itm-leaderboard-banner_oct2016

More Archive News

It is of “paramount importance” that the pension rights accumulated before and after Brexit of EU and British beneficiaries are protected, Pensions Europe has said
29/03/17
Pension flexibility for defined benefit pension scheme members is gradually becoming the ‘new norm’ since the introduction of the pension freedoms, Willis Towers Watson has reported
29/03/17
There will be “no negotiations of substance” on Britain leaving the European Union until October, according to political journalist Andrew Neil
29/03/17
In light of the government triggering Article 50 to begin the process of the UK leaving the European Union, pension schemes sponsors and trustees have been told to “keep calm and carry on”.

Downing Street revealed pictures of Prime Minister Theresa May signing the letter last night, 28 March, and the letter has been hand-delivered to European Council President Donald Tusk by the UK’s permanent representative in Brussels Sir Tim Barrow
29/03/17
A group of British BMW employees are set to hand in a petition and protest outside BMW’s Munich headquarters today, 29 March 2017, demanding that the Group’s bosses terminate their pension robbery plans
29/03/17
The Pensions and Lifetime Savings Association has launched a new guide aimed at assisting new and participating employers in the Local Government Pension Scheme
28/03/17
Cyber risk and attacks are caused by employee error in more than 90 per cent of cases, Barnett Waddingham has emphasised
28/03/17
Premier Foods has announced it has reduced the pension payments it will make to its schemes over the next three years by £32m
28/03/17
The pension scheme longevity market is in a “state of flux” due to differing mortality data, according to Aon
28/03/17
Two thirds, 65 per cent, of financial advisers have said that they expect defined benefit to defined contribution client enquiries to increase over the next year, Investec Wealth & Investment has found
28/03/17
Talya Misiri discusses the gender pay gap and pensions
27/03/17
Entrust Pension Limited has completed a £70m buy-in with Aviva
27/03/17
Tata Steel is reportedly ‘two to three months’ away from reaching a deal with regulators to allow it to severe ties with the British Steel Pension Scheme.

According to The Telegraph options include transferring the BSPS into a new scheme with lower benefits to ring-fence the company against further liability or moving the scheme into the pension into the Pension Protection Fund
27/03/17
Unite union members working for Fujitsu are on strike today, 27 March 2017, over job and pension cuts
27/03/17
The pensions dashboard must be “all singing, all dancing and all inclusive” when it is launched, PTL managing director Richard Butcher has said
27/03/17
The Association of British Insurers has responded to industry reaction regarding multiple pensions dashboards by confirming that this was the plan all along
24/03/17
More than 80 per cent of pension trustees have expressed low confidence in the clarity of costs incurred by asset managers, Willis Towers Watson has found
24/03/17
The Pension Protection Fund has launched a consultation on its proposals for the Pension Protection Levy for the next three year triennium, starting in 2018/19
24/03/17
The PGL Pension Scheme has completed the first unwinding of a longevity swap advised by Aon Hewitt
24/03/17
A round-up of the latest mandates and news in brief from the past week
24/03/17
The regulations surrounding defined benefit schemes are “inconsistent” with the “freedom enjoyed by the state” when it comes to setting pension ages, Gowling WLG director Chris Stiles has said
24/03/17
“Auto-protection” should be introduced to reduce pension savers’ exposure to financial risks in later life, the Centre for Policy Studies has proposed
23/03/17
Several voices in the pensions industry have expressed their concern at the proposals to implement a “radical timetable” for the state pension age
23/03/17
The Pensions Regulator has published a revised description of a professional trustee for consultation, as part of its 21st century trustee initiative
23/03/17
The increase of the state pension age to 68 should be brought forward to 2039, seven years earlier than planned, the independent state pension age review has recommended
23/03/17
The Pension Insurance Corporation reported an increase of 165 per cent in its pre-tax profit to £276m in the 12 months to 31 December 2016
23/03/17
The independent state pension age review has recommended that the triple lock policy on the state pension should be scrapped at the next parliament in 2020
23/03/17
The Money Age Awards 2017 are now open to entries
23/03/17
The pensions industry is to expect the introduction of multiple pension dashboards rather than a single platform, it has been revealed
22/03/17
The Treasury has ruled out “significant reform” of the UK’s pensions taxation system, it has been revealed
22/03/17
Women planning to retire in 2017 have closed the gap between their male counterparts when it comes to retirement income expectations, Prudential has found
22/03/17
BMW Group bosses are meeting with Unite union today 22 March 2017, to come to an agreement on its ongoing pension dispute
22/03/17
As we mark World Water Day, Natalie Tuck looks at the opportunities for pension funds to invest in water
22/03/17
UK mutual Royal London has appealed to The Pensions Regulator to look at streamlining the DB to DC transfer process
21/03/17
The Local Government Pension Scheme deficit is expected to have fallen by £12bn in three years, fifty per cent lower than predicted, despite a challenging UK defined benefit market, it has been revealed
21/03/17
The Consumer Price Index rate of inflation has hit its highest level since September 2013, rising to 2.3 per cent in the year to February 2017
21/03/17
Increasing the state pension in Scotland could cost the Scottish National Party an additional £60bn over the next 50 years
21/03/17
Sir Philip Green could potentially receive a £15m refund from the £363m he has paid towards the BHS pension scheme, details from the out-of-court settlement have revealed
21/03/17
The consultation on the Money Purchase Annual Allowance has not provided evidence to change the view of the government that the £10,000 allowance is not appropriate
20/03/17
Royal Bank of Scotland Group Pension Fund MNT Stephen Fallowell on why not to give a 'dad lecture' to pension fund members
20/03/17
Chancellor Philip Hammond’s introduction of a 25 per cent tax on transfers to Qualifying Recognised Overseas Pension Schemes (QROPS) is “wholly ill-conceived”, Pension Life has claimed
20/03/17
Strathclyde Pension Fund has signed a letter to food giants such as McDonalds, J.D. Wetherspoon and Domino’s Pizza Group urging them to reduce their use of preventative antibiotics on farm animals
20/03/17
Risk reduction is a “key driver” of increased gilts investments by pensions funds, Barnett Waddingham partner Rod Goodyer has noted
17/03/17
This weeks news in brief, including TPAS chair appointment, JLT Employee Benefits LGPS offering and the PLSA's Made Simple Guide
17/03/17
The HMRC’s online service for qualifying recognised overseas pension schemes (QROPS) is to close on 5 April 2017 as a result of the “pace and volume” of QROPS changes, the Institute of Chartered Accountants has learned
17/03/17
The provisional net investment of pension funds in gilts last year was the largest since 1963, the Office for National Statistics has reported
17/03/17
Average pensioner incomes have risen by almost 14 per cent in the last decade from 2005/06 to 2015/16, the Department for Work and Pensions has reported
16/03/17
Pensions Minister Richard Harrington has appointed Ann Harris as the new chair of The Pensions Advisory Service
16/03/17
JLT Employee Benefits has launched a new cross functional group specialising in serving local government pension schemes (LGPS)
16/03/17
Considerable data risks are being left unidentified as a result of schemes only focusing on conditional data testing, Trafalgar House has warned
16/03/17
Natalie Tuck discusses the top regrets people claim to have at 50 and why saving for a pension should be higher on the list
16/03/17
There are concerns that Chancellor Philip Hammond’s decision to backtrack on the increase to National Insurance Contributions for the self-employed could see pensions tax relief targeted to cover the shortfall.

During the Budget, last Wednesday 8 March, Hammond announced that due to the introduction of the new state pension, which increased the self-employed’s state pension entitlement, NICs for the self-employed would increase
15/03/17
In response to the Financial Conduct Authority’s proposals to update defined benefit transfer redress methodology published last week, the industry has commented that a broader review of the DB transfer process is needed
15/03/17
The Pensions Administration Standards Association has announced the members of its Pension Dashboard Working Group, which will be chaired by PASA director Geraldine Brassett
15/03/17
BMW workers from the Cowley and Hams Hall engine plants in the West Midlands will be holding protests today over the firm’s plan to close their defined benefit pension scheme
15/03/17
A “worrying number” of pension savers not planning to take financial advice could lead to a ‘mis-buying crisis’, LV= has warned
15/03/17
Scottish Council pension funds are investing close to £1.7bn in polluting, fossil fuel organisations, a new report has found
14/03/17
The PPF 7800 deficit has risen to £242bn during the month to the end of February 2017, the Pension Protection Fund has revealed
14/03/17
Royal Mail is contemplating a new pension proposal from the Communication Workers Union; a new type of arrangement where some financial risks will be shared between workers and the employer
14/03/17
The trustee of the Alps Electric (UK) Limited Pension Scheme has completed a £33m pension insurance buyout with the Pension Insurance Corporation
14/03/17
Nearly a quarter, 21 per cent, of pension savers are making greater use of ISAs for retirement planning following the pension freedoms, MetLife has found
14/03/17
ABI assistant director, head of retirement policy Rob Yuille looks at how the self-employed and those working in the gig economy could be brought into auto-enrolment
13/03/17
The UK private rental sector (PRS) has the potential to provide attractive infrastructure investments for Local Government Pension Scheme funds, Invesco Real Estate has found
13/03/17
Pension providers and schemes are being urged to streamline legacy data and client information to prepare for the digital change in the industry such as the creation of the pensions dashboard
13/03/17
Up to half a million lower paid workers could be at risk of missing out on tax relief on their workplace pension contributions, Royal London has reported
13/03/17
Pension Insurance Corporation has invested £93m in secured debt issued by the Welsh Housing Partnership, which was set up as a strategic initiative for delivering new affordable housing for four housing associations, supported by the Welsh Government
13/03/17
The Financial Conduct Authority has published its proposals to update the methodology on calculating redress for those who were given unsuitable advice to transfer out of a defined benefit scheme
10/03/17
The trustee board sector is “behind the game” when it comes to diversity, The Pensions Regulator chief executive Lesley Titcomb has said
10/03/17
Pension schemes need to overhaul their governance structures so they can “lean against the wind” to take opportunities when markets are doing well, RPMI Railpen investment director Ciaran Barr has said
10/03/17
There is weak price competition across the asset management industry in Britain, the Financial Conduct Authority has reported
10/03/17
Good governance is the "foundation of success" for pension schemes the PLSA has emphasised
10/03/17
Consultants and advisers must act as a "critical friend" for trustees to achieve the best possible outcomes for members, Redington and the Royal Mail Pensions Trustees have advised
10/03/17
Human capital is a “significant area” of risk for defined contribution members in default funds, Sustainalytics associate director Doug Morrow has said
09/03/17
Trustees must recognise and distil the behavioural biases inherent within trustee board decision-making processes, in order to navigate the economic environment, Aon Hewitt senior partner John Belgrove has said
09/03/2017
There is no such thing as a "soft Brexit" in Britain, Politician and Journalist Lord Daniel Finkelstein has said
09/03/17
Defined benefit pension schemes are subject to "unacceptable levels of risks" in the current system, the DB Taskforce chair Ashok Gupta has claimed
09/03/17
Tata Steel UK has completed the consultation process on its defined benefit pension scheme and has informed employees it will be closing the scheme to future accrual
09/03/17
Eight more master trust pension schemes have obtained master trust assurance, The Pensions Regulator has announced
09/03/17
Looking at how pensions have changed over the last few decades, former Shadow Chancellor Ed Balls noted that we must always be prepared for the unexpected
08/03/17
The Treasury has revealed that the introduction of the pension freedoms has generated much more than anticipated in tax revenue
08/03/17
The pensions industry needs to put diversity at the top of its agenda, the PLSA has said
08/03/17
The government is to introduce a 25% charge on transfers to Qualifying recognised overseas pension schemes (QROPS) from midnight tonight, Chancellor Philip Hammond has announced in his Spring Budget, in a bid to crack down on tax abuse of foreign pension schemes
08/03/17
The government has announced its plans to amend the tax registration process for master trust pension schemes to align with The Pensions Regulator’s new authorisation and supervision regime
08/03/17
The government has confirmed its intention to publish its review into the state pension age by 7 May 2017
08/03/17
The government has confirmed a reduction to the Money Purchase Annual Allowance to £4,000 from £10,000, despite receiving opposition from the pension industry in response to a consultation
08/03/17
Chancellor Philip Hammond has left pensions largely untouched in his Spring Budget, which although welcomed by some has been described as a “missed opportunity” by others
08/03/17
The Work and Pensions Select Committee has today initiated its inspection of Sir Philip Green's recent deal with The Pensions Regulator on the BHS pension scheme
08/03/17
Labour leader Jeremy Corbyn has given his support to the Women Against State Pension Inequality campaign group who are protesting against rapid increases to their state pension age
08/03/17
The Work and Pensions Committee is investigating the sale of Vauxhall to Peugeot, seeking clarifications on the pension scheme
08/03/17
"Great strides" have been made with women’s position in society but "big divides" still remain when it comes to women’s pensions, former Pensions Minister Ros Altmann has said
08/03/17
The Financial Conduct Authority has extended its risk warnings for the Lifetime ISA to highlight that savers could miss out on employer contributions if they switch their retirement savings to a LISA from a personal pension, following an industry consultation
07/03/17
A landmark same-sex pension equality case will begin in the Supreme Court tomorrow, 8 March, to decide whether a man can secure the same pension benefits for his husband as he could secure if he were married to a woman
07/03/17
Full mergers of defined benefit pension schemes into superfunds offer the “biggest gains”, according to the Pensions and Lifetime Savings Association’s Defined Benefit Taskforce
07/03/17
Brexit and the growing final salary transfer market will be the key drivers in increased demand for guaranteed drawdown options in the next two years, MetLife has claimed
07/03/17
Transfer values rose by 1.9 per cent over February from the previous month, Xafinity has reported
07/03/17
Providers have revealed that around half of customers contacted about a lost pension they have with them do not respond as they think it is scam
06/03/17
The timing of bulk annuity deals has been influenced by Solvency II changes, Aon Hewitt has said
06/03/17
Arcadia Group owner Sir Philip Green has revealed his plan to double annual payments into its pension scheme, The Telegraph has reported
06/03/17
Standard Life has confirmed the terms of its £3.8bn acquisition of Aberdeen Asset Management, which will see the creation of one of the biggest fund managers in Europe with a combined £660bn in assets if the deal goes ahead
06/03/17
The number of people who have reported that they breached the annual allowance limit for pension tax relief rose by 79 per cent, HM Revenue and Customs has revealed
06/03/17
Around £550m of ‘dormant’ pension fund assets left unclaimed could be used to fund social causes, if the government follows up on recommendations made by the independent Dormant Assets Commission
03/03/17
MPs are reportedly considering taking legal action over the Parliamentary Pension Fund’s approach to transparency as well as its possible failure to adequately address the long-term financial risks associated with climate change, the Green Party MP Caroline Lucas has said
03/03/17
Around half, 48 per cent, of employers say they need more regulatory support when it comes to their defined contribution pension schemes, research by Barnett Waddingham has revealed
03/03/17
The Pensions Regulator is to focus on becoming a “nimbler” organisation following its slow response to the BHS pension crisis, the Work and Pensions Committee has revealed
03/03/17
Perceptions of what value for money means for pension scheme members focus around ‘good returns’, new research has found
03/03/17
The latest mandates and news in brief from the past week
03/03/17
The Pensions Regulator has revealed it will carry out spot checks on employers across the UK to make sure they are complying with their auto-enrolment duties
02/03/17
The Department for Work and Pensions has today declared that the National Employment Savings Trust (NEST) is not permitted to expand into the drawdown market
02/03/17
Pensions tax treatment has become ‘schizophrenic’ due to the ringfence around pensions breaking down, PMI president Kevin LeGrand has stated
2/03/2017
An improved pension reform offer by the Nuclear Decommissioning Authority (NDA) has been welcomed by Prospect, the largest union representing workers on the sites
02/03/17
It has been noted that with preparations to trigger Article 50, commencing Brexit negotiations, the Budget may be a low-key affair but there are plenty of potential pensions topics to be aware of
02/03/17
The introduction of auto-enrolment, now over four years ago, signified one of the biggest changes to pension provision in the UK for decades but the complex and unfamiliar requirements mean that some employers have inevitably not complied with the legislation throughout the implementation process discusses DLA Piper partner Claire Bell
02/03/17
The final owner of BHS, Dominic Chappell, is to oppose legal action enforced by The Pensions Regulator to force him to pay millions of pounds into the collapsed retailer’s pension scheme, The Guardian has reported
02/03/17
The pensions industry must collectively work together to improve administration standards, the Pensions Administration Standards Association has said
02/03/17
The net pension deficit for the ITV defined benefit schemes almost doubled to £328m in the year to 31 December 2016
1/3/17
Work and Pensions Select Committee chair Frank Field has urged to government to consider replacing the triple lock policy with ‘double-lock plus’ from 2020 onwards
01/03/17
The deficit for all UK private sector pension schemes soared by 147.7 per cent in the year to 28 February 2017, JLT Employees Benefits has found
1/3/17
Insurance back-book deals could disrupt the annuities market in 2017 at times, Aon has warned
01/03/17
The Pensions and Lifetime Savings Association has launched a new campaign to encourage greater diversity on trustee boards
1/3/17
The UK defined benefit pension deficit grew by £50bn to £520bn at the end of February, new figures have shown
1/3/17
Today’s £363m settlement between Sir Philip Green and The Pensions Regulator on the BHS pensions blackhole will finally see thousands of BHS pensioners offered their original pension promises
28/02/17
BHS chair of the trustees Chris Martin has expressed his delight at the £363m deal reached with Sir Philip Green for the retailer’s pension scheme
28/02/17
Former BHS owner Sir Philip Green has agreed a £363m cash settlement with The Pensions Regulator for the company’s pension scheme
28/02/17
The Cancer Research UK Pension Scheme has completed a £250m pensioner buy-in transaction with Canada Life, Lane Clark and Peacock has announced
28/02/17
The triple lock policy is a ‘haphazard’ way of increasing the state pension relative to earnings, the Institute for Fiscal Studies (IFS) has said
28/02/17
Association of British Insurers director of long-term savings and protection policy Yvonne Braun
28/02/17
Due to strong demand, the deadline for the European Pensions Awards has been extended until 10th March
28/02/17
The Pension Quality Mark (PQM) has appointed former Pensions Minister Sir Steve Webb and former Shadow Pensions Minister Gregg McClymont as non-executive directors of its board
28/02/17
Standard Life has put aside £175m for its misselling of non-advised annuities, it has been revealed
27/02/17
Vacuum cleaner manufacturer Hoover is reportedly in “intensive” talks with the Pension Protection Fund and The Pensions Regulator to offload its pension scheme into the lifeboat fund
27/02/17
The Pensions Regulator executive director for regulatory policy Andrew Warwick-Thompson provides an update on the regulator's latest activities
27/02/17
The reality of a flexible retirement where workers reduce their hours and top up their income with a pension means they will have to work into their late seventies, according to research by Royal London
27/02/17
Defined contribution pension schemes have quickly become the new normal for 98 per cent of new employees joining FTSE 350 companies, Willis Towers Watson has reported
27/02/17
The combined British Airways defined benefit pension schemes’ deficit almost doubled to €989m since the end of June 2016
24/02/17
The Pensions Ombudsman has ruled in favour of Scottish Widows after a complaint was made against them involving a delay to a pension fund transfer, which resulted in a financial loss of £1,466.33
24/02/17
The latest mandates and news in brief from the past week
24/02/17
Not even the winds conjured up by storm Doris could dampen spirits at last night's Pensions Age Awards which saw close to 500 of the pensions industry's elite gather to celebrate the sector's successes from the past year
24/02/17
Rathbone Brothers has closed its defined benefit pension schemes to future accrual following the soaring of its pension deficit to £58.3m at 30 September 2016
23/02/17
Statistics published by the Financial Conduct Authority on the pension freedoms reveal a “failing system” with not enough people taking financial advice or shopping around before accessing their pots, industry voices have said
23/02/17
Almost four times the amount of people accessing their pension pots to buy an annuity are using the freedoms to withdraw their whole pension pot, according to data from the Financial Conduct Authority
23/01/17
Association of Member-Nominated Trustees association member Lee Allford discusses the problems with collective decision making amongst trustee boards
23/01/17
The industry has welcomed the Department for Work and Pensions’ consultation on defined contribution bulk transfers, which has proposed to make it easier for schemes to carry out the transactions without member consent
22/02/17
Over 40 authorities and schools have submitted information to the Teachers’ Pension Scheme for almost 8,500 members as a result of intervention by The Pensions Regulator
22/02/17
Aon Hewitt has completed a bulk enhanced transfer value (ETV) for the Aon Minet Pension Scheme with a 33 per cent take-up rate, improving its buy-out position by £60m
22/02/17
Pension rules for police widowers who have remarried in England and Wales are “antiquated” and they should be brought in line with rules in Northern Ireland, according to North Wales Police Federation deputy secretary Mel Jones
22/02/17
Women could encounter a pensions shortfall of £47,000 at the end of their working life if the gender gap in employer contributions is not addressed, Zurich has reported
22/02/17
The government should consider ways it can extend auto-enrolment so that those with multiple jobs, who do not earn over £10,000 from one of the jobs, are eligible for a workplace pension
22/02/17
The Royal County of Berkshire Pension Fund is to acquire a 20 per cent stake in investment manager Gresham House
21/02/17
The removal of 'sexier' work benefits with the end of salary sacrifice, will encourage employees to focus more on their pensions argues Punter Southall Aspire associate director Darren Hedgley
21/02/17
BMW talks with Unite regarding its proposed pension arrangements are to continue while the threat of industrial action still looms, the union has warned
21/02/17
Transfer values were largely unchanged in January 2017 from the previous month, Xafinity has reported
21/02/17
The Pension Protection Fund has proposed a new levy rule for schemes without a substantive sponsor in its consultation document published today 20 February 2017
20/02/17
The government has said it is against designing and running a defined benefit ‘superfund’ through an arms-length body but is open to supporting the industry create new ways of consolidation
20/02/17
The UK government has said that it is "not persuaded" of an affordability problem for the majority of UK employers operating a defined benefit scheme
20/02/17
The UK government is performing a "£90bn high-wire balancing act" on defined benefit pensions, AJ Bell has argued
20/02/17
Giving The Pensions Regulator power to veto corporate restructuring activities, such as mergers and acquisitions, would be ‘disproportionate’, the government has stated
20/02/17
The government has proposed introducing ‘conditional indexation’ for defined benefit pension schemes so an employer could suspend increases to pension payments if it was in a stressed financial position
20/02/17
A deal to sell the European arm of General Motors, which includes Vauxhall, to France's PSA Group could be terminated due to the British company's pension scheme deficit, the BBC has reported
20/02/17
Blick Rothenberg partner Mark Abbs and senior tax manager Robert Salter look at how a lack of mobility and clarity on the treatment of pensions penalises internationally mobile employees
20/02/17
Corporate governance structures are necessary for sustainable returns for investors, the Pensions and Lifetime Savings Association has said
17/02/17
The calculation of the European Union’s pension liability must be calculated in a ‘reasonable’ way to determine the share the UK must pay upon leaving the European Union, according to a think tank
17/02/17
The latest news in brief and mandates from the past week
17/02/17
The Pensions Regulator is to end regulatory action against the Coats Group following the news that it has confirmed a £225m settlement with the trustees of its pension schemes
17/02/17
One in four, 25 per cent, of new pensioners are to retire in debt this year, in comparison to 20 per cent in 2016, Prudential has found
17/02/17
Firefighters have lost their claim that the new 2015 Firefighters’ Pension Scheme is discriminatory
16/02/17
Atomic Weapons Establishment workers have voted in favour of new pension agreements, putting an end to months of industrial action
16/02/17
The Association of British Insurers has urged the government to delay its ‘tax relief crackdown’ on pensions
16/02/17
Nearly three-quarters, 72 per cent, of pension savers have said that is it important for them to know where their pension pots are invested, Big Society Capital has found
16/02/17
The Financial Reporting Council has announced plans for a ‘fundamental review’ of the UK Corporate Governance Code
16/02/17
Financial advisers must utilise a “more scientific approach” to retirement planning, LV= has said
16/02/17
Thousands of Tata Steel employees have voted in favour of a proposal to alter their pensions
15/02/17
The London Pensions Fund Authority has been accused of funding highly damaging fossil fuel projects, including Donald Trump-backed oil pipelines, by campaign group Divest London
15/02/17
The Investment Association has appointed Peter Harrison as the new chair of its board
15/02/17
The Pensions Regulator’s suggestion that there should be a ban on the establishment of any new Small Self-Administered Scheme (SSAS) risks “throwing the baby out with the bathwater”, AJ Bell senior analyst Tom Selby has said
15/02/17
The Pensions Regulator, government and other regulatory bodies have been largely criticised for their delayed action on pension scams
15/02/17
Proposals by the government to exclude Qualified Recognised Overseas Pension Schemes from a statutory list of approved pension schemes people can transfer in to could “inadvertently hamper some members”, Aries Insight has warned
15/02/17
The government’s proposed reduction of the Money Purchased Annual Allowance from £10,000 to £4,000 is a policy based on ‘limited evidence’ and the government should ‘think again’
15/02/17
Pensioners drawing down an income from their pension savings will have to “think again” when considering how much they are to take from their funds following the recent inflation rise, Prudential has noted
14/02/17
Sackers partner Stuart O'Brien looks at the impact of corporate governance reforms on trustee stewardship
14/02/17
Xafinity has announced its intention to float on the London Stock Exchange on Thursday, with almost £180m expected to be raised by the Initial Purchase Offer (IPO)
14/02/17
Consumers need to be completely protected from “pension cowboys”, the Association for British Insurers has said
14/02/17
The aggregate deficit of all schemes in the PPF 7800 has reduced by £27.4bn as the funding ratio improved to 88.2 per cent
14/02/17
One in five people taking a yearly retirement income of 4 per cent will run out of money in 30 years, Aegon has found
14/02/17
Pension scheme trustees should be added to the list of stakeholders that company directors must have regard to and report on the exercise of their duties to, the Work and Pensions Committee has said
13/02/17
The investments and savings association, TISA, has voiced its support for a single financial guidance body (SFGB) to work closely with financial services firms to assist with the "chronic economic crisis of under-saving"
13/02/17
Pensioner households are £20 a week better off, after housing costs, than typical working age families, according to research by the Resolution Foundation
13/02/17
The future of the UK state pension age is uncertain and likely to rise further in the wake of Brexit, state pension age reviewer John Cridland has said
13/02/17
Unite leader Len McCluskey has warned BMW bosses that “serious industrial action will occur” if they continue to ignore concerns and close the firm’s defined benefit scheme
13/02/17
The Insolvency Service has said it is undertaking a “comprehensive forensic exercise” into BHS
10/02/17
The Institute and Faculty of Actuaries has given its backing to recommendations on climate change disclosure by the Task Force for Climate-Related Financial Disclosures
10/02/17
The Pensions Regulator has announced the appointment of Pauline Wallace and John Swift to its Determinations Panel
10/2/17
A new study into master trusts has found that although they have focused on administration, communication and governance, investment design is much less a priority
10/02/17
Talya Misiri considers why people may choose to invest directly in assets rather than through their pension savings
10/2/17
The latest mandates and news in brief from the past week
10/02/17
The Pensions Regulator has revealed it has paid £1.4m in external costs for the Silentnight legal case
09/02/17
Fees are the “Darth Vader” of the investment business it has been said
09/02/17
The law firm which represented Denise Brewster in her successful appeal to claim a survivor pension from her deceased fiance’s scheme has said that “reform is long overdue”
09/02/17
Pensions could be adapted to help fund old-age care, former Pensions Minister Ros Altmann has said
09/02/17
New research by Leeds University Business School (LUBS) has revealed that although trustee boards lack diversity they tend to be highly educated and are financially literate
09/02/17
The pensions industry has welcomed the “strong line-up” for the advisory group that will be working with the review into auto-enrolment
08/02/17
The government has announces the three themes that will be considered as part of the review into auto-enrolment, whilst also revealing the chairs of the review
08/02/17
Behavioural strategies can “improve decision-making and outcomes” when it comes to pension saving, the Pensions Policy Institute has said
08/02/17
The Supreme Court has ruled that an unmarried woman is eligible to receive a survivor’s pension from her deceased partner’s pension
08/02/17
A quarter of UK pension schemes could return to surplus if they adopted an alternative approach to set their valuations, Punter Southall Transaction Services (PSTS) has found
08/02/17
The Land Securities Group of Companies has completed a £110m buy-in for its FTSE 100 sponsored Pension and Assurance Scheme with Just
08/02/17
BP shares remain as a ‘buy’ for contrarian investors willing to take on an immediate level of risk, despite the company’s profits halving, according to The Share Centre
07/02/17
Talya Misiri questions why it has taken so long for the sector to embrace technology
07/02/17
European head-quartered companies are paying over two times more per employee into their UK pension schemes than their FTSE 350 counterparts, Barnett Waddingham has found
07/02/17
Pension schemes should review lower rates of UK mortality improvement to ensure fair pricing of longevity insurance transactions, Aon Hewitt has reiterated
06/02/17
Laura Blows discusses the importance of keeping the pension scheme’s objectives in mind when making decisions
06/02/2017
Over a quarter of pension savers believe they do not pay any administration fees for their investments, Alliance Trust Savings has found
06/02/17
The official costs of the new pension promises for the UK public sector is understated by £15bn a year, independent pension consultant John Ralfe told the Financial Times
06/02/17
Member nominated trustees play a vital role in ensuring high quality pension scheme governance and safeguarding members, the Association of Member Nominated Trustees has said
06/02/17
The government has confirmed that people will be able to withdraw up to £1,500 tax-free to pay for pensions advice from April 2017.

The Pensions Advice Allowance was first mooted by the government in the Autumn Statement in 2016
03/02/17
Current projections on life expectancy could see the state pension age rise to 74 by 2063, according to the Office for Budget Responsibility
03/02/17
The first month of 2017 saw a 10 per cent increase in consumer interest in annuities compared to January 2016
3/2/17
The latest mandates and news in brief from the past week
03/02/17
Wedlake Bell LLP head of pensions and employee benefits Justin McGilloway and trainee solicitor Katie Whitford look at the practical issues for those looking to transfer their pensions abroad as the UK prepares for Brexit
03/02/17
The concept and education around pensions should be introduced as early as childhood when there are “few behavioural biases”, the Pensions Policy Institute has said
2/2/17
An average male earner who delays their retirement until 65 instead of 55 could increase their pension pot by 60 per cent, according to a government report
02/02/17
The government failed to provide appropriately valued pension lump sums for an estimated 34,000 police and firefighters between 2001 and 2006, the National Audit Office has found
2/2/17
The combined defined benefit FTSE 350 deficit increased by £60bn in the 12 months to 31 January 2017, according to JLT Employee Benefits
02/02/17
The Pensions Regulator is warning employers who ignore their auto-enrolment duties that they could face a County Court Judgment, as its latest enforcement bulletin revealed the number of fines has increased
02/02/17
Raising National Insurance contributions could nudge the self-employed into saving for their pension, Royal London director of policy Steve Webb has said
1/2/17
There is confusion surrounding a missed pension payment by Thames Ambulance to its pension provider Nest
01/02/17
Auto-enrolment should be promoted as a “long-term savings account” to appeal to younger generations, Pensions Minister Richard Harrington has said
1/2/17
A new survey has found that 99 per cent of pension trustees are not focused on paying pensions and instead heavily focused on deficits
01/02/17
Companies could wipe £230bn off pension deficits by refining their approach to life expectancy projections, according to PwC’s Skyval Index
01/02/17
Over 12 million private sector workers will be “outside the auto-enrolment tent” by 2018 if the government does not lower the earnings trigger or find a way to include to self-employed, according to the Association of Consulting Actuaries
01/02/17
Annuity rates increased by 9.9 per cent per £10,000 in the fourth quarter of 2016, according to a report by Moneyfacts
31/01/17
The Pension Scheme Bill is set to increase standards and sustainability of master trusts schemes
31/1/17
The Pensions Regulator is “working” with Ofcom to understand what impact there will be on the BT pension scheme over Ofcom's decision to force BT to split from Openreach
31/01/17
The current parliament’s Pension Schemes Bill has been deemed as “disappointing” and “limited” in a recent parliamentary debate
31/1/17
Talya Misiri considers how appealing to the emotions of the masses can lead to greater pensions engagement
31/1/17
Over a quarter of UK adults, 26 per cent, have been approached about their pension by telephone, email or in the post in the last six months, Phoenix Group has revealed
30/01/17
Pension funds should take into account the risks of climate change to ensure intergenerational fairness in savings returns, the Institute and Faculty of Acutaries has advised
30/1/17
The UK’s pension scheme assets have grown by an average of 6.5 per cent during the last decade, in sterling terms, according to Willis Towers Watson
30/01/17
Sir Philip Green could be days away from signing a £350m deal with The Pensions Regulator to recover BHS' pension scheme deficit
30/1/17
The government is reportedly looking at excluding seasonal workers from auto-enrolment in order to reduce the burden on employers
30/01/17
John Lewis’s pension scheme deficit has dropped by £361m from £840m to £479m, it has been reported
27/01/17
The latest mandates and news in brief from the past week
27/01/17
The number of defined contribution pension scheme members has overtaken the number of members in defined benefit schemes, The Pensions Regulator has revealed
27/01/17
AWE staff have been described as full of confidence as they prepare for their second 48-hour strike this month over their broken pension promises, Unite has said
27/1/17
Pensions Administration Standards Association executive director Fergus Clark discusses the poor quality of governance amongst administrators
27/01/17
Tata Steel UK’s trustee has warned members that it expects to report a one to two billion pound deficit at its next actuarial valuation at the end of March this year, Reuters has reported
27/1/17
Pre-negotiated legal contracts and standardised off-the-shelf processes are two key evolutionary developments that are shaping longevity and bulk annuity markets, Willis Towers Watson has found
26/1/17
The Universities Superannuation Scheme (USS) is set to invest in a majority interest in a $3.1bn portfolio of loans made by Credit Suisse, Reuters has reported
26/1/17
Two in three people, 69 per cent, have never heard of the Lifetime ISA or understand what it is, Aegon has found
26/1/17
Hackney Council’s pension committee has committed to reducing the fund's fossil fuel investments by 50 per cent over the next six years
26/01/17
Registration is now open for the Pensions Age Northern Conference which will take place on Wednesday 7 June 2017 at Leeds Marriott Hotel
26/1/17
Annuities have consistently outperformed both the UK equity income fund and cash ISA returns over the last 10 years, IRESS UK has reported
25/1/17
One in five (22 per cent) of companies signed up to complete their auto-enrolment duties with NOW: Pensions signed up with the provider after their staging date in quarter four of 2016, it has been revealed
25/01/17
Around £9.2bn has been withdrawn from pension pots by savers since the introduction of the pension freedoms in April 2015, the government has revealed
25/01/17
The industry has voiced more concerns over the Lifetime ISA as the FCA consultation on rules for the sale of LISAs comes to a close
25/01/17
Registration is now open for the Pensions Age data seminar which will take place on Friday 7 April at the Hilton London Tower Bridge
25/1/17
The Financial Conduct Authority has issued an alert to pension firms warning them of their vulnerability to ‘smarter scams’
24/01/17
Pension funds enjoyed the highest returns last year since 2009, Moneyfacts has revealed
24/1/17
Engage Works and Brand Biology chairman Nick Burns discusses why it's time for pensions to get creative
24/01/17
An estimated £18bn was spent on bulk annuities in 2016, Aon has revealed
24/1/17
A majority of employers, 62 per cent, would consider redirecting their employer pension contributions to a LISA depending on the tax treatment of the contributions, Jelf Employee Benefits has found
24/01/17
Union representatives for the Atomic Weapons Establishment (AWE) are to meet defence procurement minister Harriet Baldwin, today, to urge her to intervene to resolve an ongoing pensions dispute
24/01/17
The Pensions and Lifetime Savings Association has backed the Department for Work and Pensions proposed methodology for converting a guaranteed minimum pension to a scheme pension
23/01/17
Thousands of pounds worth of personal financial data is being shared for minuscule costs, Which? has found
23/1/17
The Pension Insurance Corporation (PIC) has completed a pension insurance buy-in of approximately £100m with the trustee of the Alcatel-Lucent pension scheme
23/1/17
Scottish Widows has decided to remove early exit fees across its workplace and personal pension policies
23/1/17
In the aftermath of Trump's inauguration, the total UK defined benefit pension scheme deficit has fallen by over £200bn, Hymans Robertson has revealed
23/1/17
Natalie Tuck looks at whether the industry is onside with the idea of compulsory data sharing for the pensions dashboard
20/01/17
Tata Steel's pension fund has rejected city financier Edi Truell’s repeated attempts to recover the pension fund, noting it is an “unacceptable risk”, Reuters has revealed
20/1/17
More than one in five people with multiple pensions have lost track of one or all of their pensions, Aegon has found
20/1/17
Bringing you the latest news in brief and mandates from the past week
20/01/17
Pension funds must provide scheme data if the pensions dashboard is to be a success, industry figures have argued
19/1/17
Unite general secretary Len McCluskey has told striking staff at the Atomic Weapons Establishment that defence secretary Michael Fallon must honour pension promises made a quarter of a century ago
19/1/17
Up to £25bn could be erased from the collective UK defined benefit deficit if more accurate assumptions on longevity are made, Club Vita has said
19/1/17
Sandwich chain Subway has awarded Yorkshire pension firm Workplace Pensions Direct a contract to advise on the chain’s auto-enrolment dutie
19/01/17
The Financial Conduct Authority has banned advisory firm Bank House Investment Management from undertaking regulated activities over concerns it has with its pension transfer business
18/01/17
The Pensions and Lifetime Savings Association has called on investors to take a tougher stance on those who set executive pay policy
18/1/17
Head of retirement policy at Hargreaves Lansdown, Tom McPhail, has been unanimously chosen to chair a cross-industry group on pension and investment transfers
18/1/17
Just two grandparents per parliamentary constituency are benefitting from a scheme designed to help grandparents who make sacrifices to enable their daughters to get back to work, Royal London has found
18/1/17
One in seven companies signed up to set up their pension with Aviva missed their auto-enrolment staging date in quarter four of 2016
18/01/17
The Pensions and Lifetime Savings Association has outlined three elements that are needed to ensure Brexit works well for pensions
17/01/17
The ACA's Bob Scott reveals the findings of its Smaller Firms Pension Survey and why a flexible state pension age may be best for society
17/01/2017
The PMI's Tim Middleton explains why collective DC could be the answer to the most common DC problems
17/01/2017
A former pensions adviser to Boris Johnson is looking to rescue Tata Steel’s £15bn pension scheme, Sky News has reported
17/1/17
The Consumer Price Index rate of inflation rose by 1.6 per cent in the year to December 2016, its highest increase since July 2014, the Office for National Statistics has said
17/01/17
The PLSA's James Walsh explains why Brexit is not the only European upheaval ahead for pension funds
17/01/2017
Andrew Warwick-Thompson highlights The Pensions Regulator's 2017 focus on raising stewardship standards
17/01/2017
Laura Blows questions whether we should hear key industry figures’ personal retirement decisions
17/01/2017
Those calling for the reinstatement of a permitted investments list in the Self-Invested Personal Pension (SIPP) market believe it would have a positive effect in the battle against pension scams
17/01/17
Almost one in three pension schemes have been affected by fraud, with victims undergoing a threefold rise in scams in the last year alone, RSM has found
17/1/16
Claims of over 200 judges that they were discriminated against on the grounds of age, race, sex and equal pay in relation to changes made to their pensions by the Ministry of Justice have been upheld
16/01/17
Retirement advisers have been encouraged to discuss property wealth in addition to pensions to generate retirement income
16/1/17
There is no protection for trustees wanting to use the Department for Work and Pensions proposed new method of GMP equalisation against the risk of it being challenged in court, Sackers has said
16/01/17
The company founded by the merger of Just Retirement Group and Partnership Assurance has unveiled its new overarching brand - Just
16/1/17
Over half, 53, of FTSE 100 companies could clear their defined benefit pension scheme deficits if they withhold dividend payments for around two years, JLT Employee Benefits has found
16/01/17
BHS administrator Duff & Phelps has accused the Pension Protection Fund of dominating the entire process and increasing the cost of dealing with the chain’s collapse, The Times has reported
16/1/17
Forty per cent of employees transferring their defined contribution pot are unable to rejoin their employer’s pension scheme and receive the same employer contribution as to prior the transfer, Wealth at Work has revealed
16/01/17
The government has rejected a proposal of an annual review on the impact of the Lifetime ISA on auto-enrolment opt-out rates
13/01/17
Tata Steel has reportedly offered “hundreds of millions” of pounds to the British Steel Pension Scheme in a bid to reach a deal which would see the pension scheme release its guarantee over Dutch assets it holds
13/01/17
The Transparency Task Force has issued an open letter to the Work and Pensions Committee to emphasise the need for greater transparency of costs and charges in the pensions industry
13/1/17
A weekly round-up of news in brief and mandates from the pensions industry
13/01/17
Members of the CovPress pension scheme have been saved from entering the Pension Protection Fund as the company’s new owners have agreed to take on the scheme
12/01/17
The Atomic Weapons Establishment’s workers have announced their plans to stage two 48-hour strikes over its ‘broken promises’ pensions dispute
12/1/17
Customers risk making themselves poorer when choosing retirement products with guarantees, Milliman has found
12/1/17
The Pensions Regulator has been successful in a legal challenge regarding an anti-avoidance case concerning the Silentnight Group defined benefit pension scheme
12/1/17
The trustee of the Civil Aviation Authority (CAA) pension scheme has completed a £90m buy-in with the Pension Insurance Corporation
12/01/17
Aliaxis UK Defined Benefit Pension Scheme has completed a £36m bulk annuity deal with Just Retirement
12/1/17
Thirteen international asset owners and five asset managers with over £2trn under management launched the Transition Pathway Initiative at the opening of the London Stock Exchange stock market this morning
11/1/17
A majority of 80 per cent of working age individuals are not adequately saving for their retirement, the deVere Group has found
11/1/17
The pensions industry has been urged to work together to agree processes and implement data sharing standards in order to create the pension dashboard, ITM has urged
11/01/17
Disposable income amongst retired households has risen by 3.8 per cent since 2009/10, new figures from the Office for National Statistics revealed yesterday, reporter Talya Misiri takes a look at the generational divide this is causing
11/1/17
The government is in court facing a legal challenge from the Fire Brigades Union (FBU) over the introduction of a new pension scheme in 2015, which 'discriminates' against younger firefighters
10/01/17
The government has “no plans to do anything further” in terms of providing greater relief for Waspi women, Pensions Minister Richard Harrington stated
10/1/17
Just 8 per cent of people speak to a financial adviser before making a financial decision, new research by Aegon has found
10/01/17
Politicians should not intervene in the Tata workers’ ballot over their pension scheme changes, Unite union has said
10/1/17
The aggregate deficit of the PPF 7800 deficit rose by £29.2bn over the month in December 2016, it has been revealed
10/01/17
The union for nuclear workers, GMB, has today announced its plan to initiate a strike ballot over the £660m broken promises pension cuts for nuclear workers
9/1/17
A survey of senior-decision makers at small and medium enterprises has found that the majority, 51 per cent, are in favour of auto-enrolment for low paid workers, according to The People’s Pension
09/01/17
Tata Steel’s defined benefit pension scheme closure could compromise jobs at German steelmaker Thyssenkrupp, it has been revealed
9/1/17
The Pensions Regulator has issued its first fines against master trust schemes that failed to complete a chair’s statement
9/1/17
Professional social networking site LinkedIn is in talks with Aviva to launch a service designed to help people trace their lost pension pots, The Times has reported
09/01/17
Bernard Matthews’ trustees and the Pension Protection Fund have initiated a probe into whether the company’s pension scheme was robbed of funds before falling into administration last year, the Financial Times has reported
09/01/17
Companies will need an extra £10bn a year over the next decade to fund the pensions gap created by the Brexit vote, according to the PwC’s Skyval Index
09/01/17
With 2016 firmly securing its place in the most shocking year hall of fame, especially when it comes to politics and celebrity deaths, Pensions Age takes a look at what is on the agenda for pensions in 2017
06/01/17
Longevity predictions informing provisional state pension ages create a “false illusion”, Club Vita has claimed
6/1/17
The upcoming year will be a “busy year” for pensions cases heard in the courts, law firm Gowling WLG has noted
06/12/16
The £8.25m sale of Johnson Service Group’s (JSG) dry cleaning business to Timpson Group has benefitted its defined benefit pension scheme by £1.5m
6/1/17
Trade unions representing 16,000 nuclear industry workers across the UK are to meet on 9 January to consider strike action regarding £660m broken promises on pensions
5/1/17
With news that the Treasury has not included pensions as a way to save in 2017 from an infographic it has produced, Natalie Tuck looks at why this isn't just a careless omission
05/01/17
The proposed reclassification of Local Government Pensions Schemes as retail investors by the Financial Conduct Authority threatens the ability of the funds, according to the Pensions and Lifetime Savings Association
05/01/17
The Pension Protection Fund is seeking to recover £75m from the administrators of Bernard Matthews, the Financial Times has reported
5/1/17
The countdown to triggering Article 50 has led to a significant uplift in overseas pension transfers, the deVere Group has revealed
5/1/17
The GKN Group pension scheme trustee has secured an approximate £190m pension buyout with the Pension Insurance Corporation
5/1/17
Royal Mail has today launched a consultation with members of its pension plan and its trade unions regarding the future of the scheme
5/1/17
Defined benefit transfer values ended up 15 per cent at the end of December 2016, according to the Xafinity Transfer Value Index
4/1/17
The new year will see over £30bn of insured liabilities through buy-ins, buyouts and longevity swaps, Willis Towers Watson has predicted
4/1/17
The Pension Insurance Corporation, (PIC) has provided £87m of funding as the sole investor in a 46-year index-linked secured loan sponsoring the University Partnerships Programme (UPP)
4/1/17
The UK defined benefit pension scheme deficit for FTSE 350 companies at 30 December 2016 rose to more than three times higher than the total at the end of 2015, Mercer has revealed
4/1/17
Over one million over-45s have fallen victim to email scams, Aviva Life UK has revealed
04/01/17
More than 50 per cent of small and micro businesses have said that they view auto-enrolment as a burden to their finances, a recent survey has revealed
03/01/17
The Pensions Advisory Service has launched a new self-service scam tool which gives information and guidance to those who may be too worried or embarrassed to verbalise their concerns
03/01/17
Former Pensions Minister Steve Webb and The Pensions Regulator’s executive director of auto-enrolment Charles Counsell have been awarded a knighthood and OBE for their work in the industry
03/01/17
The Department for Work and Pensions and the Treasury have been warned in a response to the Cridland review that they are “developing fundamentally contradictory expectations” of the pensions system
03/01/17
Defined benefit pension scheme deficits for all UK private sector pension schemes soared by over £200bn in 2016, according to JLT
03/01/17
The Work and Pensions Committee's call for a review of The Pensions Regulator's powers, the PPF and pensions trustees "show a movement for change", it has been said
21/12/16
The Department for Work and Pensions has called for evidence on how it could improve rules concerning bulk transfers of defined contribution schemes without member consent
21/12/16
The Work and Pensions Committee has called for The Pensions Regulator to be allocated greater powers to intervene where employers fail to fulfil their pension commitments
21/12/16
Fund managers could be overcharging UK investors approximately £6.7bn for costly actively managed funds each year, Salisbury House Wealth has revealed
21/12/16
The Shipbuilding Industries Pension Scheme (SIPS) has almost completed investing in a property management fund through First Property Group plc
20/12/16
Over the last few years there have been some monumental changes in pensions policy in the UK with 2016 seeing a continuation of these policies as well as the introduction of some new ones, Barnett Waddingham senior consultant Malcolm McLean looked back over the year
20/12/16
Reporter Talya Misiri reflects on her first six months in the pensions industry.
Looking for a challenge in financial journalism, joining the Pensions Age team at the time that I did, (28 June 2016), was certainly that
20/12/16
Laura Blows reviews what has been a surprising year for the pensions industry and beyond
20/12/2016
HM Revenue and Customs is asking for far more information and documents when authorising new small self-administered schemes (SSASs) to prevent “inappropriate SSASs being established”, Dentons Pensions Management has highlighted
20/12/16
The Pension Scheme Bill will place member communications high up on its agenda, a parliamentary update has revealed
19/12/16
The government has launched a consultation on the introduction of a new financial guidance body expected in autumn 2018
19/12/16
The Court of Appeal has upheld a High Court ruling to allow the directors of Granada Group Ltd to keep an arrangement set up to provide security for unfunded top-up pension promises without shareholder approval
19/12/16
Total transactional buyout activity in 2016 is likely to fall short of 2014 and 2015 volumes which totalled £13.2bn and £12.4bn respectively, JLT Employee Benefits has revealed
19/12/16
Defined benefit transfer values dropped by 3.5 per cent in November, according to the Xafinity Transfer Value Index
19/12/16
The Pensions Regulator has announced its plan to launch a governance drive next year to clarify its expectations of schemes
16/12/16
Pension investments in the third quarter dropped for the first time in the year, down to £0.38bn, according to Equifax Touchstone
16/12/16
The final cost of leaving the European Union could be as high as £50bn, covering EU budget payments, pension liabilities for staff and other commitments, reports have suggested
16/12/16
The Merchant Navy Officers Pension Fund has bucked the trend of most other defined benefit pension schemes and increased its funding position by over 12 per cent
16/12/16
Coats Group Plc has agreed to issue a £255m payment into its pension schemes as a result of anti-avoidance action taken by The Pensions Regulator to safeguard the benefits of an estimated 24,000 scheme members
16/12/16
Exactly six months since Sir Philip Green’s appearance before the Work and Pensions Committee, the former BHS owner is yet to act on his promise to “sort” the retailer’s pension scheme.
15/12/16
The Pension Protection Fund has confirmed its planned levy rules for 2017/18 remain largely unchanged
15/12/16
Public and private sector workers who are part of the NHS pension scheme will be liable for a new levy to cover scheme administration costs from 1 April, according to plans by the Department of Health
15/12/16
Next year is set to be the “biggest year yet” for pension buy-ins and buy-outs, pension consultants at LCP have said
15/12/16
The government has confirmed that the exit charge for the Lifetime ISA will be scrapped for the first year, 2017-18
14/12/16
Labour has today stated its guarantee to provide pensioners with continued yearly income increases through the preservation of the triple lock policy
14/12/16
A pensions lobby group put Rupert Murchoch’s Sky takeover plans under increased pressure yesterday as it emphasised the need for an appropriate premium to be paid for the business, CityAM revealed
14/12/16
Pensions and retirement products are yet to emerge from the “Stone Age” when it comes to online banking technologies, Aviva has reported
14/12/16
Almost two thirds, 65 per cent, of respondents to a recent study have said that they want a level of flexibility in their pension options, it has been revealed.
14/12/16
Eighty per cent of union members have rejected a new pension proposal by the Atomic Weapons Establishment after months of consultations
14/12/16
Three hundred and twenty eight thousand savers are at risk of receiving poor value-for-money from their workplace pension scheme, the Department for Work and Pensions and the Financial Conduct Authority has revealed.

Latest analysis shows that a saver with a £100,000 pot could have a pension worth £10,000 less after 20 years in a scheme charging 1 per cent versus a scheme charging 0.75 per cent. This assumes average annual growth before charges are deducted of 5 per cent.
13/12/16
More than seven million people have been auto-enrolled into a pension since the introduction of the policy, figures from The Pensions Regulator have revealed.

In its latest automatic enrolment declaration of compliance report, it reveals that more than 340,000 employers have completed their declaration
13/12/16
The Pension Protection Fund 7800 Index has fallen to £194.7bn at the end of November 2016 due to the adoption of the Purple 2016 dataset
13/12/16
Post Office staff will take part in a five day strike in the week leading up to Christmas the Communication Workers Union, the trade union supporting Post Office workers, has announced
13/12/16
The Consumer Price Index rate of inflation rose by 1.2 per cent in the year to November 2016, the highest rate since October 2014 when it was 1.3 per cent, the Office for National Statistics has said
13/12/16
Pension funds and specialist investors have agreed to a £66.3m deal for 10 per cent of debts linked to the M25 motorway expansion, The Telegraph has reported
13/12/16
The government review into automatic enrolment is an opportunity to “set a direction” for the next decade, the chief executive of the Pensions and Lifetime Savings Association has said, as others in the industry welcomed the review
12/12/16
The government has announced a review of auto-enrolment to encourage a wider range of the UK workforce to save into a pension
12/12/16
RPMI Railpen has completed a £20.3m inflation linked debt capital investment through the Pensions Infrastructure Platform
12/12/16
Employees typically retiring at the age of 66 or above has risen to 35 per cent from eight per cent two years ago, the Association of Consulting Actuaries has reported
09/12/16
Seventy one per cent of young people aged 18 to 24 think putting money into a pension is a good idea, the Department for Work and Pensions has revealed
09/12/16
Data published by the Office for National Statistics has revealed a “pensions crisis” within the UK tourism industry, it has been claimed
09/12/16
Defined benefit scheme funding remained weak in the year to March 2016 falling slightly by £22.5bn, the Pension Protection Fund has revealed
09/12/16
Pension transfers from defined benefit to defined contribution schemes could be a “win, win, win”, Royal London director of policy Steve Webb has said
08/12/16
Tata Steel UK is to consult on a solution and the closure of its defined benefit scheme to future accrual, the firm announced on Wednesday (7 December)
08/12/16
News editor Natalie Tuck looks at why pensions should be forgiven for being seen as 'The Grinch' and rather that companies need to be less like 'Scrooge'
08/12/16
Annuities should form part of an individuals’ retirement plan to protect themselves against longevity risk, according to the OECD’s Pensions Outlook 2016 report
08/12/16
The value of pension transfers may start to level out at £1.5bn a year as the qualifying recognised overseas pension scheme (QROPS) market matures, it has been found
07/12/16
Over half, 56 per cent, of accountants have said they are telling all smalls businesses to choose the government’s Nest scheme, as a default, without researching whether this would be the best possible option for them, a report by employee benefits adviser Helm Godfrey has found
07/12/16
The cost of running a defined benefit pension scheme has risen by 37 per cent since 2015, the Pensions and Lifetime Savings Association has reported
7/12/16
Nearly two out of five pensioners, the equivalent of 4.4 million people fear running out of money during their retirement as they lack guaranteed income, MetLife has revealed
07/12/16
Just under a third, 32 per cent of over 75s with above average incomes suspect they were targeted by fraudulent investment scams in the past three years, the Financial Conduct Authority has found
6/12/16
The number of transfers to qualified recognised overseas pension schemes (QROPS) dropped by 6,400 in the year 2015/16, it has been revealed
06/12/16
The UK defined benefit pension scheme deficit for FTSE 350 companies showed a £22bn improvement at the end of November 2016, Mercer has revealed
06/12/16
The government has launched a consultation looking into how to tackle pension scams, following the announcement in the Autumn Statement that it would ban pensions cold calling
05/12/16
Greater risk awareness is required for pensioners choosing flexible retirement options such as drawdown, Aegon has warned
5/12/16
An industry working group has published a consultation with five proposals to improve pension and investment transfers.
05/12/16
The government is searching for a pension administration provider to manage the Royal Mail Statutory Pension Scheme (RMSPS) in a £31m deal.

The scheme has approximately 402,000 deferred members and pensioners, with around 116,000 of these also members of the Royal Mail Pension Plandeal
05/12/16
Atomic Weapons Establishment staff are set to lobby MPs over their pensions ‘betrayal’ at the Houses of Parliament tomorrow, 6 December 2016
5/12/16
UK private sector pension scheme deficits grew by £149bn in the year to 30 November 2016, JLT Employee Benefits has reported
5/12/16
The Institute of Chartered Accountants in England and Wales (ICAEW) has updated its guidance on master trusts for pensions trustees
2/12/16
Almost five million self-employed workers could benefit from a “pensions revolution” allowing them to be automatically enrolled into pension schemes and choose their own state pension age, The Telegraph has reported
2/12/16
Pension fund trustees who fail to address climate risks could face legal challenges, pensions expert Keith Bryant QC and UK barristers have confirmed
2/12/16
Prison officers have been granted an earlier retirement age with full pension benefits, Sky News has revealed
2/12/16
The shortlist for the 2017 Pensions Age Awards has been revealed.
2/12/16
The Financial Conduct Authority has set out a Decision Notice and decided to fine TailorMade Independent Limited chief executive Alistair Burns £233,600 for his failure to comply with regulatory standards
1/12/16
The government’s auto-enrolment policy has reversed the trend of a declining number of people saving into a workplace pension, according to statistics published by the Department for Work and Pensions.

In a report published today, covering workplace pensions participation and savings trends between 2005 and 2015, the DWP revealed that 79 per cent of eligible employees are now saving into a workplace pension
01/12/16
Members of Unite trade union from Diageo have announced their plans to vote on a new negotiated pensions proposal, the union has revealed
1/12/16
Eighty seven per cent of pension funds have said that executive pay is too high, the Pensions and Lifetime Savings Association has revealed
1/12/16
Annuity rates have increased by 10.6 per cent since a market low in August 2016, according to Retirement Advantage
01/12/16
Many UK defined benefit pension schemes may be missing an opportunity to reduce their pension risk and liabilities, Aon Hewitt has reported
1/12/16
Too many pensions policies are made “on the hoof” or introduce “unnecessary and undesirable cliff-edges”, according to Association of Consulting Actuaries chairman Bob Scott
01/12/16
The UK defined benefit pension deficit has improved by £50bn in November 2016, but remains at almost a third of UK GDP, PwC has reported
1/121/16
The Pensions Regulator has added record-keeping to its list of things trustees need to do for their scheme return to help improve standards
30/11/16
It is “particularly difficult to sell pensions” when “all people ever read about pensions are the problems”, the Work and Pensions Secretary Damian Green has claimed
30/11/16
The Pension Protection Fund has confirmed it is making changes to the actuarial assumptions used in s179 and s143 valuations, following a consultation
30/11/16
Sir Merrick Cockell will remain in his role as chairman of the London Pensions Fund Authority for a further two years, the London Mayor Sadiq Khan has confirmed
30/11/16
Chancellor Philip Hammond has accused the Labour party of being willing to “spray around commitments” without having “any idea of what it is going to cost them” when debating the future of the triple lock on the state pension
30/11/16
A petition of over 100,000 signatures will be presented to Arcadia today demanding the remuneration of the BHS pension scheme
30/11/16
The new state pension is set to improve incomes for groups who have traditionally had lower retirement incomes, including women, the Pensions Policy Institute has reported
29/11/16
The Department for Work and Pensions has launched a consultation on the indexation and equalisation of Guaranteed Minimum Pensions in public service pension schemes
29/11/16
UK defined contribution pension funds are now considering investments in active quantitative products, Invesco has found
29/11/16
Life expectancy figures published by the Office for National Statistics are much lower than figures based on insurance company data, according to Just Retirement
29/11/16
The state pension will increase by 2.5 per cent in April 2017, the Department for Work and Pensions confirmed yesterday
29/11/16
Aberdeen Asset Management’s net defined benefit pension deficit has increased by almost £30m over the year to 30 September 2016
28/11/16
The government “should be transparent” about its state pension age plans as a review into increasing the retirement age continues, Royal London director of policy Steve Webb has said
28/11/16
The Department for Work and Pensions has proposed to cut the general levy for larger occupational pension schemes
28/11/16
Post Office staff have decided to hold a 24-hour strike next week over plans to close its defined benefit pension scheme
28/11/16
Atomic Weapons Establishment staff will be holding their second 24-hour strike on 6 December over the company’s plan to close its defined benefit pension scheme
25/11/16
The FCA’s announcement of its plan to establish an annuity comparator has received a mixed reaction from the pensions industry
25/11/16
The Treasury has rejected speculation of its plans to scrap pensions tax relief, the Financial Times has reported
25/11/16
The Financial Conduct Authority has launched a consultation on proposals to require annuity providers to inform customers on how much they could gain from shopping around and purchasing an annuity from a different provider
25/11/16
A “change programme” is needed to help people with the shift in the market from defined benefit to defined contribution pensions, according to The Pensions Advisory Service chief executive Michelle Cracknell
25/11/16
Wording in the consultation on the money purchase annual allowance (MPAA) is the “clearest indication” to date that Chancellor Philip Hammonds will act to change pension tax incentives, the industry has noted
25/11/16
One day after the Chancellor’s Autumn Statement, many will have had time to digest the pension announcements, but others have picked up on some notable exclusions
24/11/16
Around 13.6 million people are at risk of not meeting their retirement income target replacement rate because they are not saving enough, according to research by the Pensions and Lifetime Savings Association
24/11/16
BHS staff who have become eligible for their pensions since the company’s collapse will receive “haircut” incomes, The Pensions Regulator has said
24/11/16
The best security for a defined benefit pension scheme is “a thriving employer”, The Pensions Regulator has claimed
24/11/16
The reduction to the money purchase annual allowance from £10,000 to £4,000 could cost some individuals over £100,0000, Pitmans Trustees have estimated
24/11/16
The government should involve pension funds in the financing of its economic infrastructure plans, London Pension Funds Authority (LPFA) chairman Merrick Cockell has stated
23/11/2016
Chancellor Philip Hammond did not mimic the tricks of his predecessor George Osborne, by unveiling any dramatic pension policies, when delivering his first Autumn Statement today, as he confirmed the government will be consulting on banning pensions cold calling
23/11/16
The reduction of the money purchase annual allowance (MPAA) from £10,000 to £4,000 a year, is an “unnecessary tweak” that “flies in the face” of the government’s previous efforts to make retirement more flexible, industry reaction has revealed
23/11/16
The tax treatment of foreign pensions will be more closely aligned with the UK’s domestic pension tax regime, the Chancellor has confirmed in his Autumn Statement document
Foreign pensions taxation to ‘more closely align’ with UK pensions tax system
The government has announced that it is to cut the money purchase annual allowance for pensions that have been drawn down to £4,000.

Delivering his first Autumn Statement in parliament today, 23 November, Chancellor Philip Hammond said: “For pensions that have been drawn down, I will also reduce to £4,000 the money purchase annual allowance to prevent inappropriate double tax relief being gained"
23/11/16
The government has confirmed that it will be consulting on introducing a ban on pension cold calling to increase protection for those vulnerable to scammers
23/11/16



Cautious optimism in a challenging world
Matthew J. Bullock, Investment Director, Global Multi-Asset Strategies, Wellington Management, meets Francesca Fabrizi to discuss how multi-asset strategies can help investors

Latest News Headlines
Adam Cadle provides a summary of the big pensions stories to have hit the headlines this week
Most read stories...
World Markets (15 minute+ time delay)
FTSE 100
7424.96
+9.01
Nikkei 225
19521.59
-68.55
S&P 500
2378.25
-3.13
Crude Oil
N/A
N/A