Pensions & Retirement
Royal London completes BPA deal with the Premdor Crosby Pension Plan
The buy-in covers 181 members and is Royal London’s first deal with BESTrustees as chair of trustees and with WTW on a non-staff scheme.
Pensions & Retirement
Pensions & Retirement
Female retirees less satisfied with retirement income than men, finds Quilter
The research showed this gap stayed even for married couples, with 72% of married men reporting satisfaction, compared to 63% of married women.
Pensions & Retirement
Why the small pot problem could be the solution to the UK’s pension woes
Clare McHenry, head of UK operations at Superchoice, discusses how tackling the UK’s small pot pension problem could be the key to resolving wider pension challenges.
Pensions & Retirement
One in five wealthy over-55s unaware of pension IHT changes, research finds
Research from Charles Stanley found that over half (51%) said they had only heard about the changes but did not know what they meant.
Pensions & Retirement
L&G completes £4.6bn buy-in with Ford pension schemes
The transaction covers the Ford Hourly Paid Contributory Pension Fund and the Ford Salaried Contributory Pension Fund, securing benefits for over 35,000 members.
Pensions & Retirement
PensionBee urges workers to trace lost pensions ahead of National Pension Tracing Day
Lisa Picardo, chief business officer UK at PensionBee, said: “The sooner you take stock and build a clearer picture of your retirement savings, the better."
News
Double pension hit could leave retirees worse off, warns TISA
In its response to the third State Pension Age Review, TISA said policy decisions should not be based on life expectancy alone.
News
Most adults unclear on how inflation impacts savings – Aviva
63% of adults said they had good financial knowledge, and more than half (56%) said they understood inflation, but 73% did not.
Pensions & Retirement
CDC pension schemes set to boost retirement incomes by up to 60%
The new rules are set to benefit millions of workers across the UK by pooling pension savings and providing regular payments for life.
News
Pensions Commission could end cycle of Budget tax speculation, says Pensions UK
In its Budget submission, the group warned that making changes just to fix short-term problems could damage trust in pensions.
News
State pension set for 4.8% rise as wage growth outpaces inflation
This comes after the ONS confirmed the Consumer Price Index (CPI) held steady at 3.8% in September, finalising the triple lock calculation.
News
Climate change could cut pension fund returns by a third by 2050 – Ortec Finance
Research found that if the world fails to make a low-carbon transition, pension fund returns could fall by 33% by 2050 under a high warming scenario.