News

The government will pay out £21bn in income tax relief for pension contributions this tax year, while national insurance relief payments will rise to £18.7bn, according to statistics from HM Revenue and Customs (HMRC).

EY has launched a digital dashboard allowing trustees to more easily narrow the field of potential fiduciary managers before a tender process.

More than a third of pension schemes have appointed or are considering appointing an IFA to support their members, XPS Pensions Group research has found.

LGPS Central has launched a multi-factor equity fund with climate considerations core to its investment process.

Three-quarters of self-employed workers agree it is important to save for retirement, and more than half want help with it, according to NEST.

Defined contribution (DC) savers should not have their choices limited when it comes to savings plans and retirement decisions, a majority of this week’s 93 Pensions Buzz respondents say.

FTSE 100 risk settlement transactions have reached £70bn as a third of these firms remove longevity risk, according to Aon.

The National Grid UK Pension Scheme has agreed a £2.8bn buy-in deal with Rothesay Life, covering the benefits of an unspecified number of pensioner members.

The University of Oxford Staff Pension Scheme has received master trust authorisation from The Pensions Regulator (TPR), taking the total number of approved schemes to 34.

Pensions and financial inclusion minister Guy Opperman has written to the 50 largest pension schemes requesting action to combat climate change.