Economy

Amid the tumultuous events of the past 12 months, pension fund managers may be forgiven for overlooking the commitments made at the delayed COP26 meeting in Glasgow and at Egypt’s COP27. Yet...

One third of older workers no longer have enough income to cover basic living costs, causing significant numbers to rethink their retirement plans. The research by Working Wise and sponsored by Phoenix...

Six out of the 10 largest DC pension providers have yet to publish 2025 emission reduction targets, seen as a key part of hitting net zero targets. This was one of the...

Pension schemes and asset owners need to interrogate asset managers on their voting record on climate change if they are to meet stretching 2030 net zero targets. Speaking in a panel discussion at...

Advisers are calling for an overhaul for Lifetime Isas, to ensure the benefits meet current market conditions amid fears that some first-time buyers are being hit with unfair penalties. These tax-efficient savings...

Green campaign group, Make My Money Matter has joined criticism of HSBC for ploughing money into fossil fuels and other polluting activities within its ‘sustainable finance’ investments.  The bank has committed to...

The government has refused to commit to honouring the triple lock on pensions ahead of the publication of its medium term fiscal plan, now due on 17 November. Last week the then...

The global economy is “significantly behind schedule” when it comes to meeting 2050 net zero goals, according to new research from a leading asset management. However, despite this bleak assessment, BNY Mellon...

In environment of high inflation of rising interest rates has forced defined contribution (DC) schemes to re-evaluate traditional asset allocations. These schemes are including inflationary pressures in their long-term decision-making processes, with many...

The turmoil in the gilt markets has created an opportunity for some retired drawdown investors to take more money from their pension plans. This is due to the Government Actuary’s Department (GAD)...