Covid increases DB deficits by £50bn
The Bank of England's decision to cut interest rates in response to the coronavirus crisis have driven defined benefit deficits higher, with UK pension schemes facing a funding hole of £166.1bn by...
Pensions
PLSA proposes new ‘at-retirement’ regulations
The Pensions and Lifetime Savings Association (PLSA) is calling for the establishment of a new regulatory framework to help savers with the complex decisions they face accessing their pension at retirement. The...
‘Flawed’ investment pathways could lead to misselling: AJ Bell
AJ Bell CEO Andy Bell has written to the newly appointed FCA chief executive warning proposed investment pathways could potential create a new misselling scandal. In the letter Bell highlights the “consumer...
Larger SMEs failing to promote wellbeing services
More employees working for smaller companies trust their employer to look after them, when compared to those working for larger SMEs, despite the fact these larger organisations are more likely to have...
Cardano appoints new brand director
The Cardano Group has appointed Emma Hill to the newly created role of group brand and marketing director. Cardano runs a number of pension companies including Now: Pensions and Lincoln Pensions in...
UN PRI awards Mercer highest ESG rating
Mercer has earned the highest PRI ranking for its responsible investment strategy. The Principles of Responsible Investment (PRI), which is supported by the UN, is an independent global body dedicated to promoting...
Why LGIM is using Tumelo to give members a real voice
Technology that enables pension scheme members to vote on shareholder resolutions is being piloted by Legal & General Investment Management and is set for wider rollout due to the success of early...
UK’s biggest scheme commits to net zero emissions goal
The BT Pension Scheme - the UK’s largest company pension - will aim for its portfolio to be net zero, in terms of greenhouse gas emissions, by 2035. The new climate...
Smart launches in US
Retirement fintech provider Smart is launches its pensions business in the US today. Smart already offers a master trust in the UK, which now runs over 70,000 retirement plans on it. The...
CDC pension cuts only in ‘1930s-style’ recession: Aon
Only a 1930s-style depression would have caused pension income to be cut under new collective defined contribution (CDC) schemes, according to new research from Aon. The pension consultancy said extensive analysis indicates...
Most Popular
-
Data shows schemes on track to meet scale test by 2030: Master Trust and GPP report
-
Nest allowed to offer full range of drawdown options as regulatory change comes into force
-
Nausicaa Delfas: Industry must act now on workplace pensions
-
Exclusive: Best and worst default funds over past 10 years
-
Cross industry group calls for public involvement in ‘pensions crisis’
-
SEI Master Trust adds two trustee directors and names new chair
