Church of England Pensions Board secures £50m financing to grow retirement housing portfolio
The Pensions Board will continue to purchase retirement properties to meet increasing numbers of retiring clergy households.
Men have nearly twice as much pension wealth as women, research finds
This trend was evident across all age groups, but there was a considerable widening of the gap among those moving towards the end of their career.
Pensioners missing meals due to winter fuel allowance cut
Pensioners are missing meals, having to shelter in libraries due to the government’s cuts to the winter fuel allowance Unite has found.
Pensioner numbers set to surge, raising financial pressures on UK workforce
The number of pensioners in the UK is set to grow by 14% over the next decade, according to ONS projections, placing significant strain on public finances and highlighting the need for urgent discussions about pension sustainability.
New pension rules to unlock £160bn in surplus funds for growth and higher member benefits
The government announces reforms to occupational defined benefit pension schemes, allowing £160bn in surplus funds to be reinvested in the economy or allocated to boost member benefits, as part of its growth agenda.
Pension reforms to go further to unlock billions to boost working peoples’ pension pots
Working people are set to benefit from new rules that will give more flexibility over how occupational DB pension schemes are managed.
One in seven retirees to ‘unretire’ due to financial and social needs – Standard Life
7% of retirees aged over 55 have already gone back into work, with a further 2% actively looking for employment.
Brits divided on prioritising ethics or returns in pension investments
Research by digital wealth manager Moneyfarm highlights stark generational differences in attitudes towards ethical investing. Among Gen Z (18–29-year-olds), 86% say they would accept lower returns or work past retirement age to avoid investing in industries they perceive as socially or environmentally harmful. This compares to 73% of Millennials (30–44-year-olds) and just one in three (34%) of the general population. Despite these concerns, 60% of respondents overall prioritise investment returns when selecting a pension plan, compared to 28% who prioritise environmental and climate considerations. Tobacco (44%), alcohol (31%), and defence (25%) are the most avoided sectors, yet a significant 31%
Pensions industry urged to innovate with open data
The pensions industry has been urged to embrace open data to boost innovation, efficiency, and saver outcomes, following the launch of the £600,000 Smart Data Challenge Prize.
Half of over-55s fear running out of money in retirement, study shows
Over-55s are worried about running out of money in retirement and are confused about retirement income options, Oxford Risks found.
WPC launches inquiry to refocus Jobcentres on personalised employment support
The inquiry is the first in a series scrutinising proposals in the Government’s 'Get Britain Working' white-paper.
now:pensions highlights the importance of financial education on International Day of Education
now:pensions stresses the need for financial education to promote better money management and reduce the gender pensions gap.
