Only 6pc adjust retirement savings amid rising costs: FCA
Around 6 per cent of pension savers, totalling 1.5 million people, chose to reduce their contributions or halt retirement savings in the six months to January 2023 due to the rising cost...
Pensions
TPR urges schemes to adopt ‘midlife MOT’
The Pensions Regulator is urging trustees to offer members a ‘midlife MOT’, to help with future retirement planning. It says schemes should make the most of the resources now available via the...
UK retirees face 19pc surge in expenses: iSIPP
The average retired household needs around £23,675 a year in income but costs drop after pensioners hit 75, according to a new analysis from iSIPP. According to its research of the most...
Nest CEO hands in notice
Helen Dean will step down as the CEO of Nest next year, after almost eight years in the role. Dean, who was awarded an CBE for her services to the pensions industry,...
Nest seeks new fund administration partner
Nest has launched a procurement exercise to award a new contract for its fund administration services. Its current contract, which providers both investment custody and fund administration services expires in October 2025. ...
Pensions savers need £285,000 pot to secure ‘moderate’ standard of living in retirement
Savers will need to accumulate a pension pot of £285,000 to secure a ‘modest’ standard of living in retirement. New analysis by Standard Life, using the Pensions and Lifetime Savings Association’s retirement...
Mercer appoints insurance propositions leader
Mercer has appointed David Morrow to the new role of insurance propositions leader. In this role he will develop and implement Mercer’s investment proposition across Europe, the Middle East and Africa, expanding...
Six out of 10 pensioners could be missing out on state benefits
Almost three out of four pensions have not checked their eligibility for state benefits, because they believe their income or savings are too high. New research from Hub Financial Solutions founds that a...
Gail Izat: 3 ways to boost financial resilience and support employees through life changes
Major life events and economic pressures can have a significant impact on employees’ finances. With the right tools, your clients can help boost their employees’ financial resilience and support them during...
Personalised videos to replace paper annual benefit statements at Heywood Pension Technologies
Heywood Pension Technologies is aiming to improve member engagement by integrating personalised video content into its annual benefit statements. The firm has partnered with Money Alive - a video technology company -...
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