Michael Buerk’s latest TV show – Britain’s Great Pension Crisis, the first episode of which was broadcast at the beginning of the month – revealed just how poor the average person’s understanding of pensions is.
As Buerk pointed out, one in five Britons save nothing for their retirement and 80% of the country has no real idea of how much to put away in order to achieve a comfortable retirement. One illuminating...
A lost tourist asks a local for directions and gets the reply: “Well, if I were you, I wouldn’t start from here.
UKSIF says scheme trustees are failing to comply with their investment duties around ESG. Hope William-Smith looks at whether they need government intervention to get back on track.
By improving their stewardship activity and collaborating together, schemes can reduce the burden on resources, says Lauren Peacock.
This week’s top stories included The Pensions Regulator’s announcement of new measures around the appointment of professional trustees, and the £3bn Merchant Navy Officers Pension Fund completing a £1.6bn buy-in with Pension Insurance Corporation.
Pension Insurance Corporation (PIC) has raised £750m of new capital from its shareholders to fund a pipeline of new pension risk transfer deals expected to complete in 2020.