DWP Minister reiterates desire for roadmap to pension contribution increases
Sir Stephen Timms MP said he would like to see the Government set out a timetable for increasing pension contributions from their current 8% minimum.
Pension annuity comparison quotes continue to hit new highs in 2024, says iPipeline
In the first six months of 2024, quotes for annuities were up 12%, compared to the same period in the previous year.
Moneyfarm launches Find, Check and Transfer pensions service
The new service aims to allow both new and existing Moneyfarm clients to set up FCT requests to locate their lost or old pension schemes, providing a crucial tool for financial planning and security.
Greggs Pension Scheme completes £100m buy-in with Aviva
Greggs provided additional funding support which facilitated the buy-in, increasing the long-term security of all members’ benefits.
TPR sets out capital release expectations for pension superfunds
The position in the updated guidance aims to support innovation while retaining protection for scheme members.
Young people plan to work part-time in retirement to boost pension savings
Almost half of 18- to 24-year-olds plan to work part-time in retirement, potentially adding up to £88,000 to their pension pots, according to Standard Life.
£106m in redress offered to former British Steel Pension Scheme members
Over £106m in redress has been offered to 1,870 former British Steel Pension Scheme members, with support for more than 6,500 members provided by FOS, FSCS, and the redress scheme.
Delayed retirement likely for millions as UK pension savings gap widens
New research shows 38% of UK adults are not on track for even a minimum retirement lifestyle, with many expecting to work longer due to inadequate pension savings.
Chancellor promises ‘big bang on growth’ with pensions review
Under the plans unveiled by the Chancellor, billions of pounds of investment could be unlocked in the UK economy from defined contribution (DC) schemes alone.
Pensions take centre stage in King’s Speech
The King's Speech highlights the government's focus on pensions, introducing measures to boost retirement savings and improve pension management.
The true cost of retirement: £36,480 per year
HL's Savings and Resilience Barometer finds moderate retirement costs at £25,000 annually for singles and £36,480 for couples, highlighting planning challenges.
Third of independent schools withdraw from Teachers’ Pension Scheme
Since 2019, 580 schools have notified the Department for Education of their intent to withdraw.
