Inflation hits another 30-year high – industry reaction
UK inflation (CPI) hit a 30-year high as it grew by 6.2 per cent in the year to February 2022, according to the latest figures. The increase means that UK households will...
Pensions
Millions assume minimum AE contributions will provide comfortable retirement
Millions of people making minimum AE contributions believe they are saving enough for retirement, according to new research, despite evidence suggesting this will provide just a basic standard of living. B&CE, the...
Redington profile: Profiting from the ESG paradigm shift
DC schemes have a “once in a lifetime” opportunity to improve member outcomes through smarter deployment of capital, which could also help transform the UK’s economy, while delivering on climate change promises. This...
Sam Brodbeck: Inflation’s drag on our pension allowances
Little has been left untouched by Russia’s invasion of Ukraine. Add to the growing list the British tax system. Because a U-turn on planned rises to National Insurance rates from April must...
DWP confirms triple lock will return next year
Work and Pensions Secretary Therese Coffey has re-confirmed that the Government remains committed to the state pension triple lock for the rest of this Parliament, despite a temporary move to a ‘double...
Regulatory action sees fall in number of advised DB transfers
There has been a significant drop in the number of pension savers who have been advised to transfer out of their DB scheme, according to new FCA figures. These figures were published...
Lack of long-term planning delaying Build Back Better plan
Pension trustees and investment managers are facing significant barriers with aligning their investment strategies to the Build Back Better plan according to Canada Life. According to the Canada Life Asset Management's 'The...
Smaller schemes may struggle to offer CDC under proposed new rules
Proposed regulations for Collective Defined Contribution (CDC) schemes could make it difficult for smaller schemes to offer these new pension arrangements, according to Aon. It says the high bar needed for authorisation...
BSPS members suffer £18m compensation loss – NAO
Members of the British Steel Pension Scheme (BSPS) have lost £18m in compensation according to a report from National Audit Office (NAO). The report called ‘Investigation into the British Steel pension scheme’...
HMRC figures indicate women’s state pension ‘car crash’ – LCP
The number of families claiming child benefit has fallen for the ninth year in a row according to new figures published today by HMRC. According to today's statistics, the number of households...
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Cross industry group calls for public involvement in ‘pensions crisis’
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