Superfund Clara-Pensions will take over the £600m Debenhams Pension Scheme, ensuring that 10,400 employees of the former department store will get their pensions paid in full. This is the second pension scheme...
Pension Freedoms, introduced a decade ago, increased retirement flexibility but also added complexity in choosing retirement income options, resulting in a growth in drawdown usage. The industry emphasises ongoing innovation to ensure...
The Department for Work & Pensions (DWP) consultation on its ‘pot for life’ proposals closed in January, eliciting strong industry debate from those in favour and those against. Beyond the theorising, however,...
Do we need to consider the UK’s housing and pensions strategies together? The pattern of home ownership appears to be changing in the UK, with a growing number of retired renters. But could...
Three-quarters or 75 per cent of DC pension savers aged 55 or over want their DC savings to start paying them an income automatically when they retire, according to research from Hymans...
Rothesay has acquired the bulk annuity portfolio from Lloyds Banking Group's Scottish Widows division, marking its sixth venture into in-force annuities. The portfolio, which is estimated to be worth £6bn, includes the...
The Pensions Regulator is undergoing a period of transformation to ensure it remains “fit for the future” according to its chief executive Nausicaa Delfas. In a keynote address at the JP Morgan...
Mercer has boosted its global leadership team with the appointment of Niall O’Sullivan as global solutions chief investment officer. O’Sullivan previously worked for Mercer for more than a decade, previously holding the...
AIG Life's Smart Health service sees rapid uptake among protection insurance plan holders, with over 100,000 uses since launch, a third of which occurred in 2023. Families use the service to avoid...
The aggregate surplus of the 5,050 schemes in the PPF 7800 Index rose to £442.3bn in February 2024 from £425.4bn in January 2024. This marks an improvement from the £381.4bn surplus recorded...
