Just Group completes £150m buy-in for MGN Pension Scheme
The buy-in covers about 1,300 pensioners and is the first for the scheme.
Two in five UK workers unaware of how much they contribute to their pension
New data from Scottish Widows shows 43% of UK workers don’t know their workplace pension contribution level, with confidence in managing retirement savings also low.
Nine million of pensioners to receive winter fuel payment under £35,000 cap – HM Treasury
The payment will be £200 per household, or £300 where someone is over 80, and paid automatically.
Young men lead in pension investment awareness – Hargreaves Lansdown
Of those surveyed, 51% of men knew their pension was invested, while only 28% of women said the same.
Pension scheme funding levels improves in May as surpluses grow – Broadstone
Chris Rice said: “While markets continue to be volatile, DB pension scheme funding continues to hold steady."
Royal London secures £275m buy-in for Grant Thornton Pensions Fund
Mark Sharkey said: "We hope the scale of this buy-in will further strengthen the appeal of our mutual-led proposition for many more trustee boards in the future.”
Pension pot needed for comfortable retirement drops to £682,000 – Quilter
For a moderate lifestyle, the pot needed was £415,000, while the minimum needs could be met with £28,000.
Aegon enhances retirement platforms with new features
The changes are now live on Aegon Retirement Choices (ARC) and One Retirement.
Government unveils Pension Schemes Bill to boost retirement savings for 20 million workers
In what ministers have hailed as a "transformative moment" for retirement savings, the legislation aims to make pensions easier to manage, deliver better returns, and funnel billions into the UK economy.
TPR welcomes ‘once in a generation’ Bill to improve pension outcomes
Nausicaa Delfas also welcomed the Government’s ‘Workplace Pensions - a roadmap’ document, calling it a strategy for a futureproofed private pensions system.
UK pension assets reach £3.2trn with shift towards bonds – PPI
PPI estimated that 6% of the £3.2trn was invested in UK productive assets such as private equity, property and other alternatives, mainly led by DB schemes.
One in three over-50s miss out on best annuity rates – Just Group
35% of adults aged over 50 bought their annuity from the same provider they used to save with, while 12% were unsure if they had done so.
