News

The Pension Protection Fund (PPF) has made its first direct investment into UK social housing after providing the majority of Monmouthshire Housing Association’s (MHA) recent £85m debt refinancing.

Professional Pensions rounds up some of the latest tender awards from across the industry.

The industry has welcomed the introduction of the Pension Schemes Act, with many praising the important changes it introduces for millions of savers in workplace pensions.

This week’s top stories included the government’s announcement that the normal minimum pensions age will rise to 57 in 2028, while PwC research suggested lagging remuneration and lack of diversity among trustees.

UK GDP was 1.2% higher in December 2020 as eased lockdown restrictions for the month helped to bring total growth for the fourth quarter of the year to 1% overall, according to the latest Office for National Statistics (ONS) data.

Standard Life Aberdeen (SLA) is expected to change its name as part of deal with Phoenix Group, which is set to buy the 200-year old Standard Life brand, according to reports.

The normal minimum pension age (NMPA) is set to increase to 57 under plans unveiled in a government consultation today (11 February).

Enhanced criminal and civil sanctions for defined benefit (DB) scheme negligence have become law after the Pension Schemes Act 2021 gained its place on the statute book.

Workplace savings fintech Cushon has expanded its acquisition target to include pension-focused businesses as well as master trusts.