The defined benefit (DB) and hybrid pension scheme landscape has continued to shrink at a consistent rate over the past year, with the number of schemes falling by 2 per cent since 2022, the latest figures from The Pensions Regulator (TPR) have revealed.
TPR’s annual report on the occupational DB and hybrid scheme landscape showed that the percentage of schemes closed to future accrual has risen from 70 per cent to 72 per cent, while the proportion of schemes winding up remained steady at 4 per cent
Former Pensions Minister and member of the House of Lords, Baroness Ros Altmann, has urged the government to intervene to protect UK investment trusts from “flawed regulation” to support pension investment in UK-listed investment companies
The University and College Union (UCU) has raised concerns over the Universities Superannuation Scheme’s (USS) position on Gaza, calling on the trustee to review its investment links with Israel in light of the International Court of Justice’s (ICJ) ruling
A record-breaking £50bn of pension liabilities were secured with insurers in the UK in 2023, with further increases expected in the year ahead, analysis from Legal & General (L&G) has found
The Work and Pensions Committee (WPC) has announced plans to hold a follow-up session on its 2021 pension stewardship inquiry, to consider whether changes to fiduciary duties are needed
Nearly two thirds (64 per cent) of pension professionals believe that the General Code of Practice is a “real opportunity to add value”, whilst just over a third (36 per cent) view it as a box-ticking exercise, analysis from the Society of Pension Professionals (SPP) has found
The Ministry of Justice has launched a consultation on the draft Judicial Pensions (Amendment) Regulations 2024, which are designed to help facilitate the efficient functioning of the Judicial Pension Scheme
The government has confirmed its intention for the pooling of LGPS assets to be complete by March 2025, and for there to be fewer, but larger, pools in excess of £50 billion in size. But when push comes to shove, did the LGPS need further encouragement to pool its assets, or was it already heading in the right direction?
As part of Pensions Age’s year-long special focus on financial literacy, David Adams considers how the way we think sometimes stops us doing the right thing when it comes to retirement saving – and what the industry, employers and policymakers can do about it