News

Stopping or reducing pensions contributions will begin to affect savers’ retirement outcomes if the habit is sustained too long amid the ongoing Covid-19 pandemic, Aon says.

The Department for Communities in Northern Ireland has proposed rules to remedy historic age discrimination for its Local Government Pension Scheme (LGPS) following the widespread McCloud reform.

Trustees must know the signs of sponsor distress and be prepared to act quickly as the “first line of defence” for savers, The Pensions Regulator (TPR) has warned.

The Pensions Management Institute (PMI) has launched a competency framework setting out the functional and technical competences needed to be effective in the industry at all career levels.

Mercer has introduced analytics and advice to help investors move their portfolios in line with the Paris Agreement's aim to keep global warming below 1.5 degrees.

Former BHS owner Dominic Chappell potentially faces his fourth personal bankruptcy in order to pay £9.5m of contributions he owes to the failed retailer’s pension schemes.

Aegon has launched a digital hub for employers to assist with the roll-out of their new pension scheme to employees.

The Prudential Staff Pension Scheme has entered into a £3.7bn longevity swap with Pacific Life Re, insuring the longevity risk of over 20,000 pensioners.

The gender pension gap has narrowed to just 1%, but the pay gap and part-time working ratio means women are still saving less per year than men, according to Scottish Widows.

The Baker Hughes (UK) Pension Plan has secured approximately £100m of liabilities through a buy-in with Just Group.