LCP

People retiring in the UK will on average outlive their pension savings by 10 years, according to research by the World Economic Forum (WEF).

Dan Mikulskis says for pension schemes to engage with their members, they need to have the ability to invest in assets like renewable energy or social housing

This week's top stories included LCP appointing its first chief executive and Dunnes Stores' defined contribution scheme trustees being replaced after "governance failures".

Lane Clark and Peacock (LCP) has appointed Aaron Punwani as its first chief executive as the firm reshapes its management structure in a bid to support growth and innovation.

Here they are - the winners of the UK Pensions Awards 2019...

The Marks and Spencer Pension Scheme has completed buy-in deals worth £1.4bn with two insurers, mirroring similar transactions last year.

Potential changes to accounting standards and increased pressure on companies to accelerate contributions could worsen FTSE 100 scheme funding by up to £100bn, according to Lane Clark and Peacock (LCP).

The 3i Group Pension Plan has agreed a £95m bulk annuity transaction with Legal & General (L&G).

The trustees of the Dresdner Kleinwort Pension Plan have completed a full £1.2bn buy-in with Pension Insurance Corporation - covering the scheme's £900m final salary section as well as a £300m money purchase section.

This week's top stories included NEST applying to the regulator for authorisation, while Welplan announced plans to drop out of the master trust market.