Pensions

It has been reported that the Chancellor Rachel Reeves will cut the maximum tax-free cash that can be taken from DC plans to £100,000 in this month's Budget,  in a bid to...

WTW urges employers to move beyond fixing the "broken" defined contribution (DC) pension system and instead proposes four alternative pension designs that could provide better retirement outcomes. Whole-life collective defined contribution (CDC),...

Aviva has completed a £1.5 billion bulk purchase annuity full-scheme buy-in with the Michelin Pension and Life Assurance Plan.  This deal, finalised in September 2024, involves an in-specie transfer of assets. It...

Actuarial number crunchers have calculated the exact amount of money you need  for a happy retirement — and it is £1,700 a month.  In order to deliver this income DC savers need...

RedArc is emphasising the importance of delivering mental health support through specialists ahead of World Mental Health Day on October 10, 2024. The World Federation of Mental Health's theme for this year...

There is a need for clearer communication, improved information and greater use of technology to boost public engagement with private pensions in the UK, according to the Department for Work and Pensions...

The Pensions Management Institute and Schroders have emphasised the need to reform the pension system to provide value for all savers, citing an integrated savings system that includes "sidecar" accounts and early...

The industry has welcomed the DWP's consultation on draft regulations for whole-life multi-employer collective defined contribution (CDC) schemes, highlighting their potential to improve pension outcomes for many workers while stressing the need...

Fidelity International, Mercer, Penny and Pension Lab have joined the industry coalition of potential operators of commercial pensions dashboards, working with government and regulators to help support the launch of multiple dashboards...

The Pensions Management Institute and Schroders are calling for pension savers to be able to access funds early to purchase a first property. This recommendation is a key part of the Lifetime...