More than eight out of 10 (84 per cent) annuity holders likely to qualify for an enhanced annuity do not have one of these higher-paying products according to new research. The figures,...
Tillit has entered the workplace pension market with a Sipp (self-investment personal pension) product, which offers auto-escalation as standard, in a bid to help employees boost pension pots. Tillit is the first...
Now Pensions is the latest pension provider to become a a signatory to the UK Stewardship Code. The UK Stewardship Code, run by the Financial Reporting Council (FRC) now has 287 signatories,...
The average transfer times for defined contribution (DC) pensions are continuing to fall, according to Origo. Average transfer times fell from 12.3 to 12 calendar days in the 12 months ending June...
Nearly half or 46 per cent of British Steel Pension Scheme (BSPS) members received unsuitable advice, according to the Financial Conduct Authority (FCA). The FCA’s redress scheme aims to ensure that those...
Aviva has appointed Simon Ellis as its new workplace commercial director, taking over from Emma Douglas who previous led the company’s workplace pensions business. Douglas is staying with Aviva, taking on the...
The industry has welcomed the speed at which the government’s pensions review is being implemented, saying its two-stage approach should lead to faster industry reforms. The pensions minister Emma Reynolds is expected...
The Chancellor Rachel Reeves has launched a multi-stage pensions review aimed at increasing the size of pots and tackling waste. The review will be led by the first ever joint Treasury and...
Vitality has revealed a 45 per cent increase in the proportion of members claiming between 2019 and 2023. According to its 2024 Health Claims Report, 42 per cent of people want health...
UK inflation has remained at the Bank of England’s 2 per cent target for the second consecutive month. Some industry experts emphasise the need for careful financial planning due to “sticky underlying...
