Defined benefit (DB) pension scheme trustees have been urged to lock in funding improvements “as soon as they can” following the market volatility seen in the past week, with demand for pension risk transfers (PRT) "accelerating".
Speaking to Pensions Age, Mercer partner, James Brundrett, explained that recent market volatility triggered significant improvements in pension schemes’ funding level on a solvency basis, with clients who were five years away from buyout “now in touching distance”
The Pensions Regulator (TPR) has urged pension scheme trustees to "remain vigilant" to the signs of employer distress amid recent economic challenges, although it clarified that employers are as "equally responsible" for protecting pension savers as trustees
UK defined benefit (DB) pension scheme funding levels saw significant improvements over the past month, after gilt yields faced an unprecedented increase following the government's mini-Budget, industry trackers have revealed
The year to July 2022 saw a 10 per cent increase in UK schemes appointing professional trustees and a 20 per cent increase in sole trustee appointments, analysis from LCP has revealed, with 43 per cent of pension schemes now having a professional trustee
Nearly a quarter (24 per cent) of employees cite support for sustainable personal finances, including green pensions, as one of the top four benefits they expect from a new employer, yet employer knowledge remains limited, according to research from Scottish Widows
Almost half (46 per cent) of UK workers aren’t confident that they’ll have enough saved for a comfortable retirement, despite auto-enrolment bringing improvements in participation rates, research from Barnett Waddingham has revealed