Professional Pensions www.professionalpensions.com PP DC Conference 2024: Register now! <img alt="PP DC Conference 2024: Register now!" src="https://www.professionalpensions.com/api/v1/wps/b451b0b/834f8014-21c5-45e9-96cc-bcf1a421f32c/3/Louise-Davey-DC-conference-185x114.jpg" /> <p><!--summary start--> Professional Pensions’ Defined Contribution Conference – our flagship DC event – is returning this year on Tuesday 25 June at etc.venues, St Paul’s in London. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/b451b0b/834f8014-21c5-45e9-96cc-bcf1a421f32c/3/Louise-Davey-DC-conference-185x114.jpg https://www.professionalpensions.com/news/4190869/pp-dc-conference-2024-register https://www.professionalpensions.com/news/4190869/pp-dc-conference-2024-register https://www.professionalpensions.com/news/4190869/pp-dc-conference-2024-register Thu, 28 Mar 2024 10:40:48 +0000 TPT launches global infrastructure fund for DC members <img alt="TPT launches global infrastructure fund for DC members" src="https://www.professionalpensions.com/api/v1/wps/7dfa79e/003ec43e-a9a5-40a3-9879-2e6284bc76ac/5/Smith-Philip-TPT-Retirement-Solutions-2023-USE-THIS-ONE-185x114.jpg" /> <p><!--summary start--> TPT Retirement Solutions has launched a global infrastructure fund in a bid to expand the options for defined contribution (DC) members. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/7dfa79e/003ec43e-a9a5-40a3-9879-2e6284bc76ac/5/Smith-Philip-TPT-Retirement-Solutions-2023-USE-THIS-ONE-185x114.jpg https://www.professionalpensions.com/news/4190250/tpt-launches-global-infrastructure-fund-dc-members https://www.professionalpensions.com/news/4190250/tpt-launches-global-infrastructure-fund-dc-members https://www.professionalpensions.com/news/4190250/tpt-launches-global-infrastructure-fund-dc-members Wed, 27 Mar 2024 10:25:56 +0000 Aviva launches flexible pension scheme for Bolt <img alt="Aviva launches flexible pension scheme for Bolt" src="https://www.professionalpensions.com/api/v1/wps/980e8d1/602981bb-ba9b-447e-b1dd-6c61db5c2826/0/iStock-1018800686-185x114.jpg" /> <p><!--summary start--> Aviva has launched a group personal pension (GPP) scheme for drivers registered with the Bolt platform. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/980e8d1/602981bb-ba9b-447e-b1dd-6c61db5c2826/0/iStock-1018800686-185x114.jpg https://www.professionalpensions.com/news/4189361/aviva-launches-flexible-pension-scheme-bolt https://www.professionalpensions.com/news/4189361/aviva-launches-flexible-pension-scheme-bolt https://www.professionalpensions.com/news/4189361/aviva-launches-flexible-pension-scheme-bolt Mon, 25 Mar 2024 14:47:14 +0000 PLSA: DC savers prioritise low-risk approach to pension investments <img alt="PLSA: DC savers prioritise low-risk approach to pension investments " src="https://www.professionalpensions.com/api/v1/wps/2ca6f17/b700043d-72b6-4f50-80b3-d80c4dabe800/1/Low-risk-iStock-1157294770-185x114.jpg" /> <p><!--summary start--> A majority of defined contribution (DC) savers prioritise the protection of their pension savings over the prospect of a higher investment return, a study by the Pensions and Lifetime Savings Association (PLSA) shows. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/2ca6f17/b700043d-72b6-4f50-80b3-d80c4dabe800/1/Low-risk-iStock-1157294770-185x114.jpg https://www.professionalpensions.com/news/4189348/plsa-dc-savers-prioritise-low-risk-approach-pension-investments https://www.professionalpensions.com/news/4189348/plsa-dc-savers-prioritise-low-risk-approach-pension-investments https://www.professionalpensions.com/news/4189348/plsa-dc-savers-prioritise-low-risk-approach-pension-investments Mon, 25 Mar 2024 14:33:01 +0000 TPR: Challenge and disclosure must become the 'norm' <img alt="TPR: Challenge and disclosure must become the &#39;norm&#39;" src="https://www.professionalpensions.com/api/v1/wps/7ebc103/4610032d-401b-4e56-bd60-9c4f8a8bde1f/3/Nausicaa-Delfas-185x114.jpg" /> <p><!--summary start--> The pensions industry must deliver value for money for savers through “challenge and disclosure”, which must become an industry “norm”, The Pensions Regulator (TPR) chief executive Nausicaa Delfa says. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/7ebc103/4610032d-401b-4e56-bd60-9c4f8a8bde1f/3/Nausicaa-Delfas-185x114.jpg https://www.professionalpensions.com/news/4188318/tpr-challenge-disclosure-norm https://www.professionalpensions.com/news/4188318/tpr-challenge-disclosure-norm https://www.professionalpensions.com/news/4188318/tpr-challenge-disclosure-norm Thu, 21 Mar 2024 15:05:41 +0000 SPP: The differences in retirement outcomes for men and women <img alt="SPP: The differences in retirement outcomes for men and women" src="https://www.professionalpensions.com/api/v1/wps/55862b9/2b75aefa-c1a5-4963-839f-ff296c0c5e36/0/Cain-Madalena-SPP-DC-Committee-185x114.jpg" /> <p><!--summary start--> The Society of Pension Professionals’ (SPP’s) latest column for Professional Pensions, looks at the gender pensions gap. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/55862b9/2b75aefa-c1a5-4963-839f-ff296c0c5e36/0/Cain-Madalena-SPP-DC-Committee-185x114.jpg https://www.professionalpensions.com/opinion/4187653/spp-differences-retirement-outcomes-women https://www.professionalpensions.com/opinion/4187653/spp-differences-retirement-outcomes-women https://www.professionalpensions.com/opinion/4187653/spp-differences-retirement-outcomes-women Wed, 20 Mar 2024 14:00:59 +0000 More than £50bn of pension savings at risk of being misplaced <img alt="More than £50bn of pension savings at risk of being misplaced " src="https://www.professionalpensions.com/api/v1/wps/9488c31/c7f5dcc9-6235-4349-8e23-7b4c379e213b/2/piggy-bank-g411590e46-1920-185x114.jpg" /> <p><!--summary start--> More than £50bn in pension savings from UK workers are at risk of being lost due to frequent job changes, research from PensionBee shows. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/9488c31/c7f5dcc9-6235-4349-8e23-7b4c379e213b/2/piggy-bank-g411590e46-1920-185x114.jpg https://www.professionalpensions.com/news/4186977/gbp50bn-pension-savings-risk-misplaced https://www.professionalpensions.com/news/4186977/gbp50bn-pension-savings-risk-misplaced https://www.professionalpensions.com/news/4186977/gbp50bn-pension-savings-risk-misplaced Tue, 19 Mar 2024 10:03:45 +0000 Over 50s income source split half and half between DB and state pension <img alt="Over 50s income source split half and half between DB and state pension" src="https://www.professionalpensions.com/api/v1/wps/2a3e605/6c49cf93-c7e1-4ba5-9971-ca0a63dfd660/0/retirement-income-185x114.jpg" /> <p><!--summary start--> The retirement income source for those aged 50 and over is split roughly 50:50 between defined benefit (DB) and state pension income, Standard Life data shows. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/2a3e605/6c49cf93-c7e1-4ba5-9971-ca0a63dfd660/0/retirement-income-185x114.jpg https://www.professionalpensions.com/news/4186767/50s-income-source-split-half-half-db-pension https://www.professionalpensions.com/news/4186767/50s-income-source-split-half-half-db-pension https://www.professionalpensions.com/news/4186767/50s-income-source-split-half-half-db-pension Mon, 18 Mar 2024 15:40:46 +0000 Employers at risk of neglecting DC policies <img alt="Employers at risk of neglecting DC policies" src="https://www.professionalpensions.com/api/v1/wps/7c40dc8/e487f63b-eee4-408a-97a7-091b8e3aee69/0/Pension-payments-185x114.jpg" /> <p><!--summary start--> Most employers have not reviewed their defined contribution (DC) arrangements in the last few years, Mercer analysis finds. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/7c40dc8/e487f63b-eee4-408a-97a7-091b8e3aee69/0/Pension-payments-185x114.jpg https://www.professionalpensions.com/news/4186541/employers-risk-neglecting-dc-policies https://www.professionalpensions.com/news/4186541/employers-risk-neglecting-dc-policies https://www.professionalpensions.com/news/4186541/employers-risk-neglecting-dc-policies Mon, 18 Mar 2024 10:52:54 +0000 TPR says small schemes winding up after value for member exercise <img alt="TPR says small schemes winding up after value for member exercise" src="https://www.professionalpensions.com/api/v1/wps/974fcb7/3e074507-8aa4-493d-b04f-184376befe89/4/Charles-Mel-TPR-2020-roi-1-185x114.jpg" /> <p><!--summary start--> The Pensions Regulator (TPR) says 16% of small defined contribution (DC) schemes included in a pilot value for members exercise have opted to wind-up after concluding they do not offer good value for members. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/974fcb7/3e074507-8aa4-493d-b04f-184376befe89/4/Charles-Mel-TPR-2020-roi-1-185x114.jpg https://www.professionalpensions.com/news/4185943/tpr-small-schemes-winding-value-member-exercise https://www.professionalpensions.com/news/4185943/tpr-small-schemes-winding-value-member-exercise https://www.professionalpensions.com/news/4185943/tpr-small-schemes-winding-value-member-exercise Fri, 15 Mar 2024 10:53:01 +0000 Black women at risk of working through retirement <img alt="Black women at risk of working through retirement" src="https://www.professionalpensions.com/api/v1/wps/e262a3f/bda383cf-f533-4588-8abe-4b8f017bec29/4/retirment-cahs-flow-185x114.jpg" /> <p><!--summary start--> One third (30%) of black women say they plan to reduce their working hours instead of retiring, a survey from Scottish Widows finds. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/e262a3f/bda383cf-f533-4588-8abe-4b8f017bec29/4/retirment-cahs-flow-185x114.jpg https://www.professionalpensions.com/news/4185939/black-women-risk-retirement https://www.professionalpensions.com/news/4185939/black-women-risk-retirement https://www.professionalpensions.com/news/4185939/black-women-risk-retirement Fri, 15 Mar 2024 10:50:39 +0000 Industry vehemently opposes chancellor's UK disclosure proposals for DC <img alt="Industry vehemently opposes chancellor&#39;s UK disclosure proposals for DC" src="https://www.professionalpensions.com/api/v1/wps/49d758f/eacc2561-13e1-43e3-9ba6-a6595ee473da/1/Thumbs-down-iStock-1372767222-185x114.jpg" /> <p><!--summary start--> A majority of the pensions industry has voiced their opposition to proposals to compel defined contribution (DC) schemes to disclose their level of investment in the UK, a Professional Pensions poll finds. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/49d758f/eacc2561-13e1-43e3-9ba6-a6595ee473da/1/Thumbs-down-iStock-1372767222-185x114.jpg https://www.professionalpensions.com/news/4185472/industry-vehemently-opposes-chancellors-uk-disclosure-proposals-dc https://www.professionalpensions.com/news/4185472/industry-vehemently-opposes-chancellors-uk-disclosure-proposals-dc https://www.professionalpensions.com/news/4185472/industry-vehemently-opposes-chancellors-uk-disclosure-proposals-dc Thu, 14 Mar 2024 12:47:44 +0000 Majority of DC savers over 55 want automatic pension payments at retirement <img alt="Majority of DC savers over 55 want automatic pension payments at retirement " src="https://www.professionalpensions.com/api/v1/wps/786fa34/50df31af-3e80-4191-bf0e-fd2467e3a725/3/iStock-1419698965-185x114.jpg" /> <p><!--summary start--> A majority of defined contribution (DC) savers over the age of 55 have said they would find it “helpful” if their DC scheme automatically paid them a pension when they reached retirement, research from Hymans Robertson shows. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/786fa34/50df31af-3e80-4191-bf0e-fd2467e3a725/3/iStock-1419698965-185x114.jpg https://www.professionalpensions.com/news/4185107/majority-dc-savers-55-automatic-pension-payments-retirement https://www.professionalpensions.com/news/4185107/majority-dc-savers-55-automatic-pension-payments-retirement https://www.professionalpensions.com/news/4185107/majority-dc-savers-55-automatic-pension-payments-retirement Wed, 13 Mar 2024 15:29:45 +0000 One in ten women in their 20s have opted out of workplace scheme <img alt="One in ten women in their 20s have opted out of workplace scheme" src="https://www.professionalpensions.com/api/v1/wps/b2e043b/0fd25fb1-84e0-4464-9295-d6d081cc7d64/2/retirement-plan-185x114.jpg" /> <p><!--summary start--> One in ten (10%) of women aged between 22 and 29 have opted out of their workplace pension scheme, research from Scottish Widows finds. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/b2e043b/0fd25fb1-84e0-4464-9295-d6d081cc7d64/2/retirement-plan-185x114.jpg https://www.professionalpensions.com/news/4184209/women-20s-opted-workplace-scheme https://www.professionalpensions.com/news/4184209/women-20s-opted-workplace-scheme https://www.professionalpensions.com/news/4184209/women-20s-opted-workplace-scheme Mon, 11 Mar 2024 15:48:55 +0000 Schroders and PMI launch Lifetime Savings Initiative <img alt="Schroders and PMI launch Lifetime Savings Initiative" src="https://www.professionalpensions.com/api/v1/wps/060e048/bdb7d2e4-fd04-489e-8990-8c2cc2625f05/0/Saving-contributions-185x114.jpg" /> <p><!--summary start--> Schroders and the Pensions Management Institute (PMI) have partnered to launch the Lifetime Savings Initiative (LSI). <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/060e048/bdb7d2e4-fd04-489e-8990-8c2cc2625f05/0/Saving-contributions-185x114.jpg https://www.professionalpensions.com/news/4184011/schroders-pmi-launch-lifetime-savings-initiative https://www.professionalpensions.com/news/4184011/schroders-pmi-launch-lifetime-savings-initiative https://www.professionalpensions.com/news/4184011/schroders-pmi-launch-lifetime-savings-initiative Mon, 11 Mar 2024 10:25:13 +0000 Spring Budget 24: Industry responds to pot for life and VfM measures <img alt="Spring Budget 24: Industry responds to pot for life and VfM measures" src="https://www.professionalpensions.com/api/v1/wps/2703f89/87625ea4-0e9f-4f35-a88c-fd5bade56818/8/Case-on-table-185x114.jpg" /> <p><!--summary start--> The industry has responded to chancellor Jeremy Hunt’s announcements on confirming a requirement for defined contribution (DC) and Local Government Pension Schemes (LGPS) to disclose the level of investments in the UK. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/2703f89/87625ea4-0e9f-4f35-a88c-fd5bade56818/8/Case-on-table-185x114.jpg https://www.professionalpensions.com/news/4182581/spring-budget-industry-responds-pot-life-vfm-measures https://www.professionalpensions.com/news/4182581/spring-budget-industry-responds-pot-life-vfm-measures https://www.professionalpensions.com/news/4182581/spring-budget-industry-responds-pot-life-vfm-measures Wed, 6 Mar 2024 16:13:15 +0000 Spring Budget 24: Industry disheartened by lack of AE reform announcements <img alt="Spring Budget 24: Industry disheartened by lack of AE reform announcements " src="https://www.professionalpensions.com/api/v1/wps/781d55d/11a8986f-6488-4b73-a6ef-eca217a5c7fe/1/Houses-of-parliament-iStock-1484832564-185x114.jpg" /> <p><!--summary start--> The pensions industry has expressed its disappointment at the lack of announcements regarding the expansion of auto-enrolment (AE) in chancellor Jeremy Hunt’s Spring Budget. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/781d55d/11a8986f-6488-4b73-a6ef-eca217a5c7fe/1/Houses-of-parliament-iStock-1484832564-185x114.jpg https://www.professionalpensions.com/news/4182553/spring-budget-industry-disheartened-lack-ae-reform-announcements https://www.professionalpensions.com/news/4182553/spring-budget-industry-disheartened-lack-ae-reform-announcements https://www.professionalpensions.com/news/4182553/spring-budget-industry-disheartened-lack-ae-reform-announcements Wed, 6 Mar 2024 15:57:34 +0000 Spring Budget 24: Monitoring framework for Mansion House Compact announced <img alt="Spring Budget 24: Monitoring framework for Mansion House Compact announced" src="https://www.professionalpensions.com/api/v1/wps/5e227e3/61fca6ad-f607-4023-b200-c95ca19ce1a0/3/iStock-183432817-185x114.jpg" /> <p><!--summary start--> The government is working with the Association of British Insurers to finalise a framework for monitoring progress on the Mansion House Compact. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/5e227e3/61fca6ad-f607-4023-b200-c95ca19ce1a0/3/iStock-183432817-185x114.jpg https://www.professionalpensions.com/news/4182452/spring-budget-monitoring-framework-mansion-house-compact-announced https://www.professionalpensions.com/news/4182452/spring-budget-monitoring-framework-mansion-house-compact-announced https://www.professionalpensions.com/news/4182452/spring-budget-monitoring-framework-mansion-house-compact-announced Wed, 6 Mar 2024 14:14:57 +0000 Spring Budget 24: Chancellor 'remains committed' to pot for life reforms <img alt="Spring Budget 24: Chancellor &#39;remains committed&#39; to pot for life reforms" src="https://www.professionalpensions.com/api/v1/wps/31eaac5/760dd4e4-616a-4f37-a0ce-84fb154aff67/9/Jeremy-Hunt-with-case-185x114.jpg" /> <p><!--summary start--> Chancellor Jeremy Hunt has today (6 March) reaffirmed the government’s intention to explore pot for life for workplace pension schemes. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/31eaac5/760dd4e4-616a-4f37-a0ce-84fb154aff67/9/Jeremy-Hunt-with-case-185x114.jpg https://www.professionalpensions.com/news/4182415/spring-budget-chancellor-remains-committed-pot-life-reforms https://www.professionalpensions.com/news/4182415/spring-budget-chancellor-remains-committed-pot-life-reforms https://www.professionalpensions.com/news/4182415/spring-budget-chancellor-remains-committed-pot-life-reforms Wed, 6 Mar 2024 13:49:03 +0000 People's Pension to allocate £15bn into climate aware investment strategies <img alt="People&#39;s Pension to allocate £15bn into climate aware investment strategies" src="https://www.professionalpensions.com/api/v1/wps/15f6f3d/44ec9a08-b3d8-483f-865b-5a7ddc2a5bf6/2/Mikulskis-Dan-People-s-Partnership-185x114.jpg" /> <p><!--summary start--> The People’s Pension has announced it will allocate £15bn of its assets under management (AUM) into climate aware investment strategies. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/15f6f3d/44ec9a08-b3d8-483f-865b-5a7ddc2a5bf6/2/Mikulskis-Dan-People-s-Partnership-185x114.jpg https://www.professionalpensions.com/news/4181354/peoples-pension-allocate-gbp15bn-climate-aware-investment-strategies https://www.professionalpensions.com/news/4181354/peoples-pension-allocate-gbp15bn-climate-aware-investment-strategies https://www.professionalpensions.com/news/4181354/peoples-pension-allocate-gbp15bn-climate-aware-investment-strategies Tue, 5 Mar 2024 10:43:28 +0000 Updated: Risk of 'unintended consequences' from DC pension reforms <img alt="Updated: Risk of &#39;unintended consequences&#39; from DC pension reforms" src="https://www.professionalpensions.com/api/v1/wps/3737d4a/5c61fca8-992f-4611-8de9-993447437796/5/Myers-and-Wakefield-185x114.jpg" /> <p><!--summary start--> Plans to force defined contribution (DC) schemes to publicly disclose their level of investment in the UK and improve the performance of poorly performing schemes could risk having “unintended consequences” – causing plans to become more risk averse and potentially “compromising” trustee fiduciary duties. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/3737d4a/5c61fca8-992f-4611-8de9-993447437796/5/Myers-and-Wakefield-185x114.jpg https://www.professionalpensions.com/news/4180853/risk-unintended-consequences-dc-pension-reforms https://www.professionalpensions.com/news/4180853/risk-unintended-consequences-dc-pension-reforms https://www.professionalpensions.com/news/4180853/risk-unintended-consequences-dc-pension-reforms Mon, 4 Mar 2024 10:54:35 +0000 PensionBee announces US expansion proposals <img alt="PensionBee announces US expansion proposals" src="https://www.professionalpensions.com/api/v1/wps/e7a4491/d92021d2-dabb-4c7b-b627-c95036c6bfbb/0/Savova-Romi-2-185x114.jpg" /> <p><!--summary start--> PensionBee has announced it has entered into an exclusive, non-binding term sheet with a large financial institution in order to expand into the US. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/e7a4491/d92021d2-dabb-4c7b-b627-c95036c6bfbb/0/Savova-Romi-2-185x114.jpg https://www.professionalpensions.com/news/4180850/pensionbee-announces-us-expansion-proposals https://www.professionalpensions.com/news/4180850/pensionbee-announces-us-expansion-proposals https://www.professionalpensions.com/news/4180850/pensionbee-announces-us-expansion-proposals Mon, 4 Mar 2024 10:49:45 +0000 Chancellor unveils plans to bar poorly performing DC schemes from new business <img alt="Chancellor unveils plans to bar poorly performing DC schemes from new business " src="https://www.professionalpensions.com/api/v1/wps/e7d5ca4/0d95c49d-d0b8-4b0c-92bd-559a3d8d248c/7/Jeremy-Hunt-3-185x114.jpg" /> <p><!--summary start--> Chancellor Jeremy Hunt has today (2 March) announced proposals to force defined contribution (DC) plans to publicly disclose their level of investment in the UK and improve the performance of poorly performing schemes. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/e7d5ca4/0d95c49d-d0b8-4b0c-92bd-559a3d8d248c/7/Jeremy-Hunt-3-185x114.jpg https://www.professionalpensions.com/news/4180675/chancellor-unveils-plans-bar-poorly-performing-dc-schemes-business https://www.professionalpensions.com/news/4180675/chancellor-unveils-plans-bar-poorly-performing-dc-schemes-business https://www.professionalpensions.com/news/4180675/chancellor-unveils-plans-bar-poorly-performing-dc-schemes-business Sat, 2 Mar 2024 06:55:22 +0000 Scottish Widows reports 9% growth in workplace pension contributions <img alt="Scottish Widows reports 9% growth in workplace pension contributions" src="https://www.professionalpensions.com/api/v1/wps/604715c/804260c0-14b4-47f8-b8b6-ab2180a2e970/2/Bold-Graeme-Scottish-Widows-2020-185x114.jpg" /> <p><!--summary start--> Lloyds Banking Group posted a 9% annual increase in regular contributions to workplace pensions during 2023 – saying the increase showed people were saving more despite the cost-of-living crisis. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/604715c/804260c0-14b4-47f8-b8b6-ab2180a2e970/2/Bold-Graeme-Scottish-Widows-2020-185x114.jpg https://www.professionalpensions.com/news/4178987/scottish-widows-reports-growth-workplace-pension-contributions https://www.professionalpensions.com/news/4178987/scottish-widows-reports-growth-workplace-pension-contributions https://www.professionalpensions.com/news/4178987/scottish-widows-reports-growth-workplace-pension-contributions Tue, 27 Feb 2024 11:08:27 +0000 Smart Pension partners with Wahed to launch halal workplace pension <img alt="Smart Pension partners with Wahed to launch halal workplace pension " src="https://www.professionalpensions.com/api/v1/wps/31bc6c3/3871ebcb-8720-4b0c-b868-196714416fa3/1/iStock-172338614-185x114.jpg" /> <p><!--summary start--> Smart Pension has partnered with Islamic digital investment platform Wahed to launch a halal workplace pension. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/31bc6c3/3871ebcb-8720-4b0c-b868-196714416fa3/1/iStock-172338614-185x114.jpg https://www.professionalpensions.com/news/4178981/smart-pension-partners-wahed-launch-halal-workplace-pension https://www.professionalpensions.com/news/4178981/smart-pension-partners-wahed-launch-halal-workplace-pension https://www.professionalpensions.com/news/4178981/smart-pension-partners-wahed-launch-halal-workplace-pension Tue, 27 Feb 2024 11:01:05 +0000 Most think government won't pay attention to RLS 'wake-up call' on DC adequacy <img alt="Most think government won&#39;t pay attention to RLS &#39;wake-up call&#39; on DC adequacy" src="https://www.professionalpensions.com/api/v1/wps/8f4622d/1dae7cc7-bb59-4284-b8b0-0f9736de11a6/0/Houses-of-Parliament-185x114.jpg" /> <p><!--summary start--> Most of the industry think the government is unlikely to pay attention to improving contribution adequacy within defined contribution (DC) pensions, a Professional Pensions poll finds. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/8f4622d/1dae7cc7-bb59-4284-b8b0-0f9736de11a6/0/Houses-of-Parliament-185x114.jpg https://www.professionalpensions.com/news/4176352/most-government-wont-pay-attention-rls-wake-dc-adequacy https://www.professionalpensions.com/news/4176352/most-government-wont-pay-attention-rls-wake-dc-adequacy https://www.professionalpensions.com/news/4176352/most-government-wont-pay-attention-rls-wake-dc-adequacy Tue, 20 Feb 2024 15:04:35 +0000 Pension transfers leaving savers at risk of being worse off in retirement <img alt="Pension transfers leaving savers at risk of being worse off in retirement" src="https://www.professionalpensions.com/api/v1/wps/5e43904/fbc80b23-d1a8-41fc-a19d-1261509f7d91/2/elder-calculating-finances-iStock-1410595985-185x114.jpg" /> <p><!--summary start--> Retirees could be left more than £70,000 worse off in their retirement due to a lack of awareness around fees and charges when transferring their pension, research from People’s Partnership finds. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/5e43904/fbc80b23-d1a8-41fc-a19d-1261509f7d91/2/elder-calculating-finances-iStock-1410595985-185x114.jpg https://www.professionalpensions.com/news/4175809/pension-transfers-leaving-savers-risk-worse-retirement https://www.professionalpensions.com/news/4175809/pension-transfers-leaving-savers-risk-worse-retirement https://www.professionalpensions.com/news/4175809/pension-transfers-leaving-savers-risk-worse-retirement Mon, 19 Feb 2024 15:30:07 +0000 Contribution and salary modelling for RLS released <img alt="Contribution and salary modelling for RLS released" src="https://www.professionalpensions.com/api/v1/wps/e891c44/6eb9a280-e39a-41c7-89e4-db42f4979b68/0/Businessperson-with-calculator-185x114.jpg" /> <p><!--summary start--> Hymans Robertson has released a ‘Guided Outcomes’ model for measuring the chances of reaching the Pensions and Lifetime Savings Association’s (PLSA) Retirement Living Standards (RLS) on different salaries and contribution rates. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/e891c44/6eb9a280-e39a-41c7-89e4-db42f4979b68/0/Businessperson-with-calculator-185x114.jpg https://www.professionalpensions.com/news/4175573/contribution-salary-modelling-rls-released https://www.professionalpensions.com/news/4175573/contribution-salary-modelling-rls-released https://www.professionalpensions.com/news/4175573/contribution-salary-modelling-rls-released Mon, 19 Feb 2024 10:57:45 +0000 People's Pension reaches record £25bn AUM <img alt="People&#39;s Pension reaches record £25bn AUM" src="https://www.professionalpensions.com/api/v1/wps/07bb3fb/b3b81430-e53d-4b7d-a862-814cc9495016/4/Arrow-pointing-up-185x114.jpg" /> <p><!--summary start--> The People’s Pension has become the first independent master trust in the UK to reach £25bn in assets under management (AUM) today. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/07bb3fb/b3b81430-e53d-4b7d-a862-814cc9495016/4/Arrow-pointing-up-185x114.jpg https://www.professionalpensions.com/news/4175228/peoples-pension-reaches-record-gbp25bn-aum https://www.professionalpensions.com/news/4175228/peoples-pension-reaches-record-gbp25bn-aum https://www.professionalpensions.com/news/4175228/peoples-pension-reaches-record-gbp25bn-aum Fri, 16 Feb 2024 12:43:16 +0000 Legal Review: Is 2024 the year of UK CDC? <img alt="Legal Review: Is 2024 the year of UK CDC?" src="https://www.professionalpensions.com/api/v1/wps/0d4b041/1621c6ee-4414-4836-a560-4cb6ab1fea71/1/1920-1080-Chris-Sharpe-copy-edited-version-1-185x114.jpeg" /> <p><!--summary start--> On 14 December, the draft Occupational Pension Schemes (Collective Money Purchase Schemes) (Amendment) Regulations 2023 were laid before Parliament. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/0d4b041/1621c6ee-4414-4836-a560-4cb6ab1fea71/1/1920-1080-Chris-Sharpe-copy-edited-version-1-185x114.jpeg https://www.professionalpensions.com/opinion/4174825/legal-review-2024-uk-cdc https://www.professionalpensions.com/opinion/4174825/legal-review-2024-uk-cdc https://www.professionalpensions.com/opinion/4174825/legal-review-2024-uk-cdc Thu, 15 Feb 2024 15:21:18 +0000 What could effective pensions engagement look like? <img alt="What could effective pensions engagement look like?" src="https://www.professionalpensions.com/api/v1/wps/873abae/2804de58-c3d1-4176-b1f8-c04bd8299ff1/0/iStock-1321422473-185x114.jpg" /> <p><!--summary start--> The Pensions Policy Institute (PPI) has released a report on improving pensions engagement. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/873abae/2804de58-c3d1-4176-b1f8-c04bd8299ff1/0/iStock-1321422473-185x114.jpg https://www.professionalpensions.com/news/4174585/effective-pensions-engagement-look https://www.professionalpensions.com/news/4174585/effective-pensions-engagement-look https://www.professionalpensions.com/news/4174585/effective-pensions-engagement-look Thu, 15 Feb 2024 11:08:12 +0000 Government urged to end 'short-term' approach towards pensions policy <img alt="Government urged to end &#39;short-term&#39; approach towards pensions policy " src="https://www.professionalpensions.com/api/v1/wps/f7f0bca/88b919e3-532f-42f0-b674-873cafb7d001/5/Houses-of-parliament-iStock-642203426-185x114.jpg" /> <p><!--summary start--> The government should end the cycle of “short-term thinking” and the politicising of pensions policy with the introduction of a long-term savings commission for defined contribution (DC) savers, an industry report has found. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/f7f0bca/88b919e3-532f-42f0-b674-873cafb7d001/5/Houses-of-parliament-iStock-642203426-185x114.jpg https://www.professionalpensions.com/news/4173439/government-urged-end-short-term-approach-pensions-policy https://www.professionalpensions.com/news/4173439/government-urged-end-short-term-approach-pensions-policy https://www.professionalpensions.com/news/4173439/government-urged-end-short-term-approach-pensions-policy Tue, 13 Feb 2024 10:49:34 +0000 Retirement planning easier for couples, survey says <img alt="Retirement planning easier for couples, survey says" src="https://www.professionalpensions.com/api/v1/wps/bd69ff7/09e500ab-3bac-447d-bb96-3b568c43e589/0/Budgeting-and-calculating-pension-contributions-185x114.jpg" /> <p><!--summary start--> Single people find it more difficult to plan for retirement than those in couples, a survey from Phoenix Insights finds. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/bd69ff7/09e500ab-3bac-447d-bb96-3b568c43e589/0/Budgeting-and-calculating-pension-contributions-185x114.jpg https://www.professionalpensions.com/news/4173134/retirement-planning-easier-couples-survey https://www.professionalpensions.com/news/4173134/retirement-planning-easier-couples-survey https://www.professionalpensions.com/news/4173134/retirement-planning-easier-couples-survey Mon, 12 Feb 2024 15:07:16 +0000 What can the UK learn from the Dutch on CDC? <img alt="What can the UK learn from the Dutch on CDC?" src="https://www.professionalpensions.com/api/v1/wps/013914e/6393945b-d7d7-43e9-b09e-c4dc4bd760ec/0/Waters-Paul-Hymans-Robertson-2024-185x114.jpg" /> <p><!--summary start--> Collective defined contribution (CDC) – a new approach to providing pensions – has got lots of attention in the UK pension industry recently, particularly in the Mansion House reforms. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/013914e/6393945b-d7d7-43e9-b09e-c4dc4bd760ec/0/Waters-Paul-Hymans-Robertson-2024-185x114.jpg https://www.professionalpensions.com/opinion/4172486/uk-learn-dutch-cdc https://www.professionalpensions.com/opinion/4172486/uk-learn-dutch-cdc https://www.professionalpensions.com/opinion/4172486/uk-learn-dutch-cdc Fri, 9 Feb 2024 14:45:53 +0000 DWP launches small pots delivery group <img alt="DWP launches small pots delivery group" src="https://www.professionalpensions.com/api/v1/wps/41323a5/05664889-c4a9-4e41-a96c-58b7c55c2419/0/iStock-1391403811-185x114.jpg" /> <p><!--summary start--> The Department for Work and Pensions (DWP) has launched a group to tackle the issue of deferred small pension pots. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/41323a5/05664889-c4a9-4e41-a96c-58b7c55c2419/0/iStock-1391403811-185x114.jpg https://www.professionalpensions.com/news/4171693/dwp-launches-small-pots-delivery-group https://www.professionalpensions.com/news/4171693/dwp-launches-small-pots-delivery-group https://www.professionalpensions.com/news/4171693/dwp-launches-small-pots-delivery-group Thu, 8 Feb 2024 11:05:22 +0000 Increased AE contributions may have 'short-term pain' but long-term gain <img alt="Increased AE contributions may have &#39;short-term pain&#39; but long-term gain" src="https://www.professionalpensions.com/api/v1/wps/95736ad/6533e49a-834e-4a2f-b585-0d280fd5e8a4/1/iStock-1580937696-185x114.jpg" /> <p><!--summary start--> Increased pension contributions under the expansion of auto-enrolment (AE) will have broadly positive economic impacts over the long-term but will have adverse short-term impacts on employees’ wages, research from Royal London has found. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/95736ad/6533e49a-834e-4a2f-b585-0d280fd5e8a4/1/iStock-1580937696-185x114.jpg https://www.professionalpensions.com/news/4171374/increased-ae-contributions-short-term-pain-long-term-gain https://www.professionalpensions.com/news/4171374/increased-ae-contributions-short-term-pain-long-term-gain https://www.professionalpensions.com/news/4171374/increased-ae-contributions-short-term-pain-long-term-gain Wed, 7 Feb 2024 14:51:44 +0000 Schroders Capital launches renewables and energy transition LTAF <img alt="Schroders Capital launches renewables and energy transition LTAF" src="https://www.professionalpensions.com/api/v1/wps/a34e60f/7171d8da-5c5b-455e-a885-f0f543268af5/5/Horne-Tim-Schroders-185x114.jpg" /> <p><!--summary start--> Schroders Greencoat has launched a long-term asset fund (LTAF) dedicated to renewable energy and energy transition infrastructure. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/a34e60f/7171d8da-5c5b-455e-a885-f0f543268af5/5/Horne-Tim-Schroders-185x114.jpg https://www.professionalpensions.com/news/4171211/schroders-capital-launches-renewables-energy-transition-ltaf https://www.professionalpensions.com/news/4171211/schroders-capital-launches-renewables-energy-transition-ltaf https://www.professionalpensions.com/news/4171211/schroders-capital-launches-renewables-energy-transition-ltaf Wed, 7 Feb 2024 10:45:28 +0000 Government maintains AE earnings trigger at £10,000 <img alt="Government maintains AE earnings trigger at £10,000 " src="https://www.professionalpensions.com/api/v1/wps/8174e44/365c1577-f406-4b43-9f1b-245cfbc19afc/3/iStock-584884858-185x114.jpg" /> <p><!--summary start--> The government has confirmed the auto-enrolment (AE) earnings trigger has been maintained at £10,000 for 2024/25, following its annual review. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/8174e44/365c1577-f406-4b43-9f1b-245cfbc19afc/3/iStock-584884858-185x114.jpg https://www.professionalpensions.com/news/4170783/government-maintains-ae-earnings-trigger-gbp https://www.professionalpensions.com/news/4170783/government-maintains-ae-earnings-trigger-gbp https://www.professionalpensions.com/news/4170783/government-maintains-ae-earnings-trigger-gbp Tue, 6 Feb 2024 12:28:17 +0000 AE extensions could boost young adults' savings by over £100bn <img alt="AE extensions could boost young adults&#39; savings by over £100bn" src="https://www.professionalpensions.com/api/v1/wps/571e3fb/e592160b-d2cb-4653-86be-298bd481800d/1/GBP-cash-notes-iStock-1465991525-185x114.jpg" /> <p><!--summary start--> The extension to the provisions of auto-enrolment (AE) could add more than £100bn to the pension savings of young people over the course of their working lives, research from People’s Partnership has shown. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/571e3fb/e592160b-d2cb-4653-86be-298bd481800d/1/GBP-cash-notes-iStock-1465991525-185x114.jpg https://www.professionalpensions.com/news/4169911/ae-extensions-boost-adults-savings-gbp100bn https://www.professionalpensions.com/news/4169911/ae-extensions-boost-adults-savings-gbp100bn https://www.professionalpensions.com/news/4169911/ae-extensions-boost-adults-savings-gbp100bn Fri, 2 Feb 2024 12:41:00 +0000