Anders Lundström, the chief executive of MinPension.se — the Swedish pensions dashboard — has first hand experience of the challenges ahead for the UK, as it develops its own dashboard initiative. Although...
Rising inflation could create problems for DB schemes who have discretion to award inflation-linked increases. Aon points out that with inflation rising sharply granting higher payments could add £8bn of liabilities across...
Royal London’s Jamie Jenkins and Smart Pension’s Darren Philp are among six new members appointed to the Pensions and Lifetime Savings Association's (PLSA) policy board. Formed in 2018 this policy board guides...
Canada Life has completed a £172m buy-in of the Nationwide Building Society’s closed DB pension fund. The transaction relates to pensions in the fund’s Cheshire and Derbyshire section and insures the fund...
One in three DB schemes are using the GMP equalisation programme to improve member options available at retirement, according to new research. Aon’s latest ‘Member Options Survey’ shows that a growing number...
Five years after the British Steel Pension Scheme scandal first erupted and an end to the saga is in sight for thousands of steelworkers wrongly advised to give up valuable guaranteed pensions....
Prices rose by 7 per cent a year in March, according to the latest CPI inflation figures released from the Office of National Statistics this morning. This is the highest inflation rate...
The aggregate surplus of 5,215 defined benefit (DB) pension schemes increased to £176.4bn at the end of March 2022 from £133.6bn at the end of February 2022, according to the Pension Protection...
Almost half of all pension funds, insurers and institutional investors holding Russian assets have taken steps to remove these from portfolios, following its invasion of Ukraine. A snap poll of over 418 institutional...
The union representing UK firefighters is preparing further legal action after the government has failed to act on a previous Court of Appeal ruling. In December 2018 the Court of Appeal ruled...
