Majority of employees want earlier pension education and more employer support
New research revealed that 67% of UK workers with a workplace pension wish they had learned about pensions earlier in life.
Quilter acquires MediFintech to enhance NHS pension support
This acquisition aims to strengthen Quilter’s support for healthcare workers.
45% of over 65s do not trust AI for financial advice – PensionBee
The survey revealed that 22% of over-65s said there were no benefits of AI, while 10% of under-65s and 5% of 18 to 34 year olds agreed.
Pensioners receive £470 boost to State Pension
The Triple Lock now means the basic and new State Pensions are increasing by 4.1%.
More than half of GPs have missing pension records, finds BMA
The impact of GPs being unable to access accurate and up-to-date pension data means it is impossible to plan for retirement and assess their immediate pension tax position.
Poorly performing small DC schemes hit with fines as TPR tackles poor governance
TPR said it wanted trustees that cannot compete with the industry’s best to think about whether their savers would be better off in a larger scheme.
Aegon gains approval for final LTAFs, unlocking private markets for 700,000 pension savers
The milestone followed confirmation from the Financial Conduct Authority and marked the conclusion of a lengthy design and approval process aimed at enhancing investment outcomes for members of the Universal Balanced Collection.
Titan Wealth acquires Workplace Advice Group
With this acquisition, Titan Wealth's assets under management and advice reach £36bn.
Women’s income typically drops 50% in the year after divorce, finds L&G
The findings pointed to the disproportionate economic hit women take following separation, with longer-term consequences for their financial wellbeing and retirement.
Majority of UK adults underestimate retirement needs as confidence in saving plummets
New research from St. James’s Place shows that UK adults are severely underestimating how much they need for retirement, with just 28% confident they can save enough for a moderate lifestyle.
45% of adults expect to work beyond their State Pension to make up for shortfalls
Phoenix Insights research found widespread financial vulnerability, with a third (35%) of those aged 60 to 65 having no private pension savings at all.
Under half of employers offer salary sacrifice on pensions, research finds
Towergate Employee Benefits found that just 48% of UK businesses offer salary sacrifice for pension contributions, meaning many are losing out on a straightforward way to offset rising employment costs.
