UK pension shortfall to hit £26trn by 2050
A $224trn (£174.2trn) combined deficit could hit the six largest pension systems if action is not taken now to address longevity risk, the World Economic Forum (WEF) has warned.
The UK, US, Japan, Netherlands, Canada and Australia also need to improve access to their pension systems to prevent the looming crisis, the think tank added. If China and India were included in the calculation,...
More on Industry
Have you say: Do you think Rishi Sunak should freeze the lifetime allowance?
In this week's Pensions Buzz, ahead of Wednesday's Budget, we want to know whether you think Chancellor Rishi Sunak should freeze the lifetime allowance.
Industry Voice: Tech innovations for pensions needn't come from inside industry
Interactive digital dashboards, cloud-based platforms, artificial intelligence and machine learning – all of these have a place in the exciting future of the pensions sector.
LawDeb grows pension revenues by 8.3%
Law Debenture posted £11.5m of revenue in its pension business in 2020, growth of 8.3% on the prior year, with its governance service receiving enhanced activity.
Five stories you may have missed this week
This week’s top stories included a legal challenge over the government’s Retail Prices Index realignment, while British Airwards deferred £450m in deficit recovery contributions.
PLSA: Most pension tax reforms will leave things worse and schemes at risk
Most reform options for pension tax will leave many savers with smaller pots and cause substantially more costs for schemes and employers, says the Pensions and Lifetime Savings Association (PLSA).
