Just Group

Figures show over a third of retirees did not check their state pension forecast before retiring

Contract-based pension providers could be required to nudge savers to book Pension Wise appointments before accessing their savings.

Here it is, our monthly digest of the most important pension articles Professional Pensions has written and published over the last month, along with some contextual notes.

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.

The freeze in the money purchase annual allowance (MPAA) is set to “squeeze many more basic rate taxpayers”, according to Just Group.

A high proportion of savers are not taking an interest in their pension, which could have a “disproportionate impact” on women whose lower value pensions make them “more vulnerable to poor choices”, according to the Financial Conduct Authority (FCA)....

This week’s top stories include Axa’s deferred longevity swap with Hannover Re, and Capita’s restructuring plans for simplifying the business.

Just Group completed 23 buy-in and buyout transactions at a total volume of £1.5bn over the course of 2020, according to its annual results.

Hub Financial Solutions, the corporate solutions and advice business of Just Group, has formally launched an automated retirement advice service in a bid to offer a personalised offering to retirees.

The increase in financial scams during the last 12 months has promoted calls from all corners of the pensions industry for better support for savers.