Latest inflation hike to hit pensioners, and DB schemes
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...
DB
DB pension scheme funding levels continue to increase
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...
Asset owners re-evaluate ESG strategies in light of Ukraine invasion
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...
Firefighters set for legal action after government fails to remedy pension age inequalities
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...
New campaign seeks to improve public understanding of pensions
The pensions industry is launching a co-ordinated ‘engagement campaign’ designed to increase consumers’ basic understanding of pensions. This campaign, which is being led by the Association of British Insurers (ABI) and Pensions...
PPF looks for more flexibility around industry levy
The Pension Protection Fund is looking to reduce the industry levy in the next few years as its funding levels improve — and may seek legislative changes to give it more flexibility...
Stalled key pension reforms signals crisis – ACA
ACA is calling for action on stalled pension reforms saying that a crisis is brewing ahead. According to ACA's final report of 2021 Pension trends which includes responses from 212 employers of...
‘Flexi-retirement’ trends amid surge in working retirees – abrdn
More retirees are opting for part-time work or working in the gig economy, creating a new 'flexi-retirement' trend, according to abrdn. Abrdn outlines how the 'Class of 2022' plans to spend their...
DWP to consult on new types of CDC this year
The Department of Work and Pension has confirmed it will consult with the industry on new types collective defined contribution schemes later this year. This announcement, made by the pensions minister Guy...
Patrick Heath-Lay: Why a universal annual management charge would be bad for pension savers
SPONSORED COMMENT There’s a distinct possibility that the government might effectively ban combination charging structures when it finally revisits plans to introduce a universal single annual management charge for members of all...
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