News

The Pension Insurance Corporation (PIC) boosted its financial investments last year by nearly £10bn to £40.9bn, up from £31.4bn the year prior, according to its full-year results.

Phoenix Group has confirmed the acquisition of rival life insurer ReAssure Group with the deal set for completion in the next six months.

More than two-thirds of the $36trn of assets held by some of the world’s largest asset managers are being managed by responsible investment "laggards" and poor performers, while the industry currently has no stand-out leaders in the space, research shows....

This week’s top stories include the rebrand of KPMG’s former pensions advisory practice, and the Department for Work and Pensions’ announcement that the general levy will rise 10% from 1 April.

The pensions of former staff of collapsed British airline Flybe will not be protected by the Pension Protection Fund (PPF) as it sits outside the lifeboat’s UK jurisdiction.

New chancellor Rishi Sunak is likely to ease restrictions on pension tax relief for high earners to meet the NHS workforce crisis.

The average age 40 to 54 year-old men and women expect to retire increased between 2006 and 2017 by more than two years, the Institute for Fiscal Studies (IFS) says.

Recent figures from the Investment Association (IA) have shown that UK retail funds raked in £4.2bn of net inflows in January, a 16% increase on the previous month and the biggest monthly inflow since January 2018, before markets were hit by coronavirus...

The Work and Pensions Committee is due to question the senior leadership of the Money and Pensions Service (Maps) on the progress made in developing the pensions dashboard.

Here it is… The full list of the individuals and organisations that have been nominated for the Women in Pensions Awards 2020.