News
Employers spend more than 62 hours a year on pension admin, Penfold finds
Employers were spending an average of more than five hours each month managing pension tasks.
Pensions
News
Royal London reports 13% rise in workplace pension new business sales
There were nine bulk purchase annuity (BPA) transactions completed, with £457m in premiums.
News
More than one in four workers rely on unregulated pension guidance – WEALTH at work
A survey of 2,000 workers with defined contribution (DC) pensions found that 28% seek pension support from friends, family, colleagues or artificial intelligence (AI) tools.
News
Three in five unsure of key pension scam warning signs, Standard Life finds
The findings come despite 62% of respondents saying they were confident they could identify a pension scam.
News
22% of adults have less confidence in pensions ahead of IHT change – Standard Life
49% said their confidence in pensions has stayed the same, while 22% said it has dropped since the announcement in the 2024 Autumn Budget.
News
Aviva completes £300m buy-in deal with the Elementis Group Pension Scheme
The deal secures benefits for 4,500 members and covers defined benefit (DB) liabilities.
News
Seven in 10 pension savers want more investment choice, Penfold finds
Members also valued guidance as well as flexibility when making investment decisions.
News
Standard Life enhances Mixed Income Builder tool to offer more personalised retirement planning
The tool now integrates directly with pension details, removing the need for manual data entry and allowing customers to set a personalised income target.
News
TPR opens applications for multi-employer CDC pension schemes
Applications opened today (Friday, 31st July), allowing multiple unconnected employers to establish CDC schemes under a new regulatory framework.
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Royal London completes £208m BPA transaction with the Hickson UK Group Pension Scheme
The deal secures the benefits of more than 1,250 members.
News
Aviva expands access to Tembo mortgage support for workplace pension customers
Aviva said it is part of a commitment to support financial wellbeing, as many employees balance financial priorities and retirement savings.
News
Housing benefit rules discourage pension saving for older renters, says PPI
The report found that 330k pensioners who would be eligible for housing benefit lose or see their entitlement reduced due to private pension income.