This week’s top stories include The People’s Pension provider B&CE furloughing 140 staff in response to pressures from the coronavirus, while the UK’s finance regulators called on pension savers to stay calm and avoid making rash decisions regarding savings.
1) B&CE furloughs 140 staff and changes charging structure B&CE has furloughed just under a quarter of its members of staff in response to pressures from the Covid-19 crisis. 2) Hold off on rash...
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.