PensionBee petition for 10-day switch guarantee passes 2,000 signatures
The petition urges the Government to bring the process in line with faster switching arrangements already established in banking and savings.
Government launches independent review into State Pension age
Dr Suzy Morrissey has been asked by the Secretary of State for Work and Pensions to set out recommendations on a framework for future decisions.
Just Group completes £56m buy-in for Brother pension scheme
Just Group has secured the benefits of 679 members of the Brother Staff Retirement Benefits Scheme through a £56m full-scheme buy-in.
Stick to the rules on scheme loans or risk enforcement action, TPR warns trustees
The regulator has said it will continue raising standards of trusteeship through its supervisory approach and forthcoming guidance on what good practice looks like.
Just Group completes £23m buy-in for the ROM Group Pension & Life Assurance Scheme
The scheme was sponsored by ROM Limited, a specialist reinforcement manufacturer within the construction industry.
Pension scheme surpluses climb by £10.6bn as funding ratios improve
Sarah Elwine, actuarial director at Broadstone, said: “July saw large gains in equity markets driving some global stock markets to all-time highs, increasing asset values and further solidifying the strong funding positions held by many defined benefit pension schemes."
Only a third of people aware they can pay into partner’s pension, survey finds
Younger people were more likely to know about the benefit, with 43% of those aged 18 to 34 aware, compared to just 25% of those aged 55 and over.
LPFA appoints Luke Webster to board
Webster said: “My focus will be on supporting the LPFA and helping ensure that we continue to serve the best interests of our members."
Private sector employees hit £25.5bn in workplace pension contributions in 2024 – Broadstone
The data, based on the Department for Work and Pensions (DWP) annual survey, showed this was up from the previous high of £25.3bn in 2019.
Standard Life completes £1.9bn BPA with Sedgwick Section of MMC UK Pension Fund
The transaction covered the benefits of around 6,500 members, all former Sedgwick Group staff.
Everton becomes first premier league club with Living Pension accreditation
Everton is now one of 11 premier league clubs with Living Wage accreditation, and the first to reach Living Pension status.
DB scheme funding hits new highs in July – Broadstone
The fully hedged scheme’s funding rose from 70.3% at the end of June to 70.9% by the end of July, with the deficit dropping to its lowest point since 2022.
