News

Levels of confidence in retirement saving remain persistently low, with feelings dampened further by Covid-19, but savers recognise the current opportunities in equities, a State Street Global Advisors (SSGA) survey finds.

The Countrywide Farmers Retirement Benefits has secured a £100m buy-in with Legal & General, insuring members’ benefits above Pension Protection Fund (PPF) compensation levels.

The majority (85%) of asset managers believe economic recovery is at least two years away, according to a poll conducted by XPS Pensions.

A majority of industry professionals polled opposed the idea of attending face-to-face events in October, Professional Pensions finds.

Border to Coast Pensions Partnership has announced £1.4bn of infrastructure investments in a drive to build a diversified global portfolio.

Pension schemes significantly heightened their interest rate and inflation risk hedging in the second quarter of the year, according to BMO Global Asset Management.

A three-pronged Work and Pensions Committee (WPC) inquiry to review the impact of pension freedoms has been welcomed by the industry as pension savers continue to fall victim to sophisticated scams.

More than 60 civil society leaders including MPs, climate experts, faith leaders and local councillors have signed an open letter accusing pensions and financial inclusion minister Guy Opperman of backing continued investment in fossil fuels.

Baroness Nicky Morgan has been appointed as a non-executive director of the board of the Financial Services Compensation Scheme (FSCS) alongside Cathryn Riley and Wendy Williams.

The Pensions and Lifetime Savings Association (PLSA) has launched a call for evidence on a proposal for a solution designed to support savers navigating pension freedoms as they move towards retirement.