News

British people born between 2016 and 2018 are expected to live up to 4.2 weeks longer than those born in the 2015-17 period, according to the Office for National Statistics (ONS).

The Money and Pensions Service (MAPS) has made ten appointments across the pensions and wider financial sector to work on the practicalities of establishing pensions dashboards.

Defined contribution (DC) members in the default could see a 7% to 12% increase in total retirement savings by having investments in venture capital and growth equity, research shows.

Some 42% of pension savers think their funds will fall in value as a result of Brexit, with younger savers showing the most concern, according to Aegon.

Now Pensions, Scottish Widows Master Trust, Aspire Savings Trust, and the ITB Pension Funds have been authorised by The Pensions Regulator (TPR).

Over half of all UK defined benefit (DB) schemes have reduced their investment in equities over the last two years while diversifying into alternative growth assets, according to Aon.

The Institute and Faculty of Actuaries (IFoA) has launched a monitoring scheme in a bid to improve the effectiveness of actuarial regulation and promote ongoing improvement across the profession.

There has been no evidence to suggest that a “significant number” of people have opted out of their pension scheme after the final contribution rate hike, The Pensions Regulator (TPR) has said.

Thomas Cook’s four UK defined benefit (DB) pension schemes are expected to enter the Pension Protection Fund (PPF) as the company begins insolvency proceedings.

Pension Protection Fund (PPF) chief financial officer Andy McKinnon is stepping down from his role after seven years.