DC

The Society of Pension Professionals (SPP) has issued guidance on the new requirements for Defined Benefit (DB) pension schemes introduced by the Pension Schemes Act 2021. DB pension schemes will be required...

LifeSight, WTW's UK DC master trust, has been appointed by Morgan Sindall Group to handle its DC pension scheme, which has around 9,300 members and £420 million in assets. Adviser LCP recommended...

Aviva saw profits rise by 14 per cent in the first half of 2024, driven by growth in its UK workplace business and asset management divisions.  Overall operating profits stood at £875m...

Pension Credit uptake remains stagnant, with around 1.4 million claimants as of August 2024. According to new figures from the Department for Work and Pensions (DWP), this marks a decline of 11,000...

Only 34 per cent of near-retirees state savings accounts will supplement their retirement income, according to Shawbrook. According to Shawbrook study, pre-retirees (ages 55-68) are underutilising retirement savings accounts, with only 34...

Pension schemes driving global warming and nature loss don’t offer ‘Value for Money’ argues Huw Davies senior finance adviser of campaign group, Make My Money Matter. ‘Value’ is a subjective term which...

The Pensions and Lifetime Savings Association has identified funding gaps in the UK economy which present ‘investment opportunities’ for DC pension schemes.  In a new report, the PLSA is urging the government...

The Labour Government will bring forward plans to regulate the ESG rating agencies. Chancellor Rachel Reeves said a new bill will be put before Parliament next year, with the aim of increasing transparency...

The proposed Value for Money (VFM) framework for pension schemes has sparked positive reactions in the industry, as the joint approach turns focus away from cost and towards overall value, which includes...

Pension schemes’ costs, charges, investment performance and service quality will be publicly rated red, amber and green under the new value for money (VFM) framework. The DC pensions framework, created jointly by...