The LGPS funds have sent their full proposals for pooling to the government. Stephanie Baxter looks at the final details of the eight pools.
At a glance Funds had to submit detailed pooling plans to government by 15 July Eight pools of various sizes, most using the ACS structure Just over a year has passed since the now...
Pension transfer values ended 2020 at £259,000, 8% higher than the start of the year, according to XPS Pensions, after suffering periods of substantial volatility linked to the pandemic while potential scams reached record highs.
Some £20.1bn of defined benefit (DB) pensions were advised to transfer between 2018 and 2020, while £10.2bn were recommended not to transfer, Financial Conduct Authority (FCA) data reveals.
Fintech workplace savings business Cushon has launched a net-zero pension available now to savers who want to “actively contribute towards slowing climate change”.
Pension trustees will have much more involvement in business discussions and corporates will need to think more about pensions when the watchdog’s increased powers come into force, LCP says.
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