Industry

Stopping or reducing pensions contributions will begin to affect savers’ retirement outcomes if the habit is sustained too long amid the ongoing Covid-19 pandemic, Aon says.

The Department for Communities in Northern Ireland has proposed rules to remedy historic age discrimination for its Local Government Pension Scheme (LGPS) following the widespread McCloud reform.

The Pensions Management Institute (PMI) has launched a competency framework setting out the functional and technical competences needed to be effective in the industry at all career levels.

Aegon has launched a digital hub for employers to assist with the roll-out of their new pension scheme to employees.

The gender pension gap has narrowed to just 1%, but the pay gap and part-time working ratio means women are still saving less per year than men, according to Scottish Widows.

All-cause mortality remains higher than levels observed last year with the number of weekly deaths related to Covid-19 surpassing 1,000.

Pension savers who work multiple part-time jobs are likely to reach retirement with pension wealth equivalent to just 6% of the average man’s, Now Pensions finds.

The Pensions Regulator (TPR) has launched a pledge initiative to encourage trustees to commit to a step up in processes to protect member interests and combat pension scams.

The Pensions Administration Standards Association (PASA) has launched its cybercrime guidance for pension administrators.