Aviva’s half-year operating profit surges 8pc
Aviva reports an 8 per cent rise in half-year operating profit, driven by soaring demand for private health insurance amid NHS strikes. Workplace reached £100 billion AUM, net flows grew 25 per...
News
Majority of renting households fall short of retirement income goals
Only 18 per cent of renting households are on track to achieve a moderate retirement income, according to new data from the HL Savings and Resilience Barometer for July 2023. This represents...
Nest appoints responsible investment and user experience design experts
Nest Pension has made two appointments to its governance structure, as Minister for Pensions Laura Trott MBE MP reappoints Karen Cham to the Nest Board, while the Board itself appoints Katrina Shenton...
Pension savings constitute less than two-fifths of average retirement income: iSIPP
Pension savings make up less than two-fifths of retirement income on average and that drops to less than a third for single pensioners, according to pension provider iSIPP shows. According to a...
P&O pension scheme benefits secured in £440m buy-in with Rothesay
The P&O Pension Scheme's trustee has reached a £440 million buy-in agreement with Rothesay, securing benefits for 5,300 members. This most recent purchase was preceded by the initial pensioner buy-in, which was...
Client support accessibility key in meeting Consumer Duty: RedArc
Consumer Duty should lead to more proactive referrals for added-value support according to RedArc. Numerous insurance policies now incorporate a range of support services, covering critical illness, mental health, and bereavement, all...
Single savers face £160k savings gap compared to couples: Standard Life
Solo savers require an additional £160,000 in their retirement funds to offset the economies of scale that come from being part of a couple, according to a new analysis by Standard Life....
Long-term sickness absence rises by another 26,000
An additional 26,000 individuals have been classified as economically inactive due to prolonged illness over the last three months, according to recent data from the Office for National Statistics (ONS). The most...
Record 7.8pc surge in wages sparks pension worries
The Office for National Statistics (ONS) today released labour market data that showed regular pay increased annually by 7.8 per cent from April to June 2023 which is the greatest regular annual growth...
Gail Izat: How to support women’s financial wellbeing and help close the gender pension gap
The ongoing cost of living crisis continues to bite Britain’s pension savers. But for women especially, it appears to be having an even bigger impact on their financial futures. This is one...
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