Legal & General has completed a £1.1 billion buy-in with the SCA UK Pension Plan, securing the benefits of 5,900 retirees and 3,600 deferred members. The sponsoring company, Essity Holding UK Limited,...
The Bank of England has reduced interest rates by 0.25 per cent to 5 per cent, marking the first cut since it was lowered to 0.1 per cent in March 2020. According...
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 trustees are comfortable with employers taker a larger share of any DB surplus than employees, if a scheme runs on, according to new research. In a widespread survey of professional trustees...
The money raised via inheritance tax rose by 4 per cent in the 2021/ 22 tax year according to latest HMRC statistics. Figures show that while a marginally higher proportion of UK...
Pensions cost the Treasury £48.7 billion in the year ending 2023— an increase of £1.1 billion over the previous year, according to analysis of the latest HMRC data. LCP partner and former...
Pension participation remained unchanged at 88 per cent as total annual savings for eligible employees reached a record £131.8 billion in 2023, according to The Department of Work and Pension (DWP). According...
Seven out of 10 people taking flexible payments from their pensions are younger than 65, according to latest data from HMRC. The figures show that £83 billion has been taken in flexible...
The overall funding level for the 87 funds participating in the Local Government Pension Scheme (LGPS) in England and Wales increased from 110 per cent in May to 112 per cent by...
Experts say that the Consumer Duty deadline, which is today, has increased focus on consumer needs and transparent decision-making but they are urging a shift from outdated “zombie” products to better options....
