M&G completes £205m buy-in with Huntsman Pension Scheme
WTW acted as risk transfer adviser to the trustee, with Squire Patton Boggs as legal advisers and Mercer as investment consultants.
Retirement confidence lowest among Brits in their 50s – Aegon
Only 33% of people aged 50 to 59 said they felt confident about retiring comfortably, the lowest of any age group.
Aegon urges “possibly unpalatable” action from new Pension Commission
Aegon has called on the newly formed Pension Commission to deliver bold recommendations to the Government, including a significant increase in auto-enrolment contributions for mid- and higher earners. Kate Smith, head of pensions at Aegon, said the Commission must be prepared to make “bold, brave and possibly unpalatable recommendations” if it is to drive real change in pension saving. She welcomed the Commission’s plans to examine pension inequality across key demographics. Smith said: “We’re pleased the Pension Commission will investigate pension inequalities for key groups such as women, the self-employed and ethnic minorities,” adding that this could bring more people
Government revives Pensions Commission to address failing retirement incomes
The revived commission will look at barriers to saving and make recommendations, with a final report due in 2027.
Stephen Field to retire as TfL Pension Fund CEO
Maria Antoniou said: “We are grateful for everything he has done for TfL and the Pension Fund, and we wish him all the very best in his well-earned retirement."
Sole trustees roles reach 42% in DB pension schemes – Hymans Robertson
The research found that most sole trustee appointments were for smaller schemes, with 40% for those with fewer than 100 members.
CISI learning alliance targets major boost for UK business growth
The CISI Growth Unleashed Learning Alliance aims to support education and understanding of the Mansion House Accord.
Wagestream acquires Zippen to boost workplace pension offering
Peter Briffett said: “With Zippen joining the Wagestream Group, we are strengthening our expertise and furthering our mission to help people take control of their financial lives.”
Aegon launches Junior SIPP with no fees until 18
Stephen Crosbie said: “This product is crafted to aid advisers in assisting their clients successfully navigate wealth transfer across generations.”
Women’s pension pots less than half the size of men’s – Royal London
29% of women said they felt confident in combining or transferring pensions, compared to 44% of men.
L&G completes £800m buy-in with Honda Group UK Pension Scheme
Andrew Kail said: “This is another example of L&G’s ability to deliver for trustees, sponsors and members in all market environments."
Unused pension tax can be simplified to help bereaved families, research reveals
Anne Fairweather said: “This report shows that if the government is committed to tax reform of pensions on death, then there are easier ways to do it."
