UK - Personal pension payouts are now half that of six years ago, a survey by financial statistics provider Moneyfacts shows.
It found that an individual with a personal pension retiring today could be 50% worse off than someone who made the same contributions but reached retirement six years ago.
Moneyfacts spokesman Richard Eagling explained: “Today, the best standard annuity, provided by Prudential, would produce a yearly income of £7280 from the same pension pot – a 32% fall.”
Most people want to avoid investing in projects that contribute to climate change, and would consider moving to another less-exposed provider, according to a survey commissioned by ClientEarth.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.