Scottish Widows
Women saving for retirement cannot escape widening pensions gap
Most women are not saving enough for retirement and remain at risk of running out of money after they finish work, according to new analysis.
AE safety net for employed women leaves entrepreneurs to struggle
A third of female entrepreneurs in the UK are not saving any money towards their retirement, figures from Scottish Widows show.
All existing master trusts now authorised by TPR as Salvus and FCA receive approval
Salvus Master Trust and the Financial Conduct Authority Pension Plan have been approved by The Pensions Regulator (TPR), concluding the master trust authorisation regime for existing schemes.
Combined Nuclear Pension Plan authorised by TPR leaving four waiting for approval
The Combined Nuclear Pension Plan (CNPP) is the latest master trust to have been granted authorisation by The Pensions Regulator (TPR).
Fix pensions tax before pushing patient capital investments
With savers facing 100% of the potential downside of patient capital investment, as well as tax implications from the upside, Peter Glancy argues it is not the most enticing proposition.
BCF and Carey master trusts granted authorisation as regime hits one-year mark
The Carey Workplace Pension Trust and BCF Pension Trust have been granted authorisation, leaving just six master trusts waiting for approval from The Pensions Regulator (TPR).
Five stories you may have missed this week
This week’s top stories include Thomas Cook’s four pension schemes being poised to enter a Pension Protection Fund assessment period.
Now Pensions and Scottish Widows receive authorisation as TPR approves four master trusts
Now Pensions, Scottish Widows Master Trust, Aspire Savings Trust, and the ITB Pension Funds have been authorised by The Pensions Regulator (TPR).
Scottish Widows launches standard annuity onto open market
Scottish Widows has launched its standard annuity onto the open market to sit alongside its existing enhanced annuity.
How diverse are DC default strategies?
Punter Southall Aspire has published a report looking at the disparities in DC default fund approaches. Kim Kaveh analyses the data.
Bulk annuity market breaks yet another record with £17bn of first half deals
Around £17.5bn of buy-ins and buyouts were transacted in the first half of the year as market records continue to tumble.
Lloyds secures one million new pension customers, beating 2020 target
Lloyds Banking Group has secured one million new pension customers since the start of 2018, according to its half year results to 30 June.
Lloyds to pay SLA £140m in compensation over termination of Scottish Widows mandate
Lloyds Banking Group will compensate Standard Life Aberdeen (SLA) £140m for the attempted early termination of an investment management arrangement for Scottish Widows worth over £100bn.
Businesses support expansion of AE to low earners
The extension of auto-enrolment (AE) to more workers is supported by around three-quarters of businesses, according to research by Scottish Widows and the Confederation of Business Industry (CBI).
Trustee boards should prioritise industry data issues
Trustee boards are not focusing enough on data issues despite the bad effect poor data can have on members, according to a PMI roundtable in May. Holly Roach reports
Have IGCs improved value for money in contract-based pensions?
A fourth round of IGC reports has emerged and they are looking quite different to last year following regulatory change. Kim Kaveh looks at the key findings.
Merrill Lynch scheme completes £400m buy-in with Scottish Widows
The Bank of America Merrill Lynch UK Pension Plan has insured benefits for 915 pensioner members in a £400m buy-in with Scottish Widows.
Five stories you may have missed this week
This week's top stories included British Airways agreeing a settlement with the trustees of one of its schemes nearly six years after litigation was initiated.
Workers Pension Trust applies for authorisation as five confirm application status
Workers Pension Trust was one of the 30 master trusts to apply for authorisation ahead of the 31 March deadline, PP can reveal.
Scottish Widows completes buy-ins totalling £830m with Peugeot and QinetiQ
Scottish Widows has completed two bulk annuity transactions totalling £830m, insuring benefits for the Peugeot Advanced Pension Plan and the QinetiQ Pension Scheme.
A bulk annuity market innovation for small schemes
The challenges for small pension funds to buy out their liabilities are well-known. A solution has emerged and is set to become popular across the DB universe, writes Stephanie Baxter
Five stories you may have missed this week
This week's top stories include Marsh & McLennan Companies' acquisition of JLT, and The Pensions Regulator authorising Legal and General's two master trusts.
Scottish Widows and Lewis master trusts apply for authorisation as 44 others close
The Scottish Widows Master Trust and the Lewis Workplace Pension Trust have applied for authorisation to continue operating in the master trust market, PP can reveal.
SLA tribunal triumph over Lloyds termination of £109bn Scottish Widows mandate
Standard Life Aberdeen has won a tribunal in which it claimed Lloyds Banking Group was not entitled to give notice to terminate investment management arrangements for a £109bn mandate.
