Scottish Widows’ workplace pension assets hit £68bn at the end of 2020, comprising almost half of its total £113bn of open book assets under administration.
The provider reported 289,000 new members joined across its workplace schemes in 2020, along with 245 new schemes, taking its total membership to 3.5 million and total employers to 24,000. Overall, it...
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.
Pension schemes are increasingly seeking to provide additional support to members at retirement through online modellers and regulated financial advice, Aon says.
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.
ITM has acquired the products and assets of Profund Solutions from Mercer.