News

Low income earners in the majority of master trusts are missing out on tax relief on their retirement savings due to a legislative technicality, according to research.

Granting statutory protection to pre-1997 benefits in defined benefit (DB) schemes would be an unfair cost to sponsors and would force even more closures, according to this weeks' Pensions Buzz respondents.

Pension transfer values rose last month from £232,000 at the end of February to £235,000 by the end of March, according to Xafinity's Transfer Value Index (TVI).

Greg Wenzerul has been appointed Zurich's first head of longevity risk transfer, as it seeks to grow its business in the market.

Women using drawdown can expect to receive £47,000 less in their pension pot over a typical 20 year retirement period, according to Zurich.

Barnett Waddingham has named Sonia Kataora as head of defined contribution (DC) investment following the promotion of Alex Pocock last month.

Half of millennials were saving into a pension in 2016 but the overall total of their savings has dropped, according to analysis.

Supermarket giant Tesco has halved its overall defined benefit (DB) deficit after adapting its discount rate calculations to better reflect trends in long-dated corporate bond yields.

Paul McGlone will take over from Hugh Nolan as the next president of the Society of Pension Professionals (SPP) on 1 June, the trade body has announced.

In this week's Pensions Buzz, we want to know if pre-1997 pension benefits should receive statutory protection against inflation.