Aegon

More than 40,000 companies were issued fines for failing to meet auto-enrolment (AE) obligations in 2018, The Pensions Regulator (TPR) has confirmed.

Aegon has launched personalised animated video summaries for its members, in a bid to boost engagement.

The lifetime allowance will rise to £1,073,000 from next April as inflation in the year to September stands at 1.7%.

Some 42% of pension savers think their funds will fall in value as a result of Brexit, with younger savers showing the most concern, according to Aegon.

Legal and General (L&G) Retail Retirement has agreed an introducer agreement within its retirement income division to provide annuities to Prudential customers with guaranteed rates.

Aegon has incorporated ESG into its £19bn TargetPlan defined contribution (DC) default fund for its master trust and group personal pension plan.

Experts have called on the industry to personalise pension communications and expand auto-enrolment (AE) to all workers ahead of the fifth Pension Awareness Day on Sunday.

Long-serving Aegon UK chief executive (CEO) Adrian Grace will be replaced by Mike Holliday-Williams on 1 October.

Retirement confidence is on the rise, with more than half of savers yet to retire feeling they will be able to do so comfortably, according to research by Aegon.

Boris Johnson's mooted income tax reforms would create a double-edged sword whereby income tax winners would become pension tax relief losers, according to research by Aegon.