News

The Bank of England's monetary policy committee voted 7-2 in favour of a controversial 50 basis point increase, raising the bank rate to 5.0 per cent, as a response to heightened levels...

Private sector DB schemes have showcased resilience with a mere 3 per cent decline in market value from Q3 to Q4 amid market turbulence, according to an Office for National Statistics (ONS),...

Sticky inflation may cause state pension to increase by a sizable amount in 2024, giving pensioners a big income boost, according to Broadstone. Those receiving a full state pension will now earn £10,600...

The latest inflation data reveals that the headline rate of Consumer Price Index (CPI) stood at 8.7 per cent for the 12-month period ending in May 2023, according to the latest ONS...

Department for Work and Pensions (DWP) review has identified room for improvement in pension transfers as varying approaches complicate regulations. The DWP found that 94 per cent of transfers went through with...

Broadstone has appointed Alex McNiven as business protection specialist. McNiven joins Broadstone from A-One Insurance Group where he was most recently the protection & health insurance manager. He has worked in the...

SEI has appointed Sneha Shah as an executive vice president and head of new business ventures. Shah, who will be reporting to CEO Ryan Hicke, will lead new business and platform identification...

Phoenix Group calls for state pension reforms to prevent poverty from worsening as the state pension age increases. The most recent study from Phoenix Insights a ground-breaking year-long study working with the...

Defined benefit transfers activity has declined significantly in recent months, with the cash lump sums available to those looking to switch falling by around a third over the last year. Analysis by...

Just Group has appointed Dan Ryan to be its director of demographic risk. Ryan has three decades of experience in the insurance industry as a medical demographer, and is well-known speaker on...