UK

The Society of Pension Professionals (SPP) has issued guidance on the new requirements for Defined Benefit (DB) pension schemes introduced by the Pension Schemes Act 2021. DB pension schemes will be required...

LifeSight, WTW's UK DC master trust, has been appointed by Morgan Sindall Group to handle its DC pension scheme, which has around 9,300 members and £420 million in assets. Adviser LCP recommended...

Pension SuperHaven, a new option for turning funds into pensions, is expected to launch soon, with First Actuarial hired to manage its administration. The scheme will manage bulk transfers from cash balance...

Retired women effectively go without a pension for 4.5 months (139 days) each year due to a 37.9 per cent income disparity compared to men, according to TUC. According to TUC’s analysis...

The Pensions Policy Institute has appointed Dr Suzy Morrissey to be its new deputy director.  Morrissey was previously director of policy and research for Te Ara Ahunga Ora Retirement Commission in New...

Schroders Capital has been awarded a £2bn real estate mandate by the Wales Pension Partnership (WPP), a collaboration of the eight LGPS funds in Wales, and one of eight Local Government Pension...

Aegon has launched a 'Red Amber Green' pension transfer comparison service, expanding its partnership with The Pension Lab. The tool, part of a larger digital bulk transfer service, enables workplace members, particularly...

Pension Credit uptake remains stagnant, with around 1.4 million claimants as of August 2024. According to new figures from the Department for Work and Pensions (DWP), this marks a decline of 11,000...

Only 34 per cent of near-retirees state savings accounts will supplement their retirement income, according to Shawbrook. According to Shawbrook study, pre-retirees (ages 55-68) are underutilising retirement savings accounts, with only 34...

The funding position of schemes in the Pension Protection Fund (PPF) remained steady, with the aggregate surplus rising moderately in July.  In total the aggregate surplus of the 5,050 schemes in the...