Defined contribution (DC) contributions were scaled back by 11% in the second quarter of 2020 as the impact of the pandemic set in, according to the Office for National Statistics (ONS).
Another week-on-week increase in the number of deaths with Covid-19 mentioned on the death certificate has brought total excess deaths since the beginning of the second wave to 5,000.
Trustees must know the signs of sponsor distress and be prepared to act quickly as the “first line of defence” for savers, The Pensions Regulator (TPR) has warned.
All-cause mortality remains higher than levels observed last year with the number of weekly deaths related to Covid-19 surpassing 1,000.
Overall mortality remains in line with pre-coronavirus trends despite a recent increase in Covid-19 related deaths, according to the Continuous Mortality Investigation (CMI).
Despite year-to-date mortality rates sitting at their highest in 12 years, the level of deaths in the third quarter remained broadly the same as in 2019.
The Continuous Mortality Investigation (CMI) has labelled statistics which show two months of deaths below 2019 levels as “modest”, warning of high excess figures.
The latest update from the Continuous Mortality Investigation (CMI) for week 30 of 2020 shows a sixth successive week of recovering death rates amid the coronavirus pandemic.
There were 7% less deaths registered in week 26 of 2020 than if death rates had been the same as week 26 in 2019, according to the Continuous Mortality Investigation (CMI).
The Continuous Mortality Investigation’s (CMI) mortality monitor has recorded a lower number of week-on-week deaths comparative to 2019 for the first since the outbreak of Covid-19 in the UK.
There is a continued gradual decline in the number of excess weekly deaths in England and Wales three months into the Covid-19 lockdown, according to the Continuous Mortality Investigation (CMI).
The number of people turning 55 and becoming eligible to use the pension freedoms will hit a peak of 941,000 this year, according to Aegon.
The number of excess deaths for week 21 of the year have been very similar to the number of Covid-19 related deaths for the first time since March, according to the Continuous Mortality Index (CMI).
A new tracker launched by XPS Pensions Group predicts Covid-19 related deaths for the UK are now at or close to 50,000.
A total of 2.2 times the amount deaths were registered in England and Wales last week when compared to data from 2019, according to the Continuous Mortality Investigation (CMI).
Covid-19 has presented the ONS with significant problems calculating inflation during lockdown. Latest Institute for Fiscal Studies research examines the challenges faced.
With wider funding challenges and the need to play for the long-term, any change to inflation indexation must be swift and firm, says Sir Steve Webb.
Private pension wealth has grown to £6.1trn in the last decade up from £3.6trn, Office for National Statistics (ONS) data shows.
This week’s top stories include the approval of the settlement deal between British Airways and the trustees of the Airways Pension Scheme, and calculations that show pension schemes could save 20% if they move to a defined contribution master trust....
AE has successfully brought millions of people into pension savings. But, as Kim Kaveh writes, it is far from perfect.
British people born between 2016 and 2018 are expected to live up to 4.2 weeks longer than those born in the 2015-17 period, according to the Office for National Statistics (ONS).
Membership of occupational pension scheme membership has risen to a record high of 45.6 million people as of the end of last year, according to the Office for National Statistics (ONS).
UK inflation unexpectedly remained below target for the third month in a row in March, as higher fuel prices were offset by the falling prices of food and computer games.
Nearly four in five UK employees are now members of an occupational pension scheme, Office for National Statistics (ONS) data reveals.