The Government has confirmed it will review all public sector pension schemes after a Supreme Court ruling that changes made to the firefighter’s pension in 2015 were discriminatory to younger workers. Government...
Consultancy and administration firm Buck has launched a new digital assessment app for DB schemes trustees and company sponsors. This application will give access to a range of information on how a...
Aon has published an interactive guide for pension schemes and trustees, examining the various defined benefit consolidation options. The paper Defined Benefit Consolidation: what are your opportunities? looks at the various commercial...
The income gap between the wealthiest and poorest pension is growing, with those in the top pension income band now having an average weekly income of almost £1,000. The latest government figures...
Radical change, at least within the financial services sector, tends to happen slowly, and is often the response to external pressure being applied elsewhere. This is particularly true when it comes to the...
Pension freedoms could lead to another major financial scandal, thanks to a dearth of advice on retirement options, coupled with a lack of innovation from the pensions industry. This was the conclusion...
Three out of four advisers say the defined benefit advice market is not working effectively or efficiently, with consumer demand for advice far outstripping current market supply. The survey, by Aegon, found...
The Financial Conduct Authority has announced it will take further action after finding a “concerning” number of advisers recommending transfers out of defined benefit pension schemes. In some cases it said firms...
The Pensions and Lifetime Savings Association (PLSA) has published a new guide for trustees to ensure schemes comply with new environmental, social and governance (ESG) requirements coming into force at the start of...
Recent retirees have incomes that are now 20 per cent higher than older pensioners, according to new government data. Aegon has analysed the Pensioners’ Income Series, published annually by the Department of...
