News
Pension Lab removes signatures from LoA process
The new LoA service allows instant verification through modern authentication methods and secure integration.
Pensions & Retirement
Pensions & Retirement
Industry-led approach can deliver small pension pot consolidation by 2030, report reveals
Zoe Alexander at Pensions UK, said: “This Review shows that a practical solution to combine millions of small pension pots is within reach."
Pensions & Retirement
Scottish council pension funds report £60bn surplus – GAD
The Government Actuary’s Department (GAD) found that LGPS Scotland's financial position had improved since 2020, when four funds were in deficit.
Pensions & Retirement
EV highlights long-term benefits of saving during Pension Awareness Week
EV has marked Pension Awareness Week by showing how even small contributions can significantly grow over time, with £1 invested at age 20 potentially worth £23 in retirement.
News
Pension withdrawals surge by 36% to £70.9bn as more savers access pots – FCA
The number of pension plans accessed for the first time increased by 8.6% to 961,575, compared to 885,455 in 2023/24.
Pensions & Retirement
Just Group completes £250m buy-in for the Ultra Electronics Pension Scheme
The deal secures the benefits for over 1,000 pensioners and dependants as well as more than 750 deferred members.
Pensions & Retirement
PensionBee calls for Government action amid Pensions Commission relaunch
PensionBee said current rules still leave many workers out of automatic enrolment, making it hard for them to save for retirement.
News
Aegon targets over one million workplace pension members with Mylo launch
Mylo aims to deliver personalised support through email, SMS, and app nudges, with prompts around contributions, consolidating pots, and retirement goals.
Featured
Only four in 10 working over 60s feel prepared for retirement, research reveals
Research from Just Group into the experiences and attitudes of the ‘Baby Boom’ generation revealed that many approaching and at State Pension age but still working, were not confident about their retirement preparations.
News
Just Group completes £23m buy-in for the Welcome Break Pension Plan
The scheme, sponsored by the Welcome Break Group, covers the benefits of 348 members, including 137 deferred members and 211 pensioners.
Pensions & Retirement
Over half of low pensioners struggle to pay bills in retirement – Living Wage Foundation
40% said they were struggling more now than before they retired, while 36% saw no change in their finances since leaving work.
Pensions & Retirement
Pension administration improving but industry must do more, says TPR
Julian Lyne said: “As the market evolves, trustees must take greater responsibility and accountability for ensuring those improvements happen.”