UK

Around 62 per cent of DB schemes are now expecting to be fully funded for buyout within the next 3 years, according to XPS Pensions. An XPS Pensions Group survey of over...

Over half of workplace protection advisers says cost pressures on SMEs are their top concern for the forthcoming year.  Research from Canada Life says this concern, cited by 55 per cent of...

WorkLife by OpenMoney has partnered with Smart Pension to offer SMEs more accessible access to low-cost workplace pensions, which they can access at a preferential rate through WorkLife. The partnership offers SME...

Healix Health has appointed Sharon Burgess as its new operations director as it looks at the continued expansion of its corporate healthcare trust business.  Burgess joins Healix from AXA Health where she...

Government plans to extend collective defined contribution (CDC) schemes have received widespread support from the pensions industry, with the Association of Consulting Actuaries calling for this to be a legislative priority over...

Phoenix Group is urging industry leaders to reconsider communication and engagement strategies with ethnic minority customers to bridge the retirement funding gap in communities. New analysis by Phoenix Insights reveals ethnic minorities...

Department for Work and Pensions (DWP) urged to promptly disclose final plans for the new DB funding regime. Two consultations, one conducted by the DWP and the other by the Pensions Regulator...

Fidelity International has appointed Chloe Tron as strategic relationship director. Tron joins from Aviva, where she was a client relationship director, to Fidelity in March 2023. Her background in financial services spans...

The Bank of England has raised interest rates to 4.25 per cent making the rise the 11th consecutive hike since December 2021. Standard Life managing director for customer Dean Butler says: “Today’s...

The average weekly income for retired couples decreased from £817 in 2020–21 to £791 in 2021–22, a decrease of £1,352 annually, according to the latest ONS data on pensioner incomes. Over the...