Occupational pension scheme membership hit yet another record high in 2016, with more than 39.2 million saving through their workplace, latest Office for National Statistics (ONS) data reveal.
The membership is up 17.1% from 2015, when it was 33.5 million. This growth is even starker in terms of active defined contribution (DC) membership, which saw a 62.5% jump over the year. At the end of...
Defined benefit (DB) scheme trustees are looking to their schemes to provide them with better technological support, with eight in ten agreeing ad-hoc and online meetings will permanently replace the pre-Covid quarterly meeting cycle.
Average transfer takes 11.9 days
The Debenhams brand and website has been acquired by online fashion retailer Boohoo for £55m, although the pension scheme, shops, and stock will not be purchased.
Con Keating says last week’s Pensions Buzz survey indicates the true feeling of directly affected schemes to The Pensions Regulator’s DB funding code proposals.
The Universities Superannuation Scheme (USS) trustee board has warned investment returns will be lower in the future than expected as it edges closer to concluding its 2020 valuation.