Pension savings and retirement funding remain Covid-19 stress victims
The impact of the coronavirus pandemic on pension savers in Britain is continuing into the second half of the year, heightening worry around funding retirement and saving adequately.
Figures from Aviva yesterday (17 August) showed the majority of savers between 45 and 60 remain worried about funding retirement. One in five have not taken action to strengthen their income however...
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The pensions industry in one word: What you said…
Professional Pensions asked its readers to describe the current state of the pensions industry in one word this week, eliciting a mix of predominantly gloomy adjectives.
Schemes ditch annuity brokers in favour of whole of market IFAs
Pension schemes are increasingly seeking to provide additional support to members at retirement through online modellers and regulated financial advice, Aon says.
Five news stories you may have missed this week
This week’s top stories included more details of PensionBee’s initial public offering and Just Group’s criticism of the effects of freezing the money purchase annual allowance.
Exclusive: ITM acquires Profund Solutions from Mercer
ITM has acquired the products and assets of Profund Solutions from Mercer.
