XPS Pensions Group has bought Royal London's pensions actuarial, consulting and administration services for £4.8m. RL Corporate Pension Services Limited (RLCPS) provides pensions actuarial, consulting and administration services to 150 smaller defined benefit...
The Financial Conduct Authority (FCA) has today launched a Call for Input asking for feedback on its proposed approach to reviewing the Retail Distribution Review (RDR) and the Financial Advice Market Review...
The cost to the government of pensions tax relief was £38.4bn in the 2017/18 tax year, according to latest figures published by HMRC. This figure was £1bn higher than the previous tax...
Latest HMRC figures show that more than half a million people withdrew money from their pension fund last year - the highest number since pension freedom rules were introduced. According to HMRC 539,000...
Auto-enrolment has certainly been successful in boosting contribution levels. Opt-out rates remain low, despite stepped contribution increases, and there are now more than 10m people enrolled in workplace pensions, many of whom...
Environmental, social or governance (ESG) factors have shot up the agenda in the DC pensions sector, driven by regulatory action, political momentum and asset manager product development. But confusion remains over what...
When last year’s Autumn Budget outlined plans to open up patient capital investments for defined contribution (DC) pensions, the reaction from the wider industry was broadly positive but cautious. Some felt the...
The final phase of auto-enrolment contribution increases has just kicked in. For the industry this has been a huge success, bringing over 10 million workers into long term savings for the first...
Q. Bringing together two organisations of the size and scale of Willis and Towers Watson always carried the risk that there would be cannibisation of business. Did this occur? “Cannibalisation did not...
Master trusts have been dominating the headlines, positioning themselves as the easy choice for employers. But are the positive features of GPPs being overlooked? Debating the two different types of workplace pension are:...
