1.4m living below Pension Credit threshold
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...
DC
Only 34pc of near-retirees plan to use savings for retirement income: research
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...
Huw Davies: VFM regulations do not go far enough
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...
PLSA sets out action plan for trustees, pension funds and government to boost investment in UK economy
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...
Reeves announces plans to regulate ESG rating agencies
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...
Industry reaction: VFM framework welcomed but risk concerns raised
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...
Traffic light VFM consultation
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...
Former Nest director and Pension Wise founder joins PLSA as director of policy
The Pensions and Lifetime Savings Association has appointed Zoe Alexander as its new director of policy and advocacy. Alexander joins from Nest, where she is currently director of strategy and corporate affairs....
Growth in retirement business drives profits at L&G Group
Legal & General Group has reported strong growth in its retirement division as part of its half year results. The insurer said it had seen a 6 per cent growth in this...
Majority of retirees in ill-health missing out on higher-paying annuity options
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,...
Most Popular
-
Standard Life appoints managing director of workplace business
-
Hymans Robertson appoints new head of CDC
-
CAPAdata gains FCA authorisation for workplace pension benchmark
-
Aon launches service for smaller schemes targeting run-on
-
Mercer adopts Marsh brand as businesses unite
-
DC master trusts have ‘laggards and leaders’ when it comes to net zero
