The Pension Insurance Corporation (PIC) boosted its financial investments last year by nearly £10bn to £40.9bn, up from £31.4bn the year prior, according to its full-year results.
The results - published today (9 March) - also reveal for the year ending 31 December 2019, 81% of longevity exposure was reinsured, while 225,100 pension fund members were insured, 33,000 more than in...
The onset of the pandemic dented asset valuations but it will take time to understand the true cost for defined benefit (DB) schemes.
More than 240,600 savers have lost an estimated £14.6bn of pension savings to fraudsters, but a further £2.5trn remains potentially accessible to criminals, The People’s Pension (TPP) says.
Another week-on-week increase in the number of deaths with Covid-19 mentioned on the death certificate has brought total excess deaths since the beginning of the second wave to 5,000.
Smart has launched a retirement product in a bid to help guide members and bridge the advice gap.