Tim Gosling: Tackling the small pots issue
The industry response to the publication of the eagerly anticipated report from the Department of Work and Pensions (DWP) about how to tackle the small pots problem only served to underline what...
Economy
Budget 2021: New plans to help pensions schemes invest in green infrastructure
The government will look to create more flexibility for pension schemes to invest in illiquid and infrastructure assets, as part of a Budget pledge to help rebuild a 'greener' economy after the...
Budget 2021: Women owed £3bn in underpaid state pensions
The government is due to refund £3bn to women who have been underpaid state pensions according to the latest documents released by the Office of Budget Responsibility. The figures are contained in...
Budget 2021: Pension LTA frozen until 2026
The Chancellor has confirmed that the pension lifetime allowance (LTA) will stay at its current level of £1.073m until 2026. This announcement came, as Rishi Sunak confirmed that a number of tax...
Budget 2021: workplace pensions boosted by furlough extension
The decision by the Chancellor to extend furlough pay until September is good news for workplace pension and will help protect people’s longer-term savings. The pension industry has welcomed this decision, which...
Business facing negative interest rate in 10 European markets
Businesses in the Eurozone face negative interest rates in 10 European markets, according to the latest data from Raisin. Raisin, which provides a marketplace for those looking to source the best bank...
Pension saving ‘resilient’ through Covid crisis
Auto-enrolment rates remain resilient, despite the financial effects of the pandemic and most recent rise in contributions rates. This was the conclusion of Nest’s latest insight report, whose survey sample includes around...
DB funding improves despite economic turmoil
The funding situation of DB pension in the UK continues to improve despite the challenging economic backdrop. The latest Mercer’s Pensions Risk Survey found the accounting deficit of DB schemes in the...
Industry welcomes plans for a ‘living pension’
The Resolution Foundation has called for a the creation of a ‘living pension’ to help savers understand what they need for an adequate standard of living in retirement. The concept is modelled...
Hymans Robertson to be net carbon zero from 2021
Hymans Robertson has announced ambitious new targets to reduce carbon emissions and ensure the company is net carbon zero from 2021. The pensions consultancy firm also announced a five year pledge: to...
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