News
DWP data reveals 300,000 Pension Credit applications for 2024/25 to date
This is a significant increase compared to the 251,100 Pension Credit applications received during the whole of 2023/24.
Pensions & Retirement
News
Employees have under two months to fill gaps in National Insurance records
A minimum of 35 years of NI contributions is required to receive the full State Pension.
News
M&G secures pension benefits with £111m annuity deal
The transaction was executed through collaboration between the trustees, the sponsor, and M&G, ensuring the long-term security of the members.
Pensions & Retirement
Risk transfer market set for record-breaking growth in 2025 – Hymans Robertson
The market saw significant growth from both small and large schemes, with 10 transactions over £1bn.
Pensions & Retirement
Millennials and Gen Z face increased pension demands due to rising costs – Moneyfarm
With increasing life expectancy and rising costs, young people face the challenge of ensuring their pension pots last.
News
Public sector employer pension contributions far exceed private, data reveals
Six in 10 public sector households are on track for a moderate retirement, while three in 10 are likely to achieve a comfortable retirement.
Lead Story
Self-employed individuals face barriers to mortgages and pensions – FSB
The research found 37% of entrepreneurs are not saving for a pension, primarily due to cashflow problems.
News
Employers urged to raise awareness of state pension deadline – Hymans Robertson
Filling gaps in National Insurance Contributions (NIC) records dating back to 2006 could significantly boost state pension incomes.
News
BAE Systems reports £0.8bn pension surplus with contributions set to fall in 2025
The company contributed £407m to its pension schemes in 2024, including £156m in US schemes.
News
Scottish Widows grows workplace pension assets to £108bn, boosts digital engagement
Scottish Widows is now the UK’s second biggest defined contribution workplace provider, and a top three individual annuities provider.
News
Three-quarters of pensioners report cold homes amid rising energy costs – Age UK
For those with household incomes of £20,000 or less, 35% said their home was too cold most or all of the time.
Pensions & Retirement
Millennials most anxious about retirement savings, despite having most time – Standard Life
Around 66% Millennials are concerned they are not saving enough.