Broadstone appoints Kelly Parsons as head of DC proposition
Parsons will be responsible for developing the DC pension proposition and enhancing financial education initiatives for members.
State Pension set for £550 increase as earnings outpace inflation – Broadstone
If this rate was maintained in September, Broadstone found the new state pension would go up by £551 to around £12,524 a year from £11,973.
Pension scheme surpluses climb by £10.6bn as funding ratios improve
Sarah Elwine, actuarial director at Broadstone, said: “July saw large gains in equity markets driving some global stock markets to all-time highs, increasing asset values and further solidifying the strong funding positions held by many defined benefit pension schemes."
Private sector employees hit £25.5bn in workplace pension contributions in 2024 – Broadstone
The data, based on the Department for Work and Pensions (DWP) annual survey, showed this was up from the previous high of £25.3bn in 2019.
British Heart Foundation Staff Pension Scheme completes £37m buy-in with Royal London
The scheme covers more than 200 members, including 118 pensioners, their dependants and 85 deferred pensioners.
Retirees face £18,000 annual shortfall between expected income and state pension – Broadstone
The survey also found 26% of retirees aged 40 to 75 said they felt worse off in retirement than they had expected.
Broadstone advises Aviva’s £11m full scheme buy-in for DAC Beachcroft
The scheme trustees and sponsor were keen to work quickly on getting the benefit specification, membership data and investment strategy in a position to approach insurers.
DB scheme funding improves in June amid calmer markets – Broadstone Sirius Index
According to the index, the funding level of the fully hedged scheme increased from 69.3% at the end of May to 70.3% at the end of June.
Knowledge of ‘four pillars of DC retirement saving’ critically low, finds Broadstone
Analysis from Broadstone demonstrated that without greater engagement and understanding, thousands of UK workers could unknowingly drift towards an income shortfall in retirement.
Broadstone expands life insurance services with ExactVAL acquisition
Bill Harris said: “Broadstone’s growth ambitions and high-quality offering in the insurance sector make this an exciting opportunity for ExactVAL."
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."
Railpen transfers third-party pension administration business to Broadstone
The deal covers more than 20 pension schemes and over 110,000 members across the UK.
