All Retirement articles – Page 8
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NewsONS data shows drop in deficit payments as life expectancy flatlines
On the go: New data from the Office for National Statistics has revealed a significant drop in defined benefit scheme deficit repayment contributions, while the impact of the pandemic can now be seen in nationwide life expectancy data.
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OpinionPension Awareness Week: It’s time to wake up the ‘sleepwalkers’
Auto-enrolment has been a big success to date. Since 2012, private sector participation has risen by 44 percentage points to 86 per cent of private sector eligible employees.
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NewsPension Awareness Day: Savers still in the dark amid Covid-19 downfall
A roundup of the news marking the 2021 Pension Awareness Day, with £5.3bn lost from over-fifties pension pots during the pandemic, retirement security in the UK declining for the fourth consecutive year, and a new guide launched to help employers and schemes to support members’ financial wellbeing.
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NewsABI calls for govt to 'rethink' normal minimum pension age hike
The Association of British Insurers has called on the government to scrap its “complicated”, “arbitrary” and “confusing” plans to raise the normal minimum pension age “until something fit for purpose” has been developed.
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NewsNumber of workers delaying retirement due to Covid-19 rises
On the go: The number of workers making changes to their retirement plans due to the impact of Covid-19 has increased by more than a quarter to 29 per cent, research from Fidelity International has shown.
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NewsDWP rules out appeal on PPF’s compensation cap ruling
On the go: The Pension Protection Fund will soon start making changes to its benefit structure, since the Department for Work and Pensions will not be appealing the Court of Appeal decision which ruled the compensation cap unlawful.
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NewsPM announces 1.25% levy and dividend tax rise to fix social care
On the go: Prime minister Boris Johnson has set out the government’s long-awaited plans for social care reform, announcing a 1.25 per cent ‘health and social care levy’ and a rise in dividend tax as central elements to cover the costs.
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NewsState pension: Triple lock earnings link suspended for 1 year
On the go: The government has suspended the wages element of the pensions triple lock to avoid a disproportionate rise in the state pension following the pandemic.
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NewsStrike action ‘inevitable’ after employers agree USS reforms
The University and College Union is to ballot its members over industrial action, branding strikes “inevitable” after employers agreed to press ahead with reforms of the Universities Superannuation Scheme.
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NewsNest to invest 5% of assets in private equity
On the go: The government-backed master trust Nest plans to allocate 5 per cent of its total assets to private equity, which is estimated to be worth £1.5bn by the end of 2024.
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NewsSavers can have flexibility while staying in DB schemes, says LCP
On the go: Defined benefit members do not need to transfer out of their schemes to be able to gain more flexibility, as this can be achieved through a pensions increase exchange or a bridging pensions option, a new report from LCP claims.
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NewsPPI to launch pensions framework report by 2022
On the go: The Pensions Policy Institute will be launching its first report providing a picture of trends, issues and outcomes of the UK pensions system in 2022.
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NewsDC providers default funds weather ‘torrid’ 2020
A new report from Punter Southall has revealed the best-performing defined contribution default providers during Covid-19, with Nest and L&G leading in the consolidation phase, Smart Pension topping cumulative performance in the growth phase, and L&G Multi Asset doing best in the retirement phase.
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NewsState pension ‘too low’ to scrap earnings link
On the go: With the state pension still below the 1979 level relative to earnings, it would be unwise for the chancellor to drop the triple lock earnings link, Baroness Ros Altmann has warned.
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NewsAon launches online quiz to explore CDC option
On the go: Aon has launched an online quiz that UK employers and pension scheme trustees can use to explore how a collective defined contribution scheme could meet their future needs.
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NewsOmbudsman criticises Aon, Willis Towers Watson over benefits error
The Pensions Ombudsman, Anthony Arter, has partially upheld a complaint against Aon and Willis Towers Watson over their handling of a benefits estimation error.
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NewsUK ranked low on global pensions index
On the go: Team GB may have bagged an impressive haul of medals at the Tokyo Olympic Games, but the country is considered far from the best when it comes to its pensions system.
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NewsSelf-employed pension contributions rise despite pandemic impact
On the go: Scheme members are paying more into their pensions in 2021 than in 2020, with the largest monthly contributions coming from the self-employed, according to figures from PensionBee.
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NewsPandemic prompts workers to reflect on retirement plans
On the go: In a survey conducted by Wealth at Work, more than half (51 per cent) of UK adults said the pandemic has made them more conscious of the need to save more.
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NewsGender pensions gap continues to widen
On the go: The gender pensions gap has risen to more than £180,000 among people aged above 55, with Covid-19 further widening the gap, according to research from equity release lender More2Life and the Centre for Economics and Business Research.