This regulator’s latest retirement income bulletin shows average withdrawal rates have risen from 4.7 per cent to 5.9 per cent over between 2016/17 and 2017/18. This has prompted fears that some pension...
New FCA data shows pensions savers have missed out on an estimated £3bn since the introduction of pension freedom rules, by failing to take up guaranteed annuities. This data suggests that nearly...
But the research also found millennials are more confident that their retirement preparations are on track than older workers. It also found employees across all age tend to see 10 per cent...
Murphy, a former chief executive at Virgin Group will take over later this month, when the current chair, Sir Anthony Jolliffe steps down. Murphy has held a number of executive and non-executive...
These comments come in response to the FCA-proposed remedies to improve retirement outcomes in the UK. The investment pathway is one of the first solutions to be proposed by the FCA to...
The ECJ has demanded that the Pension Protection Fund changes its cap on payments, to ensure that workers cannot lose more than 50 per cent of their promised pension. Pension campaigner Ros...
The report says there are issues with the transparency of costs and charges in contract-based and master trust schemes, particularly where there is a commercial link between asset manager and provider. It says...
The FSCP claims there has been a lack of innovation in this area over the past three decades. Its latest discussion paper calls on insurers, regulators and other stakeholders to address this...
New ONS figures show that since 2012, and the start of auto-enrolment, an additional 9.8m people have been enrolled into workplace pension schemes. However over this period, contribution levels of have fallen...
The company’s EBC Pulse survey shows that just more than one in two firms (52 per cent) are optimistic about prospects in the year ahead, up from just 48 per cent six...
