexit: An unfortunate necessity for trustees
With less than 100 days to go before the UK leaves the EU, assessment of the investment implications of Brexit should, by now, have been relatively straightforward.