News

Reaching the "comfortable" level of the PLSA Retirement Living Standards requires an annual DC pension payment of 20 per cent for those making £45k or more, according to an analysis by Hymans...

Annuity rates hit 14-year high

Average annuity rates have reached a 14-year high, rising by 52 per cent over the past nine months, according to recent data from Canada Life. According to the data, the break-even point—the...

Sackers appoints new associates

Sackers has hired associates Sam Taylor, Bethan Rowlands and George Carr. Taylor, Rowlands, and Carr will provide trustees and employers with advice on a variety of DB and DC concerns, such as...

Healix expands offering with neurodiversity benefit

Healix Health Services has added a bespoke benefit to its corporate healthcare trust plan to support employees needing professional assessment and treatment for their neurodevelopmental disorders. Healix says its service assists employees in...

Lack of confidence in retirement incomes remain 10 years after AE – research

Participation in workplace pensions increase by nearly 38 per cent since auto-enrolment was introduced 10 years ago but 46 per cent of UK consumers are still not confident that they’ll have enough...

L&G gives LDI trading update

by John Greenwood

Legal & General says it remains in strong health despite the market volatility that has rocked the Liability Driven Investment (LDI) sector and led to emergency Gilt purchases by the Bank of...

FTSE 350 pension schemes’ surplus falls

The accounting surplus of defined benefit (DB) pension schemes for the 350 largest UK-listed companies fell to £5bn at the end of September, according to Mercer’s FTSE350 analysis. Liabilities decreased due to higher...

Smart Pension partners with AXA IM on biodiversity

Smart Pension has partnered with AXA Investment Managers (AXA IM) on the AXA WF ACT Biodiversity fund. Smart Pension chief investment officer Paul Bucksey says: “We are focused on achieving the best...

Benefits firm gets ESG accreditation