All News articles – Page 30
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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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NewsClimate change: TNFD guidance will support the green aims of pension trustees
The Taskforce on Nature-related Financial Disclosures (‘TNFD’) has published its final recommendations which enable both business and investors to integrate nature into their decision-making.
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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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NewsBBC appeals against High Court ruling
The BBC confirmed there will be no reduction to any pension benefits already built up and nothing will change before the second half of 2024.
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NewsPhoenix Group rakes in £3.2bn BPA business during H1 2023
The owner of Standard Life saw its BPA premiums grow year-on-year from £1.6bn during the first half of last year.
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NewsSavers shrug off cost-of-living crisis to increase 'later-life' savings pots
More people are saving for their retirement, with holidays now further down the list, according to Nottingham Building Society and the DC Investment Forum (DCIF).
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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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NewsFuture of state pension triple lock guarantee is 'turning into a game of pensions poker’
The future of the triple lock has been plunged into further doubt after Labour’s Angela Rayner refused to be drawn on her party's commitment to keeping it.
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NewsPensions Awareness Week: More must be done to make saving for later life relevant
Ten years after it launched Pensions Awareness has helped increase the profile of schemes, but seven days is not enough to help the UK plug its retirement savings gap.
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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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NewsTriple lock: UK earnings surge will push state pension payments up by £900 a year
Average earnings data published by the Office for National Statistics (ONS) for May to July 2023 showed earnings growth of 8.5 per cent, a figure that will be used to set the state pension increase under the triple lock rule.
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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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NewsPension scams cost victims more than £26m - PMI
A freedom of information (FOI) request has revealed that 1,595 pension scams were reported between 2020 and 2022.