Schroders has been appointed as a partner by Utmost Life and Pensions (ULP) as it enters the bulk purchase annuity (BPA) market. Schroders will initially manage nearly £400 million of ULP’s annuity...
DB transfer values fell to a record low in mid-January 2025 following a month-end drop in December 2024, according to XPS Group’s Transfer Value Index. The Index hit £142,000 before recovering slightly...
Pension credit claims for the 2024/25 year to date have reached 300,000, according to the Department for Work and Pensions (DWP), surpassing the 251,100 applications received during the entire 2023/24 period. About...
Spectrum.Life has appointed Ian Ranger as head of insurance for the UK and Ireland. Ranger has over 17 years of experience in the protection market having held roles at Canada Life and...
The People’s Pension has appointed Amundi and Invesco to manage £28bn of the master trusts £32bn of assets. State Street Global Advisors had previously run the entire portfolio, but this US-based asset...
DC pension schemes will soon be able to access a new fund structure — the Reserved Investor Fund, or RIF — designed to facilitate investment into illiquid assets such as UK property...
The People’s Pension is calling on regulators to delay the commercial pension dashboard until providers can show simple, directly comparable metrics on investment performance, charges and customers. These comments are in response...
The Continuous Mortality Investigation (CMI) has proposed changes to its Mortality Projections Model, with is due to be released in the second quarter of 2025. The CMI Model, used by pension schemes,...
The Investing and Savings Alliance (Tisa) is calling for greater consistency in pension projection calculations used across different regulatory frameworks. The call for greater regulatory alignment comes in its response to the...
Penfold is that latest provider to offer an allocation to real assets through a new default strategy. Its new default, strategy, has been specifically designed for Penfold by BlackRock. BlackRock has run...
