The Bank of England has kept interest rates on hold at 5.25 per cent — after 14 consecutive rate rises. An additional rate increase was widely anticipated earlier this week, but yesterday's lower-than-anticipated...
Colleagues at Hymans Robertson are mourning the unexpected death of equity member and senior actuary Patrick Bloomfield. Bloomfield had over 25 years of experience within the pensions industry having joined Hymans Robertson...
The government's changes in net-zero goals are unlikely to significantly influence trustee approaches, according to the Independent Governance Group (IGG). Rishi Sunak revised earlier climate commitments, delaying the ban on new petrol...
PASA has provided some updated guidance on GMP (Guaranteed Minimum Pension) conversion. An article from Pasa’s Data Working Group titled, ‘What have we learnt about data requirements for GMP conversion?’, has provided...
Smart Pension has invested £550m in the AMX-DWS global low carbon stewardship fund. The fund is one of the first pooled funds to provide institutional investors with split voting within a pooled...
The first half of 2023 saw buy-in and buy-out volumes reaching record levels, ranking as the second-highest ever for a six-month period, with £21.3bn secured, compared to £26.0bn in the latter half...
Pension Insurance Corporation (PIC) has appointed Andy Moss as an independent non-executive director and member of its audit committee. Moss is a former chief executive officer of the Phoenix Group Life companies,...
Around 42 per cent of all protection policyholders have experienced personal life changes since obtaining their coverage; however, only 19 per cent choose to make adjustments, leaving 23 per cent without updates,...
The Consumer Prices Index (CPI) fell to 6.7 per cent in the 12 months to August 2023, down from 6.8 per cent in July, according to The Office of National Statistics. Food...
Auto-enrolment reforms mean that 18-year-olds are set to gain £150,000 by the time they reach retirement, according to Aegon. The new automatic enrolment extension bill means that instead of waiting until a...
