News

The least financially secure pension savers may be increasing their personal debt levels or foregoing household essentials after paying pension contributions, The Investing and Saving Alliance (TISA) says.

Just over a quarter (26%) of institutional investors, including pension funds, are set to increase their level of investment in cryptoassets by 2025, according to Evertas.

Pension scheme members could be owed as much as £25,000 in back payments from GMP equalisation, according to research by XPS Pensions.

Over a third of asset managers (39%) were unable to provide a single example of a climate change related engagement effort despite 76% saying they “consider climate risks and opportunities”, according Redington.

Thames Water has contracted Aon to bring an “inspiring and innovative approach” to its 4,500-member strong defined contribution stakeholder plan.

Outflows from UK equity funds gathered pace in August, with £2.6bn of assets being pulled from the market area over the course of the month, according to Morningstar’s latest fund flows report.

This week’s top stories include findings from PwC that pensions schemes have been “shoehorned” into valuing liabilities against gilts, while Mercer launched a defined benefit master trust.

The lack of information cohesion across the industry is preventing savers from receiving true value for money from their workplace scheme, the Finance Technology Research Centre (FTRC) says.

Pension schemes have been “shoehorned” into valuing liabilities against gilts, creating a “herd mentality” that does not reflect scheme funding accurately, says PwC.

Trustees should have the ability to pause suspected scam transfers, respondents agreed in a Professional Pensions poll.