News

It is estimated that half of those born today could expect to be alive at the age of 82.3 years if male and 85.8 if female, according to the Office for National Statistics (ONS).

This week's top stories included calls for a national pensions debate to discuss investment strategies, and Xafinity's plans to acquire some Punter Southall businesses.

British Airways is set to close the New Airways Pension Scheme to future accrual and launch a flexible benefits scheme incorporating a new defined contribution pension scheme.

The pensions and financial inclusion minister has rejected suggestions that the government is dominated by Brexit discussions and has no time to deal with pensions issues.

Combining Xafinity and Punter Southall's "highly complementary" businesses to create the "largest pure-play UK pensions consultancy" will be beneficial for clients, according to Xafinity.

PS Independent Trustees will merge with HR Trustees to form the UK's second largest form of professional trustees.

PP research finds little support for amending pensions law to force consideration of climate risks.

Xafinity is set to buy the actuarial, investment consulting and administration businesses of Punter Southall Group in a shares and cash deal worth £153m.

Almost two-thirds of UK-based institutional investors, including pension funds, expect asset bubbles to negatively impact performance in 2018, according to research by Natixis Investment Managers.

Pension funds should incorporate climate change expertise onto trustee boards as it poses severe short-term risks to investments, the Pensions and Lifetime Savings Association (PLSA) has warned.