Employers urged to do more than repair DC schemes
WEB1 day ago · Employers should “look beyond just repairing ‘broken’ defined contribution (DC) pension provision", WTW has said. In its white paper, Reimagining Pensions, WTW outlined four strategies for replacing DC pensions with solutions that would, it said, “help employees achieve better outcomes, without employers having to shoulder the risks associated with traditional defined benefit (DB ...
Nearly a third of retirees considering a return to work as living …
WEB1 day ago · 9/10/24. Nearly three in 10 (29 per cent) UK retirees are considering returning to work to cope with rising living costs, according to research by Indeed Flex. The survey of 1,000 Brits aged over 55 revealed that more than half (56 per cent) have had inflationary pressures affect their ability to save for retirement, while a third (33 per cent ...
'Massive chasm' between expectations and reality of retirement
WEB1 day ago · The firm's latest report, The At Retirement Reckoning, highlighted this as indication of a "significant gap" between aspirations and preparation, warning that Gen X savers, aged 43 to 58, were especially at risk. Indeed, while more than half (53 per cent) of Gen X savers were confident they'd have a comfortable retirement, only 12 per cent had ...
DB redress payments continue to fall amid high yields
WEB2 days ago · DB redress payments continue to fall amid high yields. By Sandra Haurant. 8/10/24. Compensation payments due to people who were wrongly advised to transfer out of their defined benefit (DB) pensions have fallen to record lows, according to a quarterly update from Broadstone. Redress payments are intended to …
Pensions Age Magazine - DC and DB corporate pensions news …
WEB6 days ago · Pensions Age is a UK-wide pensions magazine and internet site, offering comprehensive coverage of the financial, regulatory, and management issues facing the UK pensions sector. It focuses on a wide range of professional areas including portfolio management, asset allocation, investment, governance, regulation, administration, legal issues, funding and accounting.
'Story of stability' for DB funding levels - Pensions Age Magazine
WEB2 days ago · By Sandra Haurant. 8/10/24. The aggregate surplus of the 5,050 schemes in the PPF 7800 Index grew to an estimated £476.0bn at the end of September 2024, up only slightly on the £475.0bn reported at the end of August 2024, figures from the Pension Protection Fund’s (PPF) 7800 Index showed. According to …
Welcome // Pensions Age Awards
WEBDeadline for Entries: 01 November 2024. 12th annual Pensions Age Awards: Celebrating excellence within the UK Pensions Industry - organised by Pensions Age. The Pensions Age Awards aim to reward both the pension schemes and the pension providers across the UK that have proved themselves worthy of recognition in these increasingly challenging economic times.
Labour's plans for pensions - what we know so far
WEBJul 5, 2024 · Following the news that Labour has won the 2024 UK general election, Pensions Age takes a look at what we know so far about the party’s plans for pensions. The exact detail on much of Labour’s pension policy is yet to be shared, although the 2024 manifesto provided some insight into the party’s plans, including its pledge to conduct a pensions review to consider what further steps are ...
BPA market set for 'strong' finish to the year
WEBAug 19, 2024 · BPA market set for 'strong' finish to the year. By Paige Perrin. 19/08/24. Despite the defined benefit (DB) pension risk transfer market being a “little quieter” so far this year, Standard Life has said that there is a "strong pipeline" ahead, with over £40bn of bulk purchase annuities (BPA) expected to transact by the end of the year.
2022: The year in review - Pensions Age Magazine
WEBDec 21, 2022 · 2022: The year in review. The holidays are fast approaching and as the nights get longer and the days get colder and it is almost time for some well earnt time off for the industry, now is time to reflect on what has been a very busy year for pensions. All the way back at the start of the year was the publication of the Department for Work and ...