A cross industry working group has issued new guidance on GMP equalisation, designed to help pension scheme trustees communicate the complexity of these changes to members. This guidance specifically relates to communication...
Only a minority of working adults (44 per cent) feel they understand enough about pensions to make decisions about their retirement, according to new data from the Office of National Statistics. Its...
Three out of four employees don’t have any access to financial education in the workplace, according to new research. The financial wellbeing survey, by Aegon, highlights a shortage of financial education with...
Pension deficits have continued to rise during July, despite the economic lockdown easing, according to the latest data from Mercer. Its Pensions Risk Survey data shows the accounting deficit of the DB...
New best practice guidance has been issued to pension administration to help them navigate their way out of the lockdown. This guidance is provided by the Pensions Administration Standards Association (PASA), and...
The Covid-19 pandemic has had a marked effect on the funding of DB schemes, with a wide gap remaining between the best and worst-funded schemes, according to Aon’s latest accounting report. It...
Companies are warned that they could face fines if they reduce pension contributions, following the removal of government support for these payments. From the start of August, companies with staff on furlough...
Legal & General Investment Management (LGIM) has launched a new secure income funds for DB schemes, which invest in range of assets including infrastructure debt, real estate debt and private corporate debt....
As with several other regulatory initiatives, the implementation of investment pathways has been delayed due to Covid-19. The reform had been due to come into force in August, which would have meant...
The defined contribution pensions market in the UK remains in long-term transition. Factors contributing to this change over the last few years include auto-enrolment, the rapid growth of master trusts as providers...
