All News articles – Page 31
-
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.
-
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.
-
NewsNine out of 10 UK workers have an unclaimed workplace pension, new research warns
Importance of keeping up-to-date with pension pots is highlighted as part of Pension Awareness week.
-
NewsProductive finance: Pension panacea or sticking plaster for UK plc?
Encouraging pension funds to deviate from standard asset classes is nothing new, but is the latest push to encourage productive finance likely to be embraced by the pensions industry, at a time when it has everything to lose, and not that much to gain?
-
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.
-
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.
-
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.
-
NewsFour new scenarios that could act as a ‘tipping point’ in pension industry’s approach to climate change.
The Universities Superannuation Scheme (USS) has teamed up with the University of Exeter to publish research which presents four new climate scenarios that look at shorter-term and realistic horizons to inform investment decision making.
-
NewsDecumulation call for evidence: Communication is key if scheme members are to be more informed
Industry says DWP call for evidence to help savers make informed decisions was overdue but more work is needed to communicate any enhanced options to members.
-
NewsProductive finance consultation on DB investment raises questions around role of 'consolidator'
Although many industry experts backed DB-endgame flexibilities, others expressed concerns about the PPF as a consolidator.
-
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.
-
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.
-
NewsFears over DWP’s plans for central registry to end proliferation of deferred small pots
The PMI and ACA are among industry bodies urging the government to consider a clearing house system.
-
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.
-
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".
-
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.
-
NewsDWP’s DC retirement income consultation receives thumbs up from industry
There has been broad support for theDWP’s consultation on defined contribution (DC), or the so-called Mansion House reforms, particularly in relation to how savers access income in retirement.
-
NewsMansion House surpluses: pie in the sky or route to self sufficiency?
Barnett Waddingham’s assertion that the so-called Mansion House ‘reforms’ would have delivered as much as £50 billion in surpluses to FTSE 350 companies, had the strategy already been in place, received a mixed reception when wereported on it on 21 August.
-
NewsCyber attack is a risk like any other – so manage it
In March, Capita suffered a cyber breach at the hands of the Black Basta ransomware group. Around 90 organisations, including pension schemes such as the USS and Axa, have reported personal information breaches.
-
NewsTPR publishes McCloud guidance on annual benefit statements for public schemes
The Pensions Regulator (TPR) haspublished guidance for public service pension schemes on producing annual benefit statements over the next two years to reflect the McCloud remedy.