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PENSIONS
There are 1244 articles for the PENSIONS category
Almost a quarter (24%) of Brits planning to retire within the next two years have taken no steps to prepare for retirement over the past 12 months, research from Scottish Widows has revealed
Posted: 15/01/2026
The NG Bailey Pension and Life Assurance Plan has completed a £155m buy-in with Pensions Insurance Corporation (PIC)
Posted: 08/01/2026
Cancelling unused direct debits and redirecting these funds into a pension could add up to £37,000 extra in retirement, new analysis by Standard Life has indicated
Posted: 06/01/2026
Almost a quarter (24%) of people in the UK have three or more pensions, a study conducted by Opinium on behalf of Hargraves Lansdown (HL) has found
Posted: 05/01/2026
The trustee of the Peel Ports Final Salary Pension Scheme has completed a £230m buy-in with Pension Insurance Corporation (PIC), securing the pensions of around 2,000 members
Posted: 19/12/2025
The Ridsdale Pension and Death Benefit Trust has completed a £7m full scheme buy-in with Just Group, securing the benefits of 30 members, comprising 22 pensioners and eight deferred members
Posted: 16/12/2025
Less than a third (31%) of people are able to identify the purpose of pension tax relief, Hargreaves Lansdown has revealed
Posted: 08/12/2025
Two CF Fertilisers UK pension schemes have completed a combined £265m buy-in with M&G, securing the benefits of more than 1,350 retirees and deferred members
Posted: 01/12/2025
A £2,000 yearly cap will be put on salary sacrifice pension contributions from April 2029, Chancellor Rachel Reeves announced in the Autumn Budget
Posted: 26/11/2025
Over a third (34%) of people said they don’t know how much they need to contribute to their pensions every year to give themselves a decent income in retirement, Hargreaves Lansdown has revealed
Posted: 11/11/2025
The Cosworth Racing Limited Pension Fund has completed a £96m buy-in with Legal & General (L&G), securing the pension benefits of over 1,000 retirees and deferred members
Posted: 05/11/2025
HMRC repaid more than £48m to people who overpaid tax when they flexibly accessed their pensions in Q3 2025, the latest Government Pension Schemes Newsletter has revealed
Posted: 30/10/2025
Almost a fifth (19%) of high-net-worth individuals (HNWIs) aged 55 and over are unaware that unused private pensions will be liable for inheritance tax (IHT), Charles Stanley research has found.
From 6 April 2027, changes to IHT rules will affect how pension pots are treated upon death, with unused private pensions being included as part of an individual’s estate
Posted: 27/10/2025
Almost three in five (59%) people are concerned about rumoured changes to pension tax-free cash rules in the upcoming Autumn Budget, Nucleus Financial Platforms has found
Posted: 23/10/2025
Two pension schemes sponsored by the UK subsidiary of a US-based retail group have completed two full-scheme buy-in transactions worth around £130m with Aviva, securing the benefits of approximately 600 deferred members and 1,200 pensioners and dependants
Posted: 23/10/2025
M&G has completed a £96m buy-in with an unnamed UK pension scheme, sponsored by a US parent company, securing the pension scheme benefits for over 1,000 members
Posted: 17/10/2025
Fears around additional pension reforms in the upcoming Autumn Budget have led to a 33% increase in SIPP withdrawal requests from Bestinvest’s do-it-yourself investors in September
Posted: 13/10/2025
The trustees of the Ferno (UK) Limited Retirement and Death Benefits Scheme have secured a full scheme buy-in worth approximately £4m with Legal & General (L&G), covering the benefits of around 100 members
Posted: 10/10/2025
Clients are increasingly accessing their tax-free pension allowance to gift to younger generations amid inheritance tax (IHT) changes and Budget speculation, according to Forvis Mazars
Posted: 01/10/2025
The Amtico Company Pension Scheme has completed a £52m full buy-in with Standard Life, securing the benefits of 425 members
Posted: 26/09/2025
The SG Pension Fund has completed a £160m buy-in with Aviva, securing the retirement benefits of more than 1,900 members
Posted: 25/09/2025
Just Group has completed a £23m buy-in with the Welcome Break Pension Plan scheme
Posted: 12/09/2025
Data from Action Fraud has revealed that £17,657,249 in pension savings was lost to fraud in 2024, with individuals losing an average of £33,848 each
Posted: 12/09/2025
The Pandrol Group Pension Scheme has secured a £45m buy-in with Royal London, covering around 200 scheme members
Posted: 10/09/2025
A petition calling to stop inheritance tax (IHT) coming under the scope of pension pots has passed 10,000 signatures within a month
Posted: 04/09/2025
The John Cotton (Mirfield) Limited Retirement Benefits Scheme has completed an £11m full scheme buy-in with Just Group
Posted: 26/08/2025
The ABB Plan has completed a £700m buy-in with Aviva, securing the retirement benefits of more than 4,450 pensioner members and over 2,900 deferred members
Posted: 20/08/2025
The Misys Retirement Benefits Plan has completed a £25m buy-in with Legal & General (L&G), securing the benefits of around 190 deferred and pensioner members
Posted: 15/08/2025
The Helaba Pension and Life Assurance Plan has completed a £36m buy-in with Pension Insurance Corporation (PIC), securing the benefits of all 156 pensioner and deferred members
Posted: 14/08/2025
The WCF Ltd Staff Retirement Benefits Scheme has completed a £7.2m buy-in with Legal & General (L&G), securing benefits for its remaining 122 deferred members
Posted: 08/08/2025
The Sedgwick Section of the MMC UK Pension Fund has completed a £1.9bn buy-in with Standard Life, covering the benefits of all members of this section of the scheme
Posted: 07/08/2025
The National Grid UK Pension Scheme has completed a £900m buy-in with Rothesay, securing the benefits of 7,130 pensioners and their dependants
Posted: 05/08/2025
A quarter (25%) of UK adults have stated that they do not feel financially independent, research by Scottish Widows has found
Posted: 28/07/2025
The Government has confirmed it is proceeding with its plans to include unused pension pots within inheritance tax (IHT) from April 2027 with the publication of draft legislation
Posted: 22/07/2025
The gender pension gap has risen to a "stark" 48%, figures from the Department for Work and Pensions (DWP) have revealed
Posted: 21/07/2025
The Honda Group UK Pension Scheme has completed an £800m buy-in with Legal & General (L&G) Assurance Society Limited, securing the retirement benefits of over 1,700 retirees and over 3,000 deferred members
Posted: 15/07/2025
Almost half (49%) of people have stated that they want to financially support family members in retirement, but just 28% see it as a "realistic aim", Hargreaves Lansdown has found
Posted: 08/07/2025
One in five (20%) baby boomers have described leaving an inheritance as one of their top five goals for retirement, Just Group has revealed
Posted: 07/07/2025
High net worth individuals (HNWIs) are significantly underestimating the amount of money they will need to achieve their desired standard of living in retirement, according to analysis from Saltus
Posted: 04/07/2025
The Molins UK Pension Fund has completed a £249m buy-in deal with Aviva, securing the benefits of over 3,500 members of the scheme
Posted: 03/07/2025
Just over a third (35%) of salaried workers are enrolled in their company’s salary exchange scheme, Scottish Widows has found, warning that the rest could be missing out on a pensions pot boost potentially worth tens of thousands of pounds
Posted: 11/06/2025
The majority of pension savers are not confident they can afford to retire, according to research from Hargreaves Lansdown, which found that just 36% of people surveyed are confident they can afford to retire
Posted: 11/06/2025
The Grant Thornton Pensions Fund has secured a £275m buy-in with Royal London, securing the benefits of around 2,200 members
Posted: 6/6/2025
The Morrisons Retirement Saver Plan has completed a £270m buy-in with Aviva, securing the retirement benefits of over 32,000 deferred members of the RSP Section of the scheme
Posted: 30/5/2025
Six in 10 people "don’t know" their pension is invested, according to a survey by Opinium, on behalf of Hargreaves Lansdown
Posted: 27/05/2025
The trustees of the Andrew Limited Pension and Life Assurance Plan have secured a £63m bulk annuity policy with Aviva, securing the pensions of all 570 scheme members
Posted: 15/05/2025
The AQA Pension Scheme has completed a £120m full scheme buy-in with Rothesay, covering the benefits of all 869 scheme members, including 471 pensioners and dependants as well as 398 deferred members
Posted: 14/05/2025
The Cancer Research UK Pension Scheme has agreed a £280m buy-in with Standard Life, covering the benefits of 2,800 members
Posted: 09/05/2025
The OSG Ship Management (UK) Limited Retirement Benefits Plan has completed a £16m full scheme buy-in with Aviva, covering the defined benefit (DB) liabilities for 53 members from OSG
Posted: 02/05/2025
The Gleaner Pension Scheme has completed a £7.5m buy-in with Aviva, securing the benefits of all 121 members, comprising 26 deferred and 95 pensioner members, and covering all the scheme liabilities.
Posted: 29/04/2025
The College of Law Pension and Assurance Scheme has agreed an £85m buy-in with Royal London, meaning that all scheme liabilities are now fully covered by insurance contracts
Posted: 28/04/2025
The Department for Work and Pensions (DWP) has repaid £804.7m to individuals impacted by historical state pension underpayments
Posted: 24/04/2025
Fifty per cent of UK adults do not know how much they’ll receive in their state pension, Standard Life has found
Posted: 17/04/2025
The South East Water Pension Scheme has completed a £120m buy-in with Just Group, securing the benefits of around 700 pensioner and dependent members and almost 300 deferred members
Posted: 14/04/2025
Rothesay has completed a £105m full scheme buy-in with the Skipton Building Society (2015) Group Pension Scheme
Posted: 09/04/2025
Anglo American Services (UK) has completed a £785m combined buy-in with Legal & General Assurance Society (L&G) for three of its defined benefit (DB) schemes
Posted: 24/3/2025
The Church of Scotland Pension Trustees has completed a £75m multi-scheme buy-in with Just Group, insuring the benefits of 1,500 pensioner and dependant members and 850 deferred members
Posted: 20/03/2025
Standard Life has furthered its strategic partnership with Fidelity International by launching the guaranteed lifetime income plan
Posted: 19/03/2025
The Fuller’s Defined Benefit (DB) Pension Plan has secured a full buy-in with Legal & General (L&G), following recent funding improvements
Posted: 14/03/2025
Standard Life has successfully reunited customers with £50m in lost pension savings within five months of launching its partnership with pension-finding platform, Raindrop
Posted: 12/03/2025
The A Gomez Limited Retirement Benefits Scheme has completed a £4.8m buyout with Aviva following a six-month process
Posted: 10/03/2025
Almost three quarters (74%) of independent financial advisers (IFAs) have re-evaluated the role of annuities in retirement planning following changes made in the Autumn Budget, Standard Life has found
Posted: 10/03/2025
The Inchcape Motors Pension Scheme has completed a £505m buy-in with Legal & General (L&G) Assurance Society, covering the benefits of 2,295 retirees and 5,890 deferred members
Posted: 05/03/2025
An unnamed UK-based asset manager's pension scheme has completed a £111m bulk annuity purchase (BPA) transaction with M&G, securing the benefits of 466 pensioners and deferred members
Posted: 25/02/2025
The 1973 Pension & Assurance Scheme of The Boys’ Brigade has secured a £4.5m full scheme buy-in with Just Group, insuring the benefits of 49 members, comprising 15 deferred members and 34 pensioner members
Posted: 24/02/2025
Retirees could be at risk of spending their pension pots by their late 70s, as a result of the 'lottery effect', Legal & General (L&G) has stated
Posted: 19/02/2025
The Deutz Retirement Benefits Plan has completed a £16m buy-in with Just, securing the benefits of 181 scheme members, including 70 deferred members and 111 pensioners
Posted: 17/02/2025
The Finning Pension Scheme has secured a £250m buy-in with Standard Life, covering the benefits of all 2,170 scheme members
Posted: 14/02/2025
The BAL section of the Tui Group UK Pension Trust has completed a £370m buy-in with Legal & General (L&G) Assurance Society, meaning that all section benefits are now fully secured.
Posted: 12/02/2025
Lufthansa UK Pension Trustee Limited has secured a £120m agreement with Royal London, which insures Lufthansa Group’s three UK defined benefit (DB) pension schemes in one integrated transaction
Posted: 3/2/2025
The Colthrop Board Mill Pension Scheme has completed a £23m buy-in with Aviva, securing the benefits of 69 deferred members and 152 pensioners
Posted: 31/01/2025
The gap between the best and worst paying annuities has increased in recent weeks, mirroring the rise in bond yields, Just Group has found
Posted: 30/01/2025
Higher-rate taxpayers could be missing out on additional pension wealth worth around £97,000 by not claiming additional tax relief via self-assessment tax returns, according to calculations by Interactive Investor
Posted: 29/01/2025
The Sanofi Pension Scheme has completed a £1.4bn buy-in with Legal & General (L&G) Assurance Society Limited, securing the benefits of 4,900 retirees and 5,600 deferred members
Posted: 28/01/2025
Over one in seven (15%) retirees are returning to work or are considering doing so in order to address financial pressures and a lack of pension provision, Standard Life has found
Posted: 28/01/2025
The Rockwool Limited Pension Scheme has completed a £53m full-scheme buy-in with Royal London
Posted: 24/1/2025
Raindrop has retrieved £251m in lost pension pots for customers in 2024, marking a 61% year-on-year increase from £156m in 2023
Posted: 22/01/2025
Pension contributions are not a priority for pension savers until they reach their 50s, Standard Life has found
Posted: 20/01/2025
Holophane Retirement Benefits Scheme has completed a £24m buy-in with Pension Insurance Corporation (PIC), securing the pensions of 95 pensioners and dependants and 74 deferred scheme members
Posted: 17/01/2025
The Compass Group Pension Plan has secured a £1.5bn buy-in with Standard Life, covering the benefits of over 14,000 pensioner members and 11,000 deferred members
Posted: 10/01/2025
C&J Clark Pension Fund has completed a £540m buy-in with Pension Insurance Corporation (PIC), securing the pensions of almost 5,000 pensioners and dependants and over 3,000 deferred policyholders
Posted: 07/01/2025
Just Group has called on retirees to shop around for the best deals after analysis found that the least competitive deals are paying older buyers less than those five years ago
Posted: 06/01/2025
Over four in five (81%) working-age adults have admitted that they don’t know where all of their pension pots are, Raindrop has revealed
Posted: 17/12/2024
The trustee of the Wates Pension Fund, together with Wates Group, have agreed to transfer members' defined benefit (DB) pension benefits to Clara, marking the first superfund transaction with a scheme with an active sponsor
Posted: 13/12/2024
The trustees of an unnamed pension scheme have completed a £17m full-scheme buy-in with Just Group, insuring the benefits of all 54 scheme members
Posted: 11/12/2024
The Hays Pension Scheme has completed a £370m buy-in with Pension Insurance Corporation (PIC), covering the benefits of 853 pensioners and dependents and 3,368 deferred members
Posted: 10/12/2024
Homeowners in England and Wales could almost double the amount of money they have on hand for retirement by using their property wealth, research by Legal & General (L&G) has found
Posted: 09/12/2024
The Avimo Pension Scheme has completed a £50m buy-in with Rothesay, securing retirement benefits of all 611 scheme members, including 416 pensioners and dependants and 195 deferred members
Posted: 04/12/2024
The Wednesbury Pension Scheme has completed a £43m buy-in with Just Group
Posted: 26/11/2024
Over a third (35%) of over-55s have said they do not believe they will be able to afford the retirement they want, Oxford Risk has found
Posted: 26/11/2024
The National Grid Electricity Group part of the Electricity Supply Pension Scheme has completed a £1.7bn buy-in with Aviva
Posted: 25/11/2024
The New Crown Motor Sales Limited Staff Pension Scheme has completed a £2.2m buy-in with Just Group, securing the benefits of 36 members
Posted: 22/11/2024
Three in 10 (30%) people approaching retirement are unaware of whether they’ll be taxed on their retirement income, Shawbrook Bank has revealed
Posted: 20/11/2024
The trustee of the G4S Pension Scheme has completed a £1.8bn full buy-in with Just Group, covering the benefits of around 22,500 members
Posted: 15/11/2024
Three in five UK adults (60%) are not confident they will have enough money to live comfortably in retirement, new research by Nucleus Commercial Finance has indicated
Posted: 14/11/2024
An unnamed defined benefit (DB) pension scheme has completed a £20m buy-in with Utmost Life and Pensions
Posted: 14/11/2024
Natwest Group has agreed a buy-in transaction with a third party insurer, with around a third of the main section of its defined benefit (DB) pension scheme now covered by insurance policies
Posted: 08/11/2024
The West Bromwich Building Society Staff Retirement Scheme has completed a £70m buy-in with Canada Life, securing the benefits of all uninsured scheme members, including around 490 deferred members and 400 pensioner members
Posted: 06/11/2024
Iress has added Scottish Widows’ new income protection (IP) product to its intermediary platform
Posted: 06/11/2024
The Armfield Limited Pension and Life Assurance Scheme has completed a £7m buy-in transaction with Just Group, securing the retirement benefits of the scheme's 24 pensioners and 15 deferred members
Posted: 1/11/2024
The St Modwen Pension Scheme has completed an £18m full-scheme buy-in with Just Group
Posted: 31/10/2024
Aspen Bridging has completed a £3m bridge-to-let deal for the purchase and renovation of a block of 13 flats in Bath, Somerset, in under a month
Posted: 30/10/2024
The Deutsche Bank Pension Scheme has completed a £1.1bn full buy-in with Legal & General (L&G), securing the retirement benefits of around 4,000 members
Posted: 29/10/2024
A third (33%) of retirees have said they don’t have enough money to live a comfortable life, Rathbones has found
Posted: 28/10/2024
HMRC repaid more than £44m to people who overpaid tax when they flexibly accessed their pensions in Q3 2024, the latest Government Pension Schemes Newsletter has revealed
Posted: 24/10/2024
More than two thirds (69%) of UK adults believe retiring in your sixties will become a ‘thing of the past’, according to a survey from Canada Life
Posted: 18/10/2024
The UK is on the "brink of a retirement crisis", with just 15% of UK workers setting clear financial goals and budgets for retirement, Barnett Waddingham has revealed
Posted: 10/10/2024
The Michelin Pension and Life Assurance Plan has agreed a £1.5bn full-scheme buy-in with Aviva, covering the retirement benefits of around 15,000 members of the scheme
Posted: 10/10/2024
Over half (55%) of UK adults with living parents are currently supporting or expect to support their parents financially in their retirement, Aegon has found
Posted: 08/10/2024
Thirty-eight per cent of British millennials are relying on money from their parents to help fund their own retirement pot, Moneyfarm has revealed
Posted: 08/10/2024
The Retreat York Pension Scheme has agreed a £30m full scheme buy-in with Royal London, securing the benefits of 202 pensioners and 108 deferred members
Posted: 04/10/2024
Half (50%) of Brits have never spoken to financial advisers when discussing their retirement plans, Killik & Co. research has revealed
Posted: 02/10/2024
Almost one in five (19%) people with multiple pensions believe they have lost track of at least one pension pot, Standard Life has found
Posted: 01/10/2024
Almost three in five (59%) millennials in the UK have said their current life stage means they struggle to save for retirement, Phoenix Group has revealed
Posted: 30/09/2024
The number of individuals accessing their pensions for the first time without taking regulated advice continued to increase in 2023/24, the latest data from the Financial Conduct Authority (FCA) has shown
Posted: 26/09/2024
The Merseyside Pension Fund has completed a £200m buy-in with Aviva, securing the benefits of around 2,500 scheme members, attributable to Arriva Merseyside Ltd
Posted: 18/09/2024
Over a quarter (28%) of the baby boomer generation have said that they have not ring-fenced money to fund any care they may need and still leave their family some inheritance, Charles Stanley has found
Posted: 17/09/2024
The majority of UK adults have stated that they have moderate expectations for their pension returns, a new survey by PensionBee has revealed
Posted: 16/09/2024
Pension savers are calling for increased support from the government, with over 80% in favour of the creation of clear saving benchmarks to meet at specific milestones, a survey from PensionBee has found
Posted: 11/09/2024
The state pension is set to rise by £460 a year from next April, after the latest labour market data revealed that average wages including bonuses rose by 4% over the past year
Posted: 10/09/2024
The UK’s pension risk transfer (PRT) market is on track for one of its largest years ever, Legal & General (L&G) has said, after its analysis found that full-year volumes across the UK market are likely to exceed £40bn in 2024
Posted: 06/09/2024
Increasing the minimum auto-enrolment (AE) contributions could boost savers’ pension pots by £217,000, analysis from Standard Life has revealed
Posted: 03/09/2024
Legal & General (L&G) has appointed fintech and open finance firm Moneyhub as its qualifying pensions dashboard service technology provider
Posted: 02/09/2024
One in five (20%) Brits over the age of 55 have consistently spent more than they expected to during their retirement so far, PensionBee has revealed
Posted: 27/08/2024
Around 3.1 million pensioners could be brought into the higher or additional rate tax band by the 2027/28 tax year due to the Government’s frozen income tax thresholds, Quilter's analysis of freedom of information data from HMRC has revealed
Posted: 23/08/2024
Scottish Widows has presented the Government with a "unique opportunity" to lower the pension auto-enrolment age, which could see almost £50,000 added to pension pots
Posted: 22/08/2024
Starting pension contributions at the age of 27 could result in losing £54,000 in retirement, compared to those who start investing at the age of 22, Standard Life has found
Posted: 21/08/2024
Thirty-nine per cent of pensioners have regrets about decisions they have made for their retirement, research by Hargreaves Lansdown (HL) has found
Posted: 20/08/2024
Thirty-seven per cent of UK adults are using an individual savings account (ISA) to save for retirement, rising to 62% among those aged 55-64, research from LV= has found
Posted: 16/08/2024
There is a “shock in store” for high-earning households as only 39% are currently on track for a comfortable retirement income, according to analysis by Hargreaves Lansdown
Posted: 12/08/2024
An unnamed pension scheme has completed a £47.5m buy-in deal with Canada Life, covering 355 deferred and 207 pensioner members
Posted: 09/08/2024
The BPT Retirement Benefits Scheme has completed a £20m full scheme buy-in with Aviva, securing the benefits of 49 deferred members and 50 pensioners
Posted: 08/08/2024
Today's round up of developments coming out of the consumer finance space, featuring Spring Finance, Mansfield Building Society and Fintel IQ
Posted: 02/08/2024
The SCA UK Pension Plan has completed a £1.1bn buy-in with Legal & General (L&G) Assurance Society, securing the benefits of 5,900 retirees and 3,600 deferred members
Posted: 02/08/2024
The Moog Retirement Benefits Plan has completed a £25m buy-in with Just Group, covering the scheme's remaining 28 deferred members and 139 current pensioner members
Posted: 01/08/2024
The trustee of the Greggs plc 1978 Retirement and Death Benefit Scheme has secured a £100m buy-in deal with Aviva, covering the majority of the scheme’s liabilities
Posted: 31/07/2024
Changing the way pensions are taxed could increase the amount the Government can invest in UK growth by over £20bn a year, potentially adding up to £100bn over five years, analysis from Hymans Roberston has revealed
Posted: 29/07/2024
More than half (54%) of UK retirees expect to work longer than they would like, by an average of seven years, Scottish Widows has revealed
Posted: 23/7/2024
One in five (20%) employed people do not have a pension, as the cost of living continues to affect later life savings, Flagstone has revealed
Posted: 16/07/2024
More than one in five (22%) workers have said they have never heard of salary sacrifice for their pension, Scottish Widows has revealed
Posted: 15/07/2024
The trustees of the Institution of Civil Engineers (ICE) Staff Retirement Benefits & Life Assurance Scheme have completed a £35m full scheme buy-in with Aviva, covering the benefits of all 300 members of the scheme
Posted: 10/07/2024
The Leprosy Mission Central Pension Scheme has completed a £21m buy-in with Legal and General, insuring the benefits of 197 retirees and 88 deferred members
Posted: 05/07/2024
The Menzies Pension Fund has completed a £260m buy-in with Just Group, securing the benefits of around 3,000 members, including almost 1,400 pensioners and over 1,650 deferred members
Posted: 04/07/2024
The NSK Pension Scheme has completed a £309m buy-in with M&G, securing the defined benefit (DB) pension liabilities for around 3,700 members of NSK’s UK pension scheme
Posted: 02/07/2024
The Rolls-Royce & Bentley Pension Fund has completed a £880m full scheme buy-in with Standard Life, securing the benefits of around 6,000 members
Posted: 28/06/2024
The trustees of the European Metal Recycling Limited Pension and Life Assurance Scheme have completed a £33m buy-in with Aviva, covering the defined benefit (DB) pension liabilities of 217 deferred and pensioner members
Posted: 26/06/2024
A quarter (24%) of UK adults have said they expect to keep working past the state pension age, Phoenix Insights has found
Posted: 26/06/2024
People renting in retirement could need an additional £391,000 in savings, compared to those who have paid off their mortgage, Standard Life has revealed
Posted: 25/06/2024
Just over half (52%) of Brits with a defined contribution (DC) pension are confident they will have a comfortable retirement, Barnett Waddingham has found
Posted: 24/06/2024
Over a quarter (28%) of UK adults have said that they don’t know how much income they will need in retirement, Scottish Widows has revealed
Posted: 19/06/2024
Almost nine in 10 (87%) voters have expressed a desire for the next Government to conduct a comprehensive review of the pensions and retirement savings system, PensionBee has found
Posted: 17/6/2024
The Medical Protection Society Pension Scheme has completed a £125m buy-in with Rothesay, securing benefits for all 618 scheme members, comprising of 174 pensioners and dependants and 444 deferred members
Posted: 14/6/2024
Almost one in 10 (8%) retirees who withdrew from their pension between the age of 55 and leaving full-time work have said that they regret the decision, Just Group has found
Posted: 12/06/2024
The pensions industry has expressed its relief following reports that Labour has dropped plans to reintroduce the lifetime allowance (LTA) if elected, as a result of industry concerns around the uncertainty for savers and the complexity involved
Posted: 10/06/2024
House prices have climbed by 67% over the last decade at a time when people on pension incomes have received minimal increases in real standards of living, new analysis by more2life has shown
Posted: 10/06/2024
Pension savers increased their average quarterly contributions by 63% in the first quarter of 2024 compared to Q4 2023, PensionBee has found
Posted: 06/06/2024
Two unnamed pension schemes have completed a £85m buy-in with Canada Life, securing member benefits across the two schemes for a total of 189 pensioners and 87 deferred members
Posted: 05/06/2024
A pension pot of £1.3m is now required to fund a comfortable early retirement at 55-years-old, interactive investor has revealed
Posted: 05/06/2024
Almost three in 10 (28%) retirees over the age of 55 have withdrawn money from their pension before they retired, Just Group has found
Posted: 04/06/2024
Over seven in 10 (71%) UK adults believe the Government should set out a plan to increase the minimum auto-enrolment pension contribution rate, Phoenix Group research has found
Posted: 31/05/2024
Almost half (48%) of UK adults under 66 years old have said they do not know when they will receive their state pension, AJ Bell has found
Posted: 30/05/2024
Just over a third (36%) of people know that their pension is being invested in the stock market, Hargreaves Lansdown (HL) has found
Posted: 29/05/2024
The Conservative Party has announced plans to increase the tax-free pension allowance through a ‘triple lock plus’ if they remain in power following the general election
Posted: 28/05/2024
The ICI Pension Fund has completed a £900m buy-in with Legal & General Assurance Society (L&G), securing the benefits of over 7,000 retirees
Posted: 24/05/2024
Just under two in five (38%) Brits are either unsure or underestimate the total pension pot size that is required to achieve their desired retirement income, PensionBee has found
Posted: 23/05/2024
Almost two in five (38%) of people have said that they are not sure or do not know where their pension savings are held, Hargreaves Lansdown (HL) has found
Posted: 20/5/2024
Over three in five (61%) UK homeowners have expressed an interest in releasing money from their home in later life in order to meet a range of financial needs, the Equity Release Council (ERC) has found
Posted: 17/5/2024
Nearly half (45%) of adviser’s clients believe they will retire earlier with the support of advisers, compared to those who did not, Investec Wealth and Investment has found
Posted: 15/05/2024
The Norgine Limited Retirement Benefits Scheme has secured a £28m full buy-in with Canada Life, securing the retirement benefits of 308 members, including 152 deferred members
Posted: 14/05/2024
Two in five (40%) current UK retirees would have done something differently in how they approached their retirement, research from Canada Life has found
Posted: 07/05/2024
Taking 10 years out of work in your fifties could result in missing out on just short of £100,000 in retirement, Standard Life has found
Posted: 01/05/2024
Over two in five (41%) self-employed people do not pay into a personal pension, CMC Invest has revealed
Posted: 29/04/2024
The John Graham (Dromore) Limited Pension and Life Assurance Scheme has completed a £16m buy-in with Legal & General (L&G) Assurance Society, securing the benefits of 172 retirees and deferred members
Posted: 29/04/2024
Over three in five (62%) retirees left the workforce before the state pension age of 66 years old, Just Group has found
Posted: 29/04/2024
HM Revenue and Customs (HMRC) has repaid a record amount of £198m in the latest tax year to those who have overpaid tax on flexible pension withdrawals
Posted: 26/04/2024
Single pensioners require £277,500 more in their pension pot in order to secure a moderate standard of living in retirement, research by Standard Life has revealed
Posted: 25/04/2024
Almost half (46%) of UK adults with pensions have not considered who should inherit them, Canada Life has found
Posted: 24/04/2024
Over half (57%) of pensions accessed for the first time in the 2022/23 financial year were fully withdrawn, NFU Mutual has found
Posted: 17/04/2024
Nearly £2bn has been lost from pension savings since 2019, new data from the Financial Services Compensation Scheme (FSCS) has revealed
Posted: 17/04/2024
Over half (53%) of savers have said they see the move towards a pot for life as a positive change to the UK pension system, Barnett Waddingham has revealed
Posted: 16/04/2024
Retirees have an average £131,000 in retirement savings, despite hoping to save £250,000 into their pension pots, Standard Life has found
Posted: 11/04/2024
More than one in 10 (11%) of Generation X (born between 1965-1980) are paying more than the new state pension amount to care for family and friends, Just Group has found
Posted: 09/04/2024
The Epson (UK) Limited Pension Scheme has completed a £60m buy-in with Just Group, securing the benefits of 113 pensioners and 289 deferred members
Posted: 08/04/2024
Upping investment or pension contributions in line with inflation can increase the size of saving pots by up to £124,000 over 40 years, interactive investor has found
Posted: 08/04/2024
Only a third of high net-worth-individuals (HNWIs) have contributed more than £40,000 to their pension fund, 12 months after the allowance was increased to £60,000, Saltus has found
Posted: 05/04/2024
Forty-seven per cent of Gen Z are planning on moving to part-time work as they approach retirement in a bid to boost their retirement savings, research by Standard Life has indicated
Posted: 04/04/2024
The Energizer UK Pension Plan has completed a £44m full buy-in deal with Just Group, securing the benefits of all scheme members, including 409 pensioners and 358 deferred members
Posted: 03/04/2024
The gap between the poorest and richest single pensioners has increased "considerably" over the past decade, Broadstone has found
Posted: 03/04/2024
De Beers UK Pension Scheme has completed an £870m full buy-in with Pension Insurance Corporation (PIC), securing the pensions of 1,464 current pensioners and 473 deferred members
Posted: 02/04/2024
Over a third (34%) of adults have stated that the cost of childcare has stopped them from saving for their retirement, Phoenix Group has found
Posted: 02/04/2024
The trustee of the 2013 Next Group Pension Plan has completed a £510m full scheme buy-in deal with Pension Insurance Cooperation (PIC), fully insuring the pension liabilities of over 3,600 pensioners and deferred policyholders
Posted: 26/03/2024
Just under two fifths (39%) of savers are on track for a moderate retirement income, although some savers, particularly higher earners and homeowners, are doing better than average, according to Hargreaves Lansdown’s latest savings and resilience barometer
Posted: 25/03/2024
M&G has agreed its third bulk purchase annuity (BPA) deal since re-entering the market in 2023, signing a £309m premium on 15 March 2024
Posted: 22/03/2024
Almost three quarters (74%) of 18 to 34-year-olds have maintained their pension contributions despite the rising cost of living, according to a survey by Brown Shipley
Posted: 19/03/2024
Over £50bn in pension savings are at risk of being misplaced in abandoned accounts or scattered across multiple lost pots, PensionBee has found
Posted: 19/03/2024
Almost half (44%) of British people believe they will retire by their current retirement age, despite many not having a clear financial plan in place, according to research by SmartSave
Posted: 15/3/2024
One in seven (14%) retirees have returned to work, as their pension pot is not sufficient enough to fund retirement, Standard Life has found
Posted: 14/3/2024
The pension scheme for an unnamed engineering and construction company has agreed a £37m buyout with Just Group, securing the retirement benefits of 34 pensioners and 132 deferred members
Posted: 14/3/2024
Nearly half (48%) of pension savers are concerned that their savings will not last them through retirement, Investec Wealth and Investment (UK) has found
Posted: 13/3/2024
Almost a quarter (23%) of women aged between 22 and 29 would be frustrated if they could not retire by the time they reached 60, research from Scottish Widows has found
Posted: 11/03/2024
Just over 11 million savers have been newly enrolled into a workplace pension since auto-enrolment (AE) was introduced in 2012, data from The Pensions Regulator (TPR) has shown, as it announced plans to boost its employer compliance efforts
Posted: 05/03/2024
Almost three quarters (73%) of pension savers in the UK said they would consider opting for a ‘pot for life’ pension, PensionBee has found
Posted: 4/3/2024
A quarter (25%) of retirees aged between 55 and 64 are unaware of the option to defer their state pension, Just Group has found
Posted: 27/02/2024
Standard Life and Fidelity International have announced a strategic partnership with the forthcoming launch of the Standard Life Smoothed Return Pension Fund
Posted: 26/02/2024
Over seven in 10 (71%) financial advisers said that their clients’ biggest concern is outliving their pension savings, NextWealth has found
Posted: 22/02/2024
More than three quarters (77%) of adults in the UK do not feel confident about accessing their pension savings, research from Standard Life has found
Posted: 20/02/2024
The number of female widows who are over the age of 80 is over four times that of the number of male widows in the same age group, raising "important questions" for couples about their later life financial preparations, Just Group has said
Posted: 20/02/2024
Most people will now have to work longer or contribute more to their pension in order to maintain the same level of the Pension and Lifetime Savings Association's (PLSA) retirement living standards (RLS), Hymans Robertson has found
Posted: 19/02/2024
Retirees waiting until later in life to purchase annuities are most at risk of missing out on extra lifetime income by failing to shop around, Just Group has found
Posted: 19/02/2024
Less than half (47%) of pension savers reviewed their pension scheme in the past year, with just under a fifth (18%) regularly reviewing their pension, research from Investec Wealth & Investment has revealed
Posted: 16/02/2024
Over a third (38%) of retirees have admitted they did not check their state pension forecast before they retired, Just Group has found
Posted: 13/02/2024
Forty-five per cent of UK adults between the ages of 45 and 54 have said that retirement planning is easier in a long-term relationship, research by Phoenix Insights has found
Posted: 12/02/2024
A single person must have a pension pot of £738,000 in order to achieve a comfortable retirement, Quilter has found
Posted: 07/02/2024
One in 10 (11%) of Gen Xers are financially supporting elderly relatives with care costs, paying on average more than the yearly state pension, Just Group has found
Posted: 06/02/2024
Almost a third (31%) of Gen X (people aged between 42-57) are uncertain about when to retire, compared to a fifth (19%) of baby boomers and older generations (aged 58 and over), Standard Life has found.
Posted: 06/02/2024
People aged between 45 and 54 would need around six times their current savings to achieve a comfortable retirement living standard, Phoenix Group has found
Posted: 30/01/2024
The UK's ageing population has been driving up demand for retirement advice, research from NextWealth, sponsored by Aegon, has found, with more than two thirds (67%) of advisers reporting a change in demand for retirement advice as savers live longer
Posted: 26/01/2024
Fewer than one in 10 (9%) over-65s feel confident about managing their retirement finances, spelling potential uncertainty ahead for thousands of retirees, according to Standard Life
Posted: 25/01/2024
The iPSL Section of the Unisys Payment Services Limited Pension Scheme and the Unisys Public Sector Pension Scheme have completed a £300m full scheme buy-in with Standard Life, covering the retirement benefits of around 2,400 scheme members
Posted: 24/01/2024
Only three in 10 (30%) high earners are on track for a comfortable retirement, Hargreaves Lansdown has found
Posted: 22/01/2024
Parents could face a £183,000 pension saving shortfall after taking time out of work to raise children, research from Royal London has found, with gender imbalances continuing to have a costly impact on retirement savings
Posted: 22/01/2024
More than two thirds (69%) of savers would prefer their employer pick their workplace pension, increasing to 85% among those aged over 55, research from the Pensions and Lifetime Savings Association (PLSA) has revealed
Posted: 19/01/2024
Half of firms (49%) offering retirement advice are seeing an increase in demand for their services because of changes in pensions tax allowances, new research from NextWealth commissioned by Aegon UK has indicated
Posted: 18/01/2024
The average pension transfer time increased by 17% over the three years to 2023, rising from 10.7 days in 2020 to 12.5 days last year
Posted: 17/01/2024
Over one in five (21%) of younger people in Britain have said they have greater consideration for how much money they need to live on due to high inflation, Standard Life has found
Posted: 16/01/2024
Concerns over savers’ retirement adequacy have grown, after analysis from Hargreaves Lansdown found that retirement resilience has dipped and is expected to fall further in 2024 as house prices continue to fall and asset values do not rise in line with inflation
Posted: 16/01/2024
Nearly half (49%) of Brits who are not already retired, representing around 19.2 million savers, plan to work beyond state pension age (SPA), research from Canada Life has revealed
Posted: 15/01/2024
Just Group has urged retirees to double check the pension benefits they are entitled to, after finding that eight in 10 (79%) pensioner homeowners are failing to claim
Posted: 09/01/2024
The CP Pharmaceuticals Limited Pension Scheme has secured a £28m full buy-in with Just Group, securing the benefits of all 317 previously uninsured scheme members
Posted: 04/01/2024
Nearly a third (30%) of people aged between 45 and 54 believe visualising what they want their retirement to look like is the best motivation for retirement saving, research by Phoenix Insights has found
Posted: 02/01/2024
Almost one in seven (15%) people in the UK said that preparing for retirement has impacted their mental health, Standard Life has found
Posted: 19/12/2023
Over half (52%) of Gen X said they are not confident that they will have enough money saved to achieve a good standard of living after finishing work, Just Group has found
Posted: 19/12/2023
The trustees of the Westminster Abbey 1972 Retirement and Death Benefits Scheme have completed a £25m full-scheme buy-in with Pension Insurance Corporation (PIC)
Posted: 18/12/2023
Almost half (45%) of over-50s have said they don’t know that annuities come in many forms and with various options, Standard Life has found
Posted: 18/12/2023
The majority of UK adults aged over 55 have a limited understanding of how to make the most of their retirement savings, research from LV= has found
Posted: 15/12/2023
Over half (55%) of retirees believe that employers harbour an ageist approach to hiring older workers, Just Group has found
Posted: 14/12/2023
The Government has been urged to consider a new approach to the state pension, designed to provide a basis for financial security in retirement and ensure the state pension has a sustainable long-term future
Posted: 13/12/2023
A quarter (24%) of UK adults have said they are not aware of their pension age, including 10% of those aged between 55 and 64, Standard Life has found
Posted: 12/12/2023
Annuity rates have increased by a record amount with a rise of 54% in the last two years, Canada Life has found
Posted: 11/12/2023
Nearly a quarter (23%) of young adults aged 18-24 years old have never heard of pension auto-enrolment (AE), despite upcoming proposals to extend AE to 18 year-olds, research from Standard Life has revealed
Posted: 08/12/2023
The Superior Pension Fund has completed a £10m bulk annuity deal with Just Group, insuring the pension liabilities for 78 members
Posted: 07/12/2023
A quarter (25%) of over-50s incorrectly think the best rates of annuity are given to those with underlying health conditions, Standard Life has found
Posted: 06/12/2023
Almost a third of adults in the UK suspect that they may have a pension pot that they are either unaware of or have not considered before
Posted: 05/12/2023
Over one in three (36%) pension savers have said they are not confident they can afford retirement, Hargreaves Lansdown has found
Posted: 05/12/2023
Almost one-third (31%) of pension savers have stated that they want to consolidate their pension pots, Hargreaves Lansdown (HL) has found
Posted: 27/11/2023
Over three-quarters (76%) of pension savers expressed that they would consider opting for the new ‘pot for life’ model, with just 5% of savers stating that they would not be interested in having their own pension into which employers can pay contributions, PensionBee has found
Posted: 23/11/2023
The aggregate funding position of FTSE 350 companies’ defined benefit (DB) has undergone a “complete reversal” over the past 18 months, Mercer’s latest Pensions Risk Survey data has found
Posted: 22/11/2023
Average annuity rates continued to rise in the UK in Q3, the Standard Life annuity rate tracker has found
Posted: 21/11/2023
Over one million pensioner households in the UK primarily rely on the state pension as their main source of retirement, Just Group has found
Posted: 21/11/2023
Almost one in eight (13%) pension savers have said they don’t think it is “worth the hassle” to combine pensions, Moneyhub has found
Posted: 20/11/2023
Pension contributions saw a 33% year-on-year increase in Q3 2023, despite savers enduring levels of high inflation during this period, research from PensionBee has revealed
Posted: 17/11/2023
Nearly one fifth (18%) of people don’t believe that the state pension will exist when they retire, while a further 26% are unsure, research from Hargreaves Lansdown has revealed
Posted: 14/11/2023
Legal & General (L&G) Assurance Society has completed a £500m buy-in with the Deutsche Bank pension scheme, securing the benefits of around 2,000 retirees and deferred members
Posted: 13/11/2023
A large majority (67%) of financial advisers believe their clients will be forced to postpone retirement due to the cost of living crisis, according to research from BNY Mellon Investment Management
Posted: 10/11/2023
Employers should be reviewing their defined contribution (DC) pension provider every three years and be more open to switching pension schemes, Hymans Robertson has said
Posted: 09/11/2023
Two fifths (41%) of over-50s have said the cost of living crisis is the main barrier preventing them from securing the retirement income they think they’ll need, Standard Life has found
Posted: 08/11/2023
Just Group has completed a buy-in transaction for Air France’s (UK) pension scheme trustees, covering approximately £32m of pension liabilities and almost 200 scheme members
Posted: 06/11/2023
The Rotork Pension & Life Assurance Scheme has agreed an £80m buy-in deal with Aviva, covering the pension benefits for 406 current pensioners and dependants in the scheme
Posted: 03/11/2023
Almost half (49%) of retirees have said they did not check or seek help to see if they could afford to retire, leaving many in a "retirement blind spot", Just Group has said
Posted: 02/11/2023
Almost half (49%) of people approaching retirement are rethinking their plans as the cost-of-living crisis cuts into their everyday finances, LiveMore has found
Posted: 01/11/2023
Pausing pension contributions, even for a short period, could lead to missing out on thousands of pounds when the time comes to claim retirement pots, Standard Life has found
Posted: 01/11/2023
Six in 10 (59%) 45-54 year-olds are taking action to save more for retirement, Phoenix Group has found
Posted: 31/10/2023
Over four in 10 (43%) young people have hinted that they would use a lifetime ISA (LISA) for retirement planning, Hargreaves Lansdown (HL) has found
Posted: 30/10/2023
Almost a quarter (22%) of consumers are unaware of the option to consolidate their pensions, leading to an estimated £26.6bn left sitting in lost pots, Standard Life has found
Posted: 27/10/2023
Pension savers appear to largely be in the dark in regards to how responsibly their pension is invested, Broadstone has said
Posted: 27/10/2023
Less than three quarters (73%) of the total amount of pension credit that could have been claimed in the 2022 financial year was not done so, the Department for Work and Pensions (DWP) has found
Posted: 26/10/2023
HM Revenue and Customs (HMRC) repaid a total of £61.3m to people who overpaid tax when they flexibly accessed their pensions in Q3 2023, up from £33m in Q3 2022, the latest Government pension schemes newsletter has revealed
Posted: 26/10/2023
Half of defined benefit (DB) pension scheme trustees say they have a clear endgame strategy in place, Standard Life has found
Posted: 25/10/2023
Almost seven million people over 50 have no private pension, putting them at risk of retirement poverty, according to SunLife
Posted: 24/10/2023
The majority (93%) of defined benefit (DB) pension schemes have seen a reduction in their asset base over the past 12 months as a result of falling bond and liability-driven investment (LDI) prices, analysis from PwC has revealed
Posted: 23/10/203
One-off pension contributions of £1,000 every five years could boost retirement savings by up to £23,000 by the time the saver reaches retirement, Standard Life has found
Posted: 19/10/2023
Four in 10 (41%) people aged 50 and over have said they have needed more money than expected in retirement, a recent survey by Legal & General (L&G) has found
Posted: 18/10/2023
A third (32%) of Brits have put pension admin at the bottom of their to-do list, and are more likely to prioritise managing hair and beauty appointments and planning holidays, Standard Life has found
Posted: 17/10/2023
Financial advisers are doing a “stellar job” in helping people to prepare for the possibility of needing care in later life, a Just Group care report has said
Posted: 17/10/2023
Nearly half (48%) of self-employed people are not on track for even the minimum retirement living standard defined by the Pensions and Lifetime Savings Association (PLSA), research from Scottish Widows has revealed
Posted: 13/10/2023
Nearly six in 10 (59%) over 75s are yet to arrange a power of attorney, equivalent to 3.4 million people, Just Group has found
Posted: 12/10/2023
Standard Life has concluded a £335m bulk purchase annuity (BPA) transaction with the London Stock Exchange Group (LSEG) pension scheme
Posted: 11/10/2023
Over a quarter (26%) of retirees over the age of 55 have said they have been “forced out” of work, meaning they have had to take retirement earlier than expected, Just Group has found
Posted: 11/10/2023
The defined benefit (DB) pension transfer market is in a “slump” amid an exodus of specialist advisers and falling transfer values, LCP has stated
Posted: 09/10/2023
The aggregate funding surplus of FTSE 350 companies’ defined benefit (DB) pension schemes nearly doubled over the first three quarters of 2023, according to Mercer’s latest Pensions Risk Survey
Posted: 05/10/2023
A quarter (25%) of pension savers have said they have never checked their pension, Moneyhub has found
Posted: 05/10/2023
People who put a pay rise into their pension pot are set to see an increase in their annual retirement income, PensionBee has found
Posted: 04/10/2023
One in seven people in the UK have said they have never checked their pension, according to new research by Standard Life
Posted: 03/10/2023
The Andrew Sykes Group Pension Scheme has completed a £30m buy-in with Canada Life, insuring the benefits of around 440 members, including 160 deferred members
Posted: 02/10/2023
Schemes can help protect their members from pension scams by keeping up with best-in-class administration, Broadstone has said
Posted: 29/09/2023
The KGM Pension and Life Assurance Scheme has completed a £4m full-scheme buyout with Just Group, covering 14 deferred and 10 pensioner members
Posted: 28/09/2023
Parents could provide more than £300,000 in pension wealth for their children by the time they reach retirement age by contributing to their child’s pension from the age of 18, new research from PensionBee has found
Posted: 28/09/2023
The total value of taxable payments withdrawn flexibly from pensions since 2015 when the pension freedoms were introduced is £72.2bn, HM Revenue and Customs (HMRC) has revealed
Posted: 27/09/2023
Hargreaves Lansdown (HL) has called on the Government to allow people to open lifetime ISAs (LISAs) and receive bonuses on contributions until the age of 55
Posted: 22/09/2023
The Cable and Wireless Superannuation Fund has agreed a £340m buy-in with Legal & General (L&G), securing the benefits of approximately 1,800 retirees and deferred members
Posted: 21/09/2023
Pension savers can add nearly £100,000 to their pension pots through strong investment performance and low charges, Broadstone has found
Posted: 19/09/2023
Employees who are closer to retirement are less likely to know how much money they have saved up in their various pensions, according to a new survey from Cushon
Posted: 15/09/2023
Nearly three in five (58%) UK adults over 40 have said that they are anxious about the prospect of retiring, with one in five (20%) stating they are "very anxious"
Posted: 13/09/2023
The number of UK adults receiving unsolicited approaches about their pensions has fallen substantially in the past five years, dropping by six and a half million people
Posted: 11/09/2023
Over one in 10 (13%) UK adults, which equates to one and a half million people, have said that they are never planning to give up work, new research by Canada Life has found
Posted: 07/09/2023
The defined benefit (DB) pension market is currently at a "crossroads" as many schemes are now well-funded, Mercer has said
Posted: 06/09/2023
Someone living until they are 100-years-old could need an extra £240,000 in their pension pot to give them a comfortable retirement, analysis by interactive investor has shown
Posted: 05/09/2023
The Association of British Insurers (ABI) pension and assurance scheme has completed an £18.4m buyout with Just Group
Posted: 04/09/2023
More than three in five people (62%) have said that saving for the future and retirement is currently a high priority for them, a survey by Pension Geeks has found
Posted: 04/09/2023
The average funding position and proportion of defined benefit (DB) schemes in surplus hit their highest levels since the start of the current funding regime in 2005, although there is a wide variation between schemes, analysis from Aon has found
Posted: 1/9/2023
Just Group has completed a £290m buy-in deal with the ITB Pension Funds (Open Fund), meaning that all of the scheme members’ benefits have now been secured
Posted: 31/8/2023
Pension savers can add up to £52,000 to their retirement pot by completing their mortgage repayments as early as possible, Standard Life has found
Posted: 31/8/2023
Just half (50%) of people claiming the new state pension are receiving the full amount, Responsible Life has found
Posted: 29/08/2023
Many people who were ill-advised to transfer out of their defined benefit (DB) pension are now likely to receive significantly less compensation, analysis from OAC has found
Posted: 29/08/2023
A gap in trust and engagement in pensions has emerged, notably at its widest among younger savers, according to new research from Broadstone
Posted: 25/8/2023
Almost three quarters (73%) of people don’t know it is possible to contribute to someone else’s pension, Hargreaves Lansdown has found
Posted: 23/08/2023
Improvements in funding levels have accelerated the need for many defined benefit (DB) pension trustees to consider the illiquid assets in their schemes, Standard Life has found
Posted: 23/08/2023
Over four in five (84%) of people with a defined benefit (DB) pension scheme have said that they haven’t considered switching to a more flexible option, according to the Financial Conduct Authority’s (FCA) financial lives research
Posted: 22/08/2023
At least half of retirees could be losing out on hundreds of pounds worth of interest each year in savings accounts with rates of 3% or less, new research from PensionBee has found
Posted: 21/08/2023
A single pensioner would have to accumulate £50,000 in addition to their state pension for a minimum standard of living, Standard Life analysis has found
Posted: 16/08/2023
The number of pensions credit claims made to the Department for Work and Pensions (DWP) more than doubled in the most recent tax year
Posted: 11/08/2023
Rothesay has completed a £260m buy-in transaction with the Smith & Nephew UK Pension Fund
Posted: 08/08/2023
Retirees who buy annuities later in life are most at risk of missing out on extra lifetime income by failing to explore the market, Just Group has found
Posted: 07/08/2023
Over eight in 10 (86%) of defined benefit (DB) pension scheme trustees have said that they are expecting to approach an insurer in the next five years to discuss de-risking, new research by Standard Life has found
Posted: 07/08/2023
Over a third (37%) of savers contributing to at least one defined contribution (DC) pension are unaware of how much is being paid into their pot, personally and by their employer, Broadstone has found
Posted: 04/08/2023
The funding position of the FTSE 350 pension funds showed a slightly higher surplus at the end of July compared to June, according to Mercer’s latest Pensions Risk Survey
Posted: 03/08/2023
Hymans Robertson has announced that it has achieved B Corp certification and has joined the B Corp movement
Posted: 02/08/2023
People approaching retirement age are currently feeling the financial strain of the cost of living crisis the most, research by Aegon has found
Posted: 02/08/2023
Fewer than one in five (18%) retirement savers who accessed a defined contribution (DC) pension in the last four years had a telephone or face-to-face appointment with Pension Wise, the Financial Conduct Authority (FCA) has found
Posted: 02/08/2023
Just under seven in 10 (69%) of people who have transferred a defined benefit (DB) pension to a defined contribution (DC) pension in the past four years have said that they are satisfied with their choice, OAS has found
Posted: 31/07/2023
One in two (50%) pension savers who bought annuities in the four years up to mid-2022 did not compare deals from different providers, the Financial Conduct Authority (FCA) has found.
Posted: 31/07/2023
Pension saving levels in the UK have remained resilient despite rising costs placing pressure on household budgets, research from the Financial Conduct Authority (FCA) has revealed
Posted: 28/07/2023
Savers contributed over 20% more to their pensions in Q2 2023 compared to the same period last year, despite persistent levels of high inflation, analysis from PensionBee has revealed
Posted: 28/07/2023
Canada Life has completed its first-ever deferred member buy-in worth £58m with an undisclosed pension scheme
Posted: 27/07/2023
Standard Life, part of Phoenix Group, has concluded a £1.2bn bulk purchase annuity (BPA) transaction covering c. 20,200 members of the Mitchells & Butlers Pension Plan
Posted: 27/07/2023
The average yearly spending by retired households has increased to £23,675, a jump of 19% compared to 2021, research by iSIPP has found
Posted: 26/07/2023
Annuity rates have increased by 20% in the 12 months to June 2023, adding over £25,000 to lifetime income, Standard Life has found
Posted: 20/07/2023
The implementation of new Consumer Duty rules is set to increase consumer retail investment with single-investment personal pensions (SIPPs), iPensions Group has found
Posted: 11/07/2023
The Chancellor has announced the launch of his ‘Mansion House Reforms’, which could see pensions increase by over £1,000 a year in retirement for the average earner who saves over the course of their career
Posted: 11/07/2023
The defined contribution (DC) market must embrace innovative thinking if its members are to receive the income they’ll need in retirement, a report by Hymans Robertson has said
Posted: 10/07/2023
Errors in the national insurance (NI) system has led to some women losing out on over £4,000 in state pension each year, with some missing out on over £90,000 in state pension over 20 years
Posted: 7/72023
FTSE 350 pension schemes have seen a reduction in funds between May and June 2023, despite remaining in surplus, Mercer has found
Posted: 6/7/2023
Standard Life has concluded a £1bn bulk purchase annuity (BPA) transaction across two pension schemes, the Chubb Pension Plan and the Chubb Security Pension Fund, which are both sponsored by subsidiaries of APi Group Corporation
Posted: 5/7/2023
Consumers in the UK are more likely to increase their pension contributions rather than reduce them, due to improving savings rates as a result of continued rate rises by the Bank of England the latest findings from GlobalData have revealed
Posted: 5/7/2023
Nearly a fifth (18%) of over-55s do not intend to access their tax-free pension lump sum, so they can pass more wealth on to loved ones without paying incurring inheritance tax (IHT) charges, Standard Life has found.
Posted: 4/7/2023
Those who start saving between 40 and 66 are likely to be nearly £200,000 worse off compared to those who start saving consistently at 22, despite an increase in wages, Standard Life has found.
Posted: 29/06/2023
An estimated 19 million people aged over the age of 50 may be overlooking a pension option that could guarantee a regular retirement income, research by the Financial Services Compensation Scheme (FSCS) has found
Posted: 28/06/2023
Nationwide Pension Fund has completed a £1.7bn longevity risk transfer transaction with Zurich Assurance and Prudential Financial Inc (PFI), covering the longevity risk for around 7,000 in-pay members in the UK
Posted: 23/06/2023
Standard Life has concluded a £80m bulk purchase annuity (BPA) transaction with the MGM Assurance Staff Pension Plan.
Posted: 19/06/2023
The funding position of the FTSE 350 pension funds reached a record high in May, reaching £69bn by the end of the month, according to Mercer’s Pensions Risk Survey data analysis.
Posted: 14/06/2023
Scottish Widows has agreed a £400m full scheme buy-in with the Harrods Group Pension Plan, securing retirement benefits for around 1,900 pensioners and 2,100 deferred members
Posted: 13/06/2023
The best and worst rates of guaranteed income for life solutions have widened to nearly 18%, Just Group has found, the highest in over four years
Posted: 13/06/2023
Defined benefit (DB) schemes that held under-hedged positions, downside protection strategies and private market investments performed the best during 2022, according to a new report from Barnett Waddingham
Posted: 09/06/2023
Annuity rates have hit a six-month high, with an average 65-year-old in possession of a £100,000 pension pot able to receive up to £7,017 a year for a single life five-year guarantee deal, and a 70-year-old with the same amount able to get £7,838 per year in some cases
Posted: 07/06/2023
The aggregate surplus of UK defined benefit (DB) pension schemes rose to £110m over May, after a significant rise in long-term gilt yields of 0.5% led to a decrease in the value of liabilities, analysis from XPS Pensions Group has revealed
Posted: 06/06/2023
The trustee of the Aegon UK Staff Retirement and Death Benefit Scheme has completed a £160m partial buy-in with Scottish Widows, covering the interest rate, inflation and longevity risk relating to around 500 members
Posted: 05/06/2023
Annuity sales increased by 22% in Q1 2023 compared to Q4 2022, according to data from the Association of British Insurers (ABI)
Posted: 30/05/2023
Pension transfer activity fell by nearly 12% during April to an annualised rate of 34 members per 100,000 transferring out of their scheme to an alternative arrangement, according to XPS Pensions Group’s Transfer Activity Index
Posted: 26/05/2023
Just Group has completed a £100m full scheme buy-in with the Timpson Group Pension Scheme, securing the retirement benefits for 369 pensioners and 694 deferred members
Posted: 24/05/2023
There has been a “major reduction” in the availability of defined benefit (DB) transfer advice, analysis from Aegon and Next Wealth has found
Posted: 22/05/2023
Industry experts have suggested that a retirement planning shift is needed, after figures from the Office for National Statistics (ONS) revealed an increase in co-habiting and single person households
Posted: 19/05/2023
The British Steel Pension Scheme (BSPS) has agreed a £2.7bn buy-in with Legal & General, the fourth and final buy-in for the scheme, making it the largest scheme in the UK to have secured full insurance
Posted: 18/05/2023
The But Retirement Benefits Scheme has secured a £40m buy-in with Just Group, with the scheme now expected to proceed to full buyout and wind-up
Posted: 17/05/2023
The Department for Work and Pensions (DWP) has launched a call for evidence on the alternative quality requirement for defined benefit (DB) pension schemes that are used for automatic enrolment (AE)
Posted: 15/05/2023
Nearly two thirds (64%) of Brits do not feel confident about their retirement, while 36% don’t feel confident about planning for retirement, research from Penfold has revealed
Posted: 12/05/2023
The state pension underpayment rate was 0.6% in 2022/23, the highest underpayment rate on record, with £670m underpaid during the year, the Department for Work and Pensions (DWP) has revealed
Posted: 11/05/2023
The aggregate surplus of defined benefit (DB) pension schemes rose by £19.3bn in April, increasing from £359.3bn to £378.6bn, the latest Pension Protection Fund (PPF) 7800 Index has revealed
Posted: 09/05/2023
Aviva has secured a £900m buy-in with the trustees of the Thomas Cook Pension Plan, providing benefits at or in excess of Pension Protection Fund (PPF) levels for the scheme’s 12,500 members
Posted: 05/05/2023
Less than one in five (19%) people renting housing are on track for a moderate retirement, according to research by Hargreaves Lansdown
Posted: 03/05/2023
The Repsol Sinopec defined benefit (DB) pension scheme has completed a £160m full buy-in with Rothesay
Posted: 02/05/2023
The pension scheme sponsored by Batt Cables has completed a £34m buy-in with Just Group, covering 193 deferred members and 71 pensioners
Posted: 28/04/2023
HMRC repaid a total of £48.5m to people who overpaid tax when they flexibly accessed their pensions in Q1 2023, pushing the total repayments since the introduction of pension freedoms in 2015 past £1bn
Posted: 26/04/2023
The cost of living crisis has pushed over 50,000 people to leave the NHS Pension Scheme this tax year over affordability concerns, a freedom of information request from Quilter has revealed
Posted: 25/04/2023
Defined benefit (DB) pension transfer activity fell slightly during March, with an annualised rate of 38 members per 100,000 transferring out of the current scheme to an alternative arrangement, the XPS Transfer Activity Index has revealed
Posted: 24/04/2023
Total pension scheme buy-in and buyout volumes reached £15.8bn in the second half of 2022, after “unparalleled market volatility” resulted in an “extremely busy” second half the year, according to analysis from Hymans Robertson
Posted: 21/04/2023
The group trustees of the Carillion Group of the Electricity Supply Pension Scheme have completed a £15m buy-in with Just Group, securing benefits at a level above Pension Protection Fund (PPF) compensation
Posted: 20/04/2023
Over two thirds (69%) of independent financial advisers (IFAs) think that it would be risky for clients to plan around the lifetime allowance (LTA) removal being in place in the long-term, according to research from Standard Life
Posted: 19/04/2023
The Sleepeezee Retirement Benefits Plan 1975 has agreed a £18m buy-in with Legal & General (L&G), securing the benefits of around 200 retired and deferred members
Posted: 18/04/2023
Three quarters (75%) of UK adults don’t know how much is in their pension pot, rising to a “worrying” 79% among 55 to 64-year-olds, research from Standard Life has revealed
Posted: 17/04/2023
The vast majority (97%) of institutional investors, including wealth managers and pension funds, have already increased their allocations to alternatives in the past 12 months, according to research from Managing Partners Group (MPG)
Posted: 14/04/2023
Plans to abolish the lifetime allowance (LTA) have been branded a “£1bn bung”, after analysis by the Labour Party suggested that working people with average earnings would have to work for 400 years before they would benefit from the tax cut
Posted: 13/04/2023
Pensions industry organisations have warned that further reforms could still be needed to ensure individuals are saving adequately for retirement, after the state pension saw a record increase this week
Posted: 12/04/2023
Almost half (45%) of financial advisers experienced an increase in enquiries from clients following the raft of pension changes announced in the March Budget, Standard Life research has revealed
Posted: 11/04/2023
More than 500 doctors have unnecessarily paid £17.7m in lifetime allowance (LTA) charges, according to a freedom of information request from Quilter
Posted: 11/04/2023
The cost-of-living crisis could be exacerbating the pensions gender gap, research from TPT Retirement Solutions has suggested, revealing that nearly half (46%) of women in their 50s expect to work for longer to afford retirement given rising prices
Posted: 11/04/2023
One in seven (14%) high-net worth individuals, those with assets of £250,000 or more, have reduced their pension contributions within the past six months, whilst a further 14% plan to in the next six months, research from Saltus has revealed
Posted: 06/04/2023
The Consort Equipment Products pension scheme has completed a £4m full scheme buy-in with an unnamed insurer, covering 31 pensioners and six deferred members
Posted: 05/04/2023
The trustees of the Deutsche Bank Defined Benefit (DB) (UK) Pension Scheme have completed a £400m bulk purchase annuity buy-in with Aviva, securing the pension scheme benefits for nearly 1,300 members
Posted: 04/04/2023
The Department for Work and Pensions (DWP) has confirmed that the government will not bring forward the date the state pension age (SPA) will rise to 67
Posted: 30/03/2023
The trustee of the SA Brain and Company Limited Group Pension Scheme and the Crown Buckley Limited Pension Scheme has completed a £70m full scheme buy-in with Just Group, securing the benefits of around 420 pensioners and 200 deferred members
Posted: 29/03/2023
The Shoe Zone Group Pension Scheme has secured a £34m buy-in with Rothesay, covering the benefits of over 500 members, including 367 pensioners and dependents and 166 deferred members
Posted: 28/03/2023
HMRC has shared new guidance on the lifetime allowance (LTA) changes, following the news that the LTA will be fully abolished from the 2024 to 2025 tax year, also announcing plans for an LTA working group
Posted: 27/03/2023
The government has reportedly delayed plans to raise the state pension age (SPA) to 68 amid concerns over life expectancy in the UK and warnings from Tory MPs
Posted: 22/03/2023
Chapelthorpe Plc Pension Fund has completed a £34m buy-in with Aviva, securing the benefits of the remaining 805 uninsured members in the scheme
Posted: 21/03/2023
Around one in six (16%) people who stopped or reduced their pension contributions over the past year did so because of a change in their employment status, representing around 1.7 million of the UK’s total of 45 million-plus retirement savers, research from ISIPP has revealed
Posted: 17/03/2023
Labour has said it would reinstate the pensions lifetime allowance (LTA) if elected, arguing that the government’s plan to abolish the allowance is the “wrong priority, at the wrong time, for the wrong people”
Posted: 16/03/2023
The Chancellor has announced that he is abolishing the lifetime allowance on tax-free pension savings
Posted: 15/03/2023
The aggregate surplus of FTSE 350 companies’ defined benefit (DB) pension schemes increased from £33bn at the end of January to £47bn at the end of February 2023, analysis from Mercer has revealed
Posted: 14/03/2023
More than two fifths (44%) of 55-64 year-olds plan to move into ‘semi-retirement’ before they reach 65 to allow them to draw on their pension savings while continuing to work part-time, research from Aviva has revealed
Posted: 13/03/2023
The Financial Conduct Authority (FCA) has given regulatory approval for Schroders to launch the UK’s first Long-term Asset Fund (LTAF)
Posted: 09/03/2023
Full scheme transactions now “dominate” the defined benefit (DB) pensions bulk annuity landscape, constituting all £10bn worth of deals made so far this year, XPS Pension Group has revealed
Posted: 08/03/2023
The trustees of the Spirent Communications plc Staff Pension & Life Assurance scheme have completed a £142m buy-in, meaning that all defined benefit (DB) liabilities for the scheme have now been fully insured
Posted: 07/03/2023
Calls for the government to reform auto-enrolment have grown, after data from the Department for Work and Pensions (DWP) revealed that 38% of working age people, around 12.5 million savers, are under-saving for retirement
Posted: 06/03/2023
The money purchase annual allowance (MPAA) has created a pensions “tax trap” for millions of over-55s, according to new research from Canada Life
Posted: 03/03/2023
The pension scheme buy-in market is forecast to record a paradigm shift in 2023 amid a wave of new business volumes, new research by Hymans Robertson has indicated
Posted: 02/03/2023
More than £25bn of bulk annuity transactions were completed between pension schemes and insurers in 2022, according to Legal & General (L&G)
Posted: 28/02/2023
RSA Group has concluded the largest ever pension bulk annuity transaction with a £6.5bn buy-in for two of its pension schemes with Pension Insurance Corporation (PIC)
Posted: 27/02/2023
The Financial Conduct Authority (FCA) has formally required two firms to stop making unsolicited settlement offers to former members of the British Steel Pension Scheme (BSPS), after previously warning firms to withdraw any existing settlement offers
Posted: 24/02/2023
Demand for retirement advice has increased amid the cost of living crisis, with advisers estimating that over half (58%) of the assets they advise on are for clients receiving retirement advice, up from 55% in 2021, research from Aegon has revealed
Posted: 23/02/2023
The Wiltshire (Bristol) Limited Retirement Benefits Scheme, a legacy arrangement sponsored by Auto Trader, has agreed a £15m full scheme buy-in with Just Group, covering the pension liabilities of over 150 pensioner and deferred members
Posted: 21/02/2023
The number of small pot transfers, £10,000 or under, increased by 42% over the past two years, while the number of pension transfers under £1,000 rose by 32%, analysis from Origo has revealed
Posted: 20/02/2023
The pension scheme for an unnamed manufacturing business has agreed a £53m buyout with Standard Life, covering 235 pensioners and 163 deferred members
Posted: 16/02/2023
The aggregate surplus of defined benefit (DB) pension schemes has more than doubled over the past year, despite falling slightly to £374.4bn at the end of January 2023, according to the Pension Protection Fund’s (PPF) 7800 Index
Posted: 15/02/2023
The trustees of the Amey Services Section of the Citrus Pension Plan have agreed a £6.5m buy-in with Legal & General Assurance Society Limited
Posted: 14/02/2023
The trustee of the Arcadia Group and Arcadia Group Senior Executive Pension Schemes has agreed an £850m buy-in with Aviva, securing benefits in excess of Pension Protection Fund (PPF) levels for 8,800 members
Posted: 10/02/2023
Pension trustees have been encouraged to focus on long-term value over short-term cost, after analysis from Hymans Robertson suggested that up to £250bn of defined contribution (DC) assets could be committed to private equity investments by the end of the decade
Posted: 09/02/2023
Half (50%) of UK consumers think information around pensions and retirement is “overwhelming”, new research from Standard Life has revealed
Posted: 08/02/2023
Proposals for the government to “even out” pensions tax support have received mixed reaction from the pensions industry, as experts warned that the reforms could bring unintended consequences and potentially disincentivise savers
Posted: 07/02/2023
The government has faced further calls to introduce auto-enrolment reforms, after research from the Social Market Foundation (SMF) found that 25% of people from ethnic minorities have a workplace pension, compared to a national rate of 38%
Posted: 06/02/2023
The trustee of the IMI 2014 Deferred Fund has agreed a £175m partial buy-in with the Pension Insurance Corporation (PIC), covering liabilities for the remaining 1,378 uninsured scheme members, around 97% of which are deferred members
Posted: 03/02/2023
The Veitchi (Holdings) Limited Retirement Benefits Scheme has completed an £8m full buy-in with Just Group, securing the benefits of its remaining 82 uninsured members
Posted: 02/02/2023
The 1967 Section of the Morrisons Retirement Saver Plan has agreed a £762m buy-in with Rothesay, securing the pension benefits of more than 8,000 members
Posted: 01/02/2023
HMRC repaid a total of £45,026,065 in Q4 2022 to people who overpaid tax when they flexibly accessed their pensions, the latest government Pension Schemes Newsletter has revealed, pushing the total repayments for the year up to £134m
Posted: 31/01/2023
All automatic enrolment (AE) thresholds will be maintained at their 2022/23 levels for 2023/24, Pensions Minister, Laura Trott, has confirmed
Posted: 27/01/2023
New funding rules for defined benefit (DB) pension schemes could cost British industry up to £34bn, based on official estimates included in The Pensions Regulator’s (TPR) consultation documents, LCP analysis has suggested
Posted: 23/01/2023
The Amey OS Pension Scheme has completed a partial buy-in with PIC, insuring approximately £400m of pension liabilities
Posted: 16/01/2023
The Interserve Pension Scheme has completed a £400m buy-in with Aviva, securing the benefits of more than 7,000 of its members
Posted: 12/01/2023
Isio has signed an agreement to acquire the UK pensions advisory business of Deloitte, Deloitte Total Reward and Benefits Limited (DTRB), for an undisclosed amount, subject to approval from the Financial Conduct Authority (FCA)
Posted: 11/01/2023
Financial advisers have a “huge opportunity” to support people’s planning for later life care, given the current pressures on the NHS and social care systems, Just Group has stated
Posted: 11/01/2023
The accounting surplus of defined benefit (DB) pension schemes for the UK’s 350 largest listed companies saw a marginal increase at the end of December, to £35bn
Posted: 10/01/2023
The Financial Services Compensation Scheme (FSCS) has welcomed the review of the compensation limits for pension claims, warning that “far too many customers” are losing more money from their pensions than the FSCS is able to return
Posted: 05/01/2023
One fifth of savers have reduced or stopped their pension contributions over the past 12 months, while a further 20% are considering doing so over the coming months, according to research from the Pensions Management Institute (PMI)
Posted: 03/01/2023
The Financial Conduct Authority (FCA) has announced that it is planning to review the Financial Services Compensation Scheme’s (FSCS) compensation limits for pension claims
Posted: 15/12/2022
The Bank of England (BoE) has recommended that The Pensions Regulator (TPR), in co-ordination with the Financial Conduct Authority (FCA) and overseas regulators, takes regulatory action to ensure liability-driven investment (LDI) funds remain resilient
Posted: 14/12/2022
Three directors have been disqualified from acting as directors of any company for their role in pension mis-selling, which took over £44m from would-be investors
Posted: 12/12/2022
The number of active members in private sector defined benefit (DB) and hybrid pension schemes has fallen 62.6 per cent in the past decade, with only 9 per cent of schemes still open to new members, according to new data from The Pensions Regulator (TPR)
Posted: 09/12/2022
The accounting surplus of defined benefit (DB) pension schemes for the UK’s 350 largest listed companies saw a marginal increase to £31bn at the end of November, new data from Mercer has shown
Posted: 07/12/2022
Over a third (37%) of over-55s that are not retired think they will need to work beyond their state pension age, according to new research from Canada Life
Posted: 07/12/2022
SimplyBiz has appointed PX Pension Exchange to its defined benefit (DB) pension transfer referral bureau panel
Posted: 07/12/2022
The Coats UK Pension Scheme has completed a £350m bulk purchase annuity buy-in transaction with Aviva, securing the benefits of around 3,700 members
Posted: 06/12/2022
Over a quarter (28 per cent) of those aged 45-65 haven’t given any thought at all to their retirement plans, including 25 per cent of 56- to 65-year-olds, research from Just Group has revealed
Posted: 01/12/2022
Fundamental change may be needed to build a pension system that is fit for purpose, Link Group has said, after research revealed that nearly a third of (32 per cent) of UK adults don't feel like they're in control of their pension and retirement savings
Posted: 30/11/2022
A total of £209.3m of state pension underpayments have been identified so far by the government, new data published by the Department for Work and Pensions (DWP) has revealed
Posted: 29/11/2022
The Financial Conduct Authority (FCA) has confirmed plans to deliver a redress scheme for former members of the British Steel Pension Scheme (BSPS) who received unsuitable advice to transfer out, with over 1,000 customers expected to receive redress
Posted: 28/11/2022
Workplace pension scheme members could be losing out on around £1.7bn a year during their transition into and in retirement as a result of choosing costly pathways to access their money, research from HSBC Tomorrow Master Trust has revealed
Posted: 23/11/2022
Defined benefit (DB) pension scheme trustees have been urged to provide more support for savers, after research from Barnett Waddingham revealed that 13 per cent of DB members are more likely to transfer out of their pension due to the rising cost of living
Posted: 22/11/2022
The TT Group (1993) Pension Scheme has agreed a £400m buy-in with Legal & General Assurance Society Limited, securing the benefits of around 5,000 retirees and deferred members
Posted: 21/11/2022
The Pensions Dashboards Regulations 2022 have now been approved by MPs and peers, in what has been highlighted as a "major step" in formalising dashboard duties by the Pensions Dashboards Programme (PDP)
Posted: 18/11/2022
Two fifths (40 per cent) of over 55s who anticipated gradually moving into retirement in the next five years now worry that the rising cost of living could throw this into jeopardy, research from Legal & General (L&G) has revealed
Posted: 09/11/2022
The aggregate surplus of defined benefit (DB) pension schemes in the UK increased to £374.7bn at the end of October 2022, up from £374.5bn at the end of September 2022, the Pension Protection Fund’s (PPF) 7800 Index has revealed
Posted: 08/11/2022
HMRC has announced that it will not proceed with plans for a digital interim claims service for the relief at source system, after work on this proved “more complex than originally thought”
Posted: 04/11/2022
HMRC repaid a further £33,088,782 to people who overpaid tax when they flexibly accessed their pensions Q3 2022, meaning that HMRC has now repaid over £900m since Pension Freedoms were introduced in 2015
Posted: 03/11/2022
The Agfa UK Group Pension Plan has completed a £200m buy-in with Standard Life, securing the benefits of 770 scheme members
Posted: 02/11/2022
The Financial Conduct Authority (FCA) has published the final rules on pensions dashboards for pension providers
Posted: 01/11/2022
A quarter (25 per cent) of adults have stopped or are planning to stop contributing to their workplace pensions in order to keep up with the rising cost of living, according to research from Charles Stanley
Posted: 31/10/2022
The Cobham Pension Plan has completed a £530m buy-in with Standard Life, securing retirement benefits for around 3,000 members of the scheme
Posted: 28/10/2022
The total value of pension pots that have been “lost” has risen by £7.2bn over the last four years, new data published by the Pensions Policy Institute (PPI) has revealed
Posted: 27/10/2022
FTSE 350 companies’ defined benefit (DB) pension deficits could be “a thing of the past” with six months of dividend payments reallocated to pensions, according to analysis by Barnett Waddingham
Posted: 26/10/2022
Auto-enrolment progress has remained stable despite a turbulent year for both the labour market and households due to the impact of the Covid-19 pandemic, according to research from Nest Insight
Posted: 25/10/2022
Almost a quarter (23 per cent) of people have lost track of a pension, research conducted by Opinium on behalf of Hargreaves Lansdown has revealed
Posted: 24/10/2022
A £13m full scheme buy-in has been agreed between Legal & General (L&G) Assurance Society Limited and the Jarvis Limited Pension Plan
Posted: 20/10/2022
SimplyBiz has appointed Retirement Solution Services (RSS) to its defined benefit (DB) pension transfer referral bureau panel
Posted: 20/10/2022
Recent comments from the new Chancellor, Jeremy Hunt, have prompted uncertainty over the future of the state pension triple lock, with industry experts suggesting that there could be a “genuine tussle” between politics and ensuring the sustainability of public finances
Posted: 18/10/2022
The Pensions Regulator (TPR) has defended itself against accusations of having not taken "stronger action" to prevent the recent turmoil experienced by some defined benefit (DB) schemes that employ liability-driven investment (LDI) strategies
Posted: 13/10/2022
Three in 10 (30%) retirees in the UK are concerned they don’t have enough money to fund their retirement, research by Fidelity International has suggested
Posted: 11/10/2022
The total number of pension plans accessed for the first time in 2021/22 increased by 18%, figures published by the FCA have revealed
Posted: 06/10/2022
Sixteen point three per cent of older workers who rent are on track for a moderate retirement income, according to Hargreaves Lansdown’s Savings and Resilience Barometer, compared to 57.7% of those who own their own home
Posted: 05/10/2022
Average annuity rates have hit a 14-year high, having increased by 52% in the past nine months, according to new data from Canada Life
Posted: 05/10/2022
Almost half (46%) of UK workers aren’t confident that they’ll have enough saved for a comfortable retirement, despite auto-enrolment bringing improvements in participation rates, research from Barnett Waddingham has revealed
Posted: 04/10/2022
Only a minority (16%) of UK employees are confident that the amount they are currently saving is sufficient for retirement, while 40% of workers have little or no idea how much they need to save for retirement, according to research from Royal London
Posted: 03/10/2022
Calls for the government to review the pension lifetime allowance (LTA) have grown, after figures from HMRC revealed an 11% increase in LTA charges in 2020/21
Posted: 28/09/2022
A record £3.57bn was withdrawn ‘flexibly’ by pension savers in Q2 2022, new figures published by HMRC have shown
Posted: 28/09/2022
The Financial Conduct Authority (FCA) has been urged to engage with HM Treasury, amid concerns that those receiving redress under the British Steel Pension Scheme (BSPS) compensation scheme could face tax issues
Posted: 27/09/2022
HM Treasury is to review the pensions lifetime allowance, a report has suggested, amid concerns it may be forcing people to retire early
Posted: 26/09/2022
Annuity rates are continuing to soar – increasing by 35% this year alone – reaching a level not seen for more than a decade, figures published by Hargreaves Lansdown have shown
Posted: 22/09/2022
The government has been urged to consider key reforms to pension tax relief, followed by a period of stability, after the Association of Consulting Actuaries (ACA) raised concerns over the complexity of the restrictions surrounding the current regime
Posted: 20/09/2022
Over a quarter (26 per cent) of UK adults are not confident in choosing and managing their workplace pension, research from the Financial Services Compensation Scheme (FSCS) has revealed
Posted: 14/09/2022
Pension schemes should be wary of several risks when they attempt to engage in impact real estate investing, a report from Bfinance has stated
Posted: 12/09/2022
Just Group has completed a £484m full scheme buy-in with the Trustee of the Barloworld UK Pension Scheme
Posted: 07/09/2022
There is a generational divide when it comes to support for the pensions triple lock, new research from Canada Life has found
Posted: 06/09/2022
Defined benefit (DB) pension trustees should take steps to prepare for the consequences of high inflation, including reviewing investment strategies and member communications, Atkin Pensions has said
Posted: 05/09/2022
Newly identified state pension underpayment issues may not be fixed for "several years", LCP has warned, urging those impacted to take action themselves through a new campaign
Posted: 02/09/2022
Nearly a third (31 per cent) of people below state pension age expect it to be their main source of income when they retire, despite more than half of savers stating that this won't be enough for a comfortable retirement, research by Royal London has revealed
Posted: 30/08/2022
The vast majority (96 per cent) of pension scheme executives think that real estate can play a "crucial role" in helping defined benefit (DB) schemes with de-risking, according to research from Downing
Posted: 25/08/2022
The proportion of members transferring their pension increased to an annualised rate of 41 members per 100,000 in July 2022, a 41 per cent month-on-month rise, XPS Pension Group has revealed
Posted: 24/08/2022
The gender pensions gap narrowed by £40 per month in 2021 but there remains a “long way to go” to reach pensions equality, equity release lender more2life has stated
Posted: 23/08/2022
The number of people receiving less than £100 per week in state pension has dropped to 1.9 million as of February 2022, of which just under 1.5 million are women, according to new statistics released by the Department for Work and Pensions (DWP)
Posted: 22/08/2022
People who rent their homes and single parents are likely to struggle to save enough into their pensions for a moderate standard of living in retirement, according to Hargreaves Lansdown’s Savings and Resilience Barometer
Posted: 16/08/2022
The number of savers choosing to opt out of their workplace pension scheme increased by 29% between March and July this year, new research from Penfold has shown
Posted: 16/08/2022
More than one million people in the UK with a workplace pension are planning to reduce their contributions to cope with rising living costs, a new study from Barnett Waddingham has found
Posted: 15/08/2022
The majority (86 per cent) of UK pension schemes think an increasing focus on environmental, social and governance (ESG) considerations within property development could drive more institutional investment in this space, according to a survey from Downing
Posted: 11/08/2022
Approximately one in seven (13 per cent) UK adults that are looking at ways to increase their income amid the cost-of-living crisis expect to access their pension earlier than planned or have already done so, research from Canada Life has found
Posted: 10/08/2022
Smaller employers must do more to boost pension saving as 1.2 million eligible employees are missing out on money that companies and the government contribute, according to consultancy firm Broadstone
Posted: 09/08/2022
WH Smith Pension Trust has completed a £1bn full scheme buy-in with Standard Life, insuring the liabilities of 12,950 members
Posted: 08/08/2022
The accounting surplus of defined benefit (DB) pension schemes for the UK’s 350 largest listed companies decreased by £9bn during July, according to the latest Pensions Risk Survey from Mercer
Posted: 03/08/2022
Applications for collective defined contribution (CDC) pension schemes officially opened today (1 August), in what has been highlighted as an “injection of innovation” for the industry, with plans to consult on new forms of CDC pensions confirmed for later this year
Posted: 01/08/2022
Around 85 per cent of workers, equal to 16 million people, are not saving at levels likely to deliver an acceptable standard of living in retirement, new research has found, prompting calls for the development of a 'Living Pension Standard'
Posted: 29/07/2022
Industry experts have urged the government to follow the Financial Conduct Authority's (FCA) lead on pre-retirement communications to ensure a consistent approach across trust- and contract-based pension schemes
Posted: 25/07/2022
SimplyBiz has announced the appointment of HUB Pension Consulting, part of Just Group, to its defined benefit (DB) pension transfer referral bureau panel
Posted: 22/07/2022
Fewer pension savers are taking advice when buying income drawdown and guaranteed income for life solutions, research by Just Group has suggested
Posted: 19/07/2022
The government has been urged to introduce an automatic enrolment (AE) system for the self-employed, and to work with the financial services industry to develop more flexible savings products to help people save for a rainy-day fund and their retirement
Posted: 18/07/2022
Homeowners releasing equity from property worth the average house price can boost the average pension pot by as much as 181%, according to new research
Posted: 15/07/2022
Pension credit claims more than doubled during the Department for Work and Pensions’ (DWP) recent Pension Credit Day of Action, with over 10,000 claims made during the week of 13 June, marking a 275 per cent year-on-year increase
Posted: 13/07/2022
Hargreaves Lansdown has called for the government to refrain from increasing minimum auto-enrolment (AE) pension contributions beyond the current 8 per cent and look at how to get people to boost their contributions voluntarily instead
Posted: 11/07/2022
More than one million people with a workplace pension are planning to reduce their contributions to cope with the rising cost-of-living, a new study has indicated
Posted: 08/07/2022
Over a quarter (28 per cent) of people have three or more pension pots, Hargreaves Lansdown has found
Posted: 06/07/2022
The accounting deficit of defined benefit (DB) pension schemes for the UK’s 350 largest listed companies moved to a surplus over the course of June, new data published by Mercer has revealed
Posted: 05/07/2022
The aggregate defined benefit (DB) pension scheme surplus in the UK increased by £60bn to £250bn in June, according to the PwC Pension Trustee Funding Index, marking the highest surplus recorded since the launch of the index in 2015
Posted: 04/07/2022
A combined £2.5bn of pension contributions could be 'lost' as a result of the cost-of-living crisis, analysis from Scottish Widows has suggested, after finding that 11 per cent of UK adults have already cut back or stopped their pension contributions
Posted: 29/06/2022
HMRC has confirmed that its systems are not currently capable of allowing individuals with multiple earnings that cumulatively exceed the £10,000 earnings trigger for automatic enrolment (AE) to be enrolled into a pension scheme
Posted: 24/06/2022
Employee and employer contributions for private sector defined contribution (DC) schemes increased again in Q4 2021, alongside increases in the number of active members, figures from the Office for National Statistics (ONS) have revealed
Posted: 23/06/2022
The aggregate funding ratio of defined benefit (DB) pension schemes in the UK reached a record high of 118.9% at the end of May, up from 114% a month prior, according to the Pension Protection Fund (PPF) 7800 Index.
Posted: 15/06/2022
The average worker is on track to exceed the current lifetime allowance of £1,073,100 by the typical retirement age of 64-65 in the UK, according to new modelling from online pension provider PensionBee
Posted: 13/06/2022
Women would need to work an additional 18 years in full-time employment to save the same amount of money into their pension as men, a new report by Now: Pensions and the Pensions Policy Institute (PPI) has revealed
Posted: 08/06/2022
The accounting deficit of FTSE 350 companies’ defined benefit (DB) pension schemes fell by £41bn in May to £4bn at the end of the month, according to Mercer’s Pensions Risk Survey data
Posted: 07/06/2022
The FCA has announced that pensions providers must from today give consumers a “stronger nudge” to Pension Wise guidance when they decide to access their pension savings
Posted: 01/06/2022
The aggregate defined benefit (DB) pension scheme surplus in the UK increased by £60bn to £190bn in May, according to the PwC Pension Trustee Funding Index
Posted: 31/05/2022
The Financial Services Compensation Scheme (FSCS) has called for a review of the £85,000 limit it is able to pay out to people making pension claims, stating that it believes it should be higher
Posted: 27/05/2022
Nine in 10 people are struggling to make ends meet due to the cost-of-living crisis, new research commissioned by Cushon has revealed, increasing fears that many will be unable to adequately provide for themselves in retirement
Posted: 27/05/2022
A record 78 per cent of pension transfers showed at least one warning sign of potential scam activity in April, according to XPS Pensions Group’s Scam Flag Index tracker
Posted: 24/05/2022
Nearly two-fifths (39 per cent) of ‘amber flags’ raised by pension trustees of a transferring pension scheme were due to overseas investments, according to a Freedom of Information (FOI) request by Quilter
Posted: 17/05/2022
The health of defined benefit (DB) pension schemes in the UK continued to improve in the first quarter of 2022, reaching a new high as of 31 March 2022, data published by Legal & General Investment Management (LGIM) has revealed
Posted: 12/05/2022
The government has widened a ban on exclusivity causes for low-income workers to allow them to work multiple jobs and boost their income, although Interactive Investor (II) has raised concerns over low-paid workers' state pensions
Posted: 10/05/2022
The accounting deficit of defined benefit (DB) pension schemes for the UK’s 350 largest listed companies fell by £24bn over the course of April, according to Mercer’s latest Pensions Risk Survey
Posted: 04/05/2022
The closed defined benefit pension scheme for Nationwide Building Society has completed a £172m bulk annuity transaction with Canada Life
Posted: 03/05/2022
The average time taken to complete a pension transfer has increased by 45% between 2018/19 and 2021/22, new analysis by PensionBee has found
Posted: 28/04/2022
Pausing pension contributions in April due to the ‘triple whammy’ of increasing inflation, a freeze in income tax thresholds and the rise in National Insurance could be dangerous for savers, Aegon has warned
Posted: 25/04/2022
Experts from across the pensions industry have warned that the cost-of-living crisis is likely to affect people’s abilities and willingness to adequately save for retirement, especially those not in scope of auto-enrolment (AE)
Posted: 21/04/2022
Over seven in 10 (72%) UK adults have never completed an expression of wish form, new research from Canada Life has indicated
Posted: 20/04/2022
Bfinance has become an official adopter of the Impact Investing Principles for Pensions from the Impact Investing Institute, it has announced
Posted: 19/04/2022
More than £250bn of defined contribution (DC) pension scheme assets could be potentially used for illiquid investment by 2030, with over £100bn specifically for infrastructure investment, analysis by Hymans Robertson has revealed
Posted: 06/04/2022
The accounting deficit of defined benefit (DB) pension schemes for the UK’s 350 largest listed companies fell by £7bn over the course of March, to stand at £69bn at the end of the month
Posted: 04/04/2022
Two-thirds (66 per cent) of people retiring in 2022 do not plan to give up work completely, compared to 56 per cent of those retiring in 2021 and 34 per cent of 2020 retirees, according to Abrdn’s latest ‘Class Of’ report
Posted: 30/03/2022
Flexible pension withdrawals increased to £8.3bn for the period of April – December 2021, an increase of 19 per cent compared to the same period in 2020, HMRC has revealed
Posted: 23/03/2022
Just Group has confirmed that it completed a £58m buy-in transaction with the trustees of Keysight Technologies UK Limited Retirement Benefits Plan in December
Posted: 22/03/2022
A further £100bn could be removed from the long-term liabilities of UK defined benefit (DB) pension schemes if longer-term gilt yields were to increase in line with The Bank of England’s recent base rate change, analysis from XPS Pensions Group has found
Posted: 18/03/2022
The CSM Limited (UK) Pension Scheme has completed an £86m full scheme buy-in with Just Group
Posted: 16/03/2022
Nearly half a million over-50s have been forced into retirement earlier than they planned since the start of the pandemic in 2020, figures from the Office for National Statistics (ONS) have revealed
Posted: 14/03/2022
Protecting savers from scammers must be a central priority in the rollout of pensions dashboards, AJ Bell has argued
Posted: 10/03/2022
The Department for Work and Pensions’ (DWP) current proposals in its consultation could risk creating ‘dumb’ pensions dashboards of limited initial use to consumers, LCP has warned
Posted: 09/03/2022
The accounting deficit of defined benefit (DB) pension schemes for the UK’s 350 largest listed companies fell by £4bn during February, to stand at £76bn at the end of the month
Posted: 02/03/2022
Around 850,000 UK pensioners could be missing out on a total £1.7bn of pension credit, analysis by Just Group has found
Posted: 24/02/2022
People approaching their retirements and planning to buy an annuity would ideally require an annual income of £22,500 on average, analysis from Canada Life has indicated
Posted: 23/02/2022
Three in 10 over-55s (30%) who have private pension savings are planning to release equity from their home as part of their retirement income funding, according to new research from Canada Life
Posted: 18/02/2022
Greater consolidation of smaller defined benefit (DB) pension schemes could lead to around £100m being retained for investment by UK businesses over the next 20 years, according to analysis by Stoneport, part of Punter Southall
Posted: 15/02/2022
The Department for Work and Pensions (DWP) has launched a call for evidence on what metrics should be considered when setting the state pension age, to support its ongoing review of the state pension
Posted: 10/02/2022
The government has confirmed it is freezing the minimum earnings level for automatic enrolment into a workplace pension scheme at £10,000 for 2022/23
Posted: 08/02/2022
The Bank of England’s decision to raise base rates from 0.25 per cent to 0.5 per cent could remove £100bn from the long-term liabilities of defined benefit (DB) pension schemes in the UK, according to XPS Pensions
Posted: 04/02/2022
Investment platform, AJ Bell, is urging the government to scrap the age restrictions and exit penalty for the Lifetime ISA (LISA)
Posted: 03/02/2022
The accounting deficit of defined benefit (DB) pension schemes for the UK’s 350 largest listed companies saw an increase of £4bn over the course of January, new figures published by Mercer have revealed
Posted: 02/02/2022
UK pension savers currently stand to lose thousands of pounds if they do not move older pensions to pots that offer better value for money, research from the Institute for Fiscal Studies (IFS) has indicated
Posted: 01/02/2022
The Department for Work and Pensions (DWP) has launched a consultation on the draft regulations for the introduction of pensions dashboards
Posted: 31/01/2022
Occupational defined contribution (DC) trust-based pension scheme membership and assets continued to increase in 2021, The Pensions Regulator (TPR) has revealed, as the market consolidated further
Posted: 27/01/2022
The Work and Pensions Committee has proposed a series of reforms to improve government support for savers accessing their retirement pot
Posted: 18/01/2022
More than £42m was refunded in the fourth quarter of 2021 to savers who had been overtaxed on their pension freedoms withdrawals, new HMRC figures show
Posted: 17/01/2022
Adults in the UK have £1trn more wealth in pensions than they do in property, figures from the Office for National Statistics have suggested
Posted: 13/01/2022
The private member’s bill that is seeking to outline the roadmap for the extension of auto-enrolment (AE) policy to low earners and those aged 18 and over has had a date set for its second reading
Posted: 07/01/2022
The accounting deficit of defined benefit (DB) pension schemes for the UK’s 350 largest listed companies finished 2021 at £76bn, according to the latest Pensions Risk Survey by Mercer
Posted: 05/01/2022
Expanding automatic enrolment to young and low earners could boost pension savings by £2.8trn, according to a new report
Posted: 05/01/2022
The government has confirmed that the Work and Pensions Committee is to examine saving for later life and what more needs to be done to help people plan for their retirement
Posted: 16/12/2021
The Department for Work and Pensions (DWP) has launched a new £510m fund to target fraudsters lying about their benefit claims
Posted: 13/12/2021
Over one million workers in the UK (6%) believe that they will never retire, according to a new study carried out by Canada Life
Posted: 06/12/2021
Over half (58%) of pre-retirement pension holders with two or more pots are keen to consolidate their pension accounts, according to research from Boring Money
Posted: 03/12/2021
The accounting deficit of defined benefit (DB) pension schemes for the UK’s 350 largest listed companies climbed by £10bn over the course of November
Posted: 02/12/2021
New measures to protect pension savers from scam transfers have come into force today, the government has confirmed
Posted: 30/11/2021
Proposals made in the House of Lords to retain the state pension triple-lock have been rejected by the House of Commons
Posted: 16/11/2021
Around one third of people would rely on their partner’s pension in retirement, according to a survey from Hargreaves Lansdown
Posted: 15/11/2021
New measures to protect pension savers and help stop scam transfers have now become law, the government has announced
Posted: 08/11/2021
The House of Lords has voted 220 to 178 in favour of retaining the state pension triple-lock next year
Posted: 03/11/2021
The accounting deficit of defined benefit (DB) pension schemes and other post-retirement benefit plans for the UK’s 350 largest listed companies climbed by £6bn over the course of October
Posted: 02/11/2021
A significant proportion of young people are prepared to turn away from traditional pensions to invest in cryptocurrency, stocks and shares ISAs or other investments instead, a new study has found
Posted: 01/11/2021
HMRC repaid £44,659,174 in overpaid tax on flexible pension withdrawals in Q3 2021, with an average reclaim of £3,352, the government’s latest Pension Schemes Newsletter has revealed
Posted: 29/10/2021
The government has announced plans to introduce a top-up system for low earners in net-pay arrangements from 2024-25 in an effort to “broadly equalise outcomes for all lower earning pension savers”
Posted: 28/10/2021
The government has confirmed that it will consult on further changes to the regulatory charge cap for pension schemes in an effort to unlock institutional investment to drive innovation
Posted: 27/10/2021
The UK state pension is set to increase by 3.1% in 2022/23, in line with September’s Consumer Prices Index (CPI) inflation figure published today by the Office for National Statistics (ONS)
Posted: 20/10/2021
More than a quarter of adults (26%) have at least one pension pot of less than £5,000, while 15% do not know if they have one or not, a new Aegon study has found
Posted: 12/10/2021
The majority of large UK pension schemes have failed to act on climate ahead of COP26, according to research from Make My Money Matter, with 71 of 100 major schemes yet to make robust net zero commitments
Posted: 11/10/2021