UK institutional pension schemes assets have more than doubled over the past decade to reach an all-time high of £1.7trn, according to a global study by Towers Watson.
The Global Pension Assets study found UK pension assets grew 5% last year and have soared as a proportion of GDP from 42% to 112% over the last ten years. The UK ranks as the third largest pension market...
The top stories this week were the High Court's decision to block the £12bn annuity transfer from Prudential to Rothesay Life, and a separate court ruling that 'raises the bar' for pension rectification exercises.
Guaranteed minimum pension (GMP) equalisation has soared to the top of pension schemes' to-do lists, with 58% stating it is a priority project, research from Equiniti has revealed.
Professional Pensions is holding its defined contribution (DC) conference on 4 September.