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PENSIONS
There are 1268 articles for the PENSIONS category
Over a third of employees (39%) do not feel confident they are making the right decisions about their pensions, despite almost all employers believing their workers understand and value their workplace pensions, according to research from Cushon
Posted: 12/06/2026
Over four in five (83%) consumers are turning to unregulated sources such as AI tools, social media platforms and online influencers for financial guidance, raising concerns about the quality of information being used to inform long-term retirement decisions, research from Zable has revealed
Posted: 10/06/2026
M&G has agreed to make its PruFund range available on the Scottish Widows Platform, marking its first third-party platform launch
Posted: 08/06/2026
Pensions Minister, Torsten Bell, has described pension saving rates among the self-employed as a "catastrophe", warning that further reform is needed to build on the success of automatic enrolment
Posted: 04/06/2026
Only 9% of working-age people are on track for a comfortable retirement and just 23% are expected to achieve a moderate standard of living, suggest new figures from Pensions UK.
The latest analysis, calculated by the Centre for Research in Social Policy, Loughborough University, suggested that around 82% of workers will reach the minimum retirement living standard, but far fewer are saving enough to achieve higher levels of financial security in later life
Posted: 03/06/2026
More than 2.8 million workers are expected to reduce their pension contributions following planned changes to salary sacrifice arrangements from April 2029, new figures by pension consultancy LCP have revealed
Posted: 01/06/2026
Even a modest improvement in pension investment performance could dramatically increase retirement savings, with a 1% rise in annual returns potentially adding more than £150,000 to a worker’s pension pot over the course of their career, suggests new research from Smart Pension.
Posted: 26/05/2026
The Abbey Life Assurance Company Limited Staff Pension Scheme has completed a £200m buy-in with Standard Life, which is also the scheme sponsor, securing the benefits of more than 1,500 members
Posted: 21/05/2026
The Pensions Commission has warned that the pension system needs to evolve to meet modern working lives, with 15 million people in the UK currently undersaving for retirement, according to its interim report.
The report highlighted that the issue was particularly evident among low and middle earners, the self-employed, and women, and the number undersaving could reach 19 million people without action
Posted: 19/05/2026
The Leeds Building Society Staff Pension Scheme has completed a £66m buy-in with Royal London, securing the benefits of 590 members
Posted: 15/05/2026
The number of residential property transactions in the UK in March dipped by 39% compared to the same month last year, new HMRC figures have shown
Posted: 30/04/2026
More than half of advisers (57%) have said their clients are uncertain about pensions being subject to inheritance tax (IHT) from April 2027, according to a new study by Scottish Widows
Posted: 13/04/2026
The number of people accessing their pension savings as soon as they are able to has reached a five-year high, amid growing concerns about upcoming inheritance tax (IHT) changes, research from Lubbock Fine has shown
Posted: 10/04/2026
One in seven (15%) parents with children aged over 18 are planning to delay or have a more modest retirement to provide them with financial support, research from Standard Life has found
Posted: 30/03/2026
More than seven in 10 UK adults have little or no confidence in the Government to make decisions about how their pensions are invested, according to research from the Association of British Insurers (ABI)
Posted: 18/03/2026
The Pension and Life Assurance Plan of Godolphin Company Limited, sponsored by St Aubyn Estates, has secured a £1.2m ‘micro’ buy-in with Just Group using Isio’s PenUltimate Micro framework
Posted: 11/03/2026
The Safeway Pension Scheme has completed an £80m buy-in with Canada Life, insuring the benefits of over 350 deferred members and 1,450 pensioners
Posted: 03/03/2026
Self-employed workers are more than twice as likely as employed workers to believe they will never retire, according to research from the Get Britain Pension Ready campaign
Posted: 19/02/2026
The Senior plc Pension Plan has completed a £180m buy-in with M&G, securing the pension benefits of over 3,000 members
Posted: 16/02/2026
There is "untapped" demand for professional advice in later life care, Just Group has stated
Posted: 16/02/2026
Adults in the UK are at risk of making poor financial decisions amid a lack of understanding of retirement options, research from Hargreaves Lansdown has shown
Posted: 03/02/2026
The equity release market grew by 11% in 2025 as lending increased to £2.57bn, the Equity Release Council has revealed
Posted: 27/01/2026
The Oxford Instruments Pension Scheme has completed a £213m buy-in with Royal London, securing the benefits of more than 1,600 members
Posted: 23/01/2026
Self-employed workers lack confidence in their retirement savings being able to support them in later life, despite the vast majority contributing to a pension, research from PensionBee has found
Posted: 21/01/2026
Almost a quarter (24%) of Brits planning to retire within the next two years have taken no steps to prepare for retirement over the past 12 months, research from Scottish Widows has revealed
Posted: 15/01/2026
The NG Bailey Pension and Life Assurance Plan has completed a £155m buy-in with Pensions Insurance Corporation (PIC)
Posted: 08/01/2026
Cancelling unused direct debits and redirecting these funds into a pension could add up to £37,000 extra in retirement, new analysis by Standard Life has indicated
Posted: 06/01/2026
Almost a quarter (24%) of people in the UK have three or more pensions, a study conducted by Opinium on behalf of Hargraves Lansdown (HL) has found
Posted: 05/01/2026
The trustee of the Peel Ports Final Salary Pension Scheme has completed a £230m buy-in with Pension Insurance Corporation (PIC), securing the pensions of around 2,000 members
Posted: 19/12/2025
The Ridsdale Pension and Death Benefit Trust has completed a £7m full scheme buy-in with Just Group, securing the benefits of 30 members, comprising 22 pensioners and eight deferred members
Posted: 16/12/2025
Less than a third (31%) of people are able to identify the purpose of pension tax relief, Hargreaves Lansdown has revealed
Posted: 08/12/2025
Two CF Fertilisers UK pension schemes have completed a combined £265m buy-in with M&G, securing the benefits of more than 1,350 retirees and deferred members
Posted: 01/12/2025
A £2,000 yearly cap will be put on salary sacrifice pension contributions from April 2029, Chancellor Rachel Reeves announced in the Autumn Budget
Posted: 26/11/2025
Over a third (34%) of people said they don’t know how much they need to contribute to their pensions every year to give themselves a decent income in retirement, Hargreaves Lansdown has revealed
Posted: 11/11/2025
The Cosworth Racing Limited Pension Fund has completed a £96m buy-in with Legal & General (L&G), securing the pension benefits of over 1,000 retirees and deferred members
Posted: 05/11/2025
HMRC repaid more than £48m to people who overpaid tax when they flexibly accessed their pensions in Q3 2025, the latest Government Pension Schemes Newsletter has revealed
Posted: 30/10/2025
Almost a fifth (19%) of high-net-worth individuals (HNWIs) aged 55 and over are unaware that unused private pensions will be liable for inheritance tax (IHT), Charles Stanley research has found.
From 6 April 2027, changes to IHT rules will affect how pension pots are treated upon death, with unused private pensions being included as part of an individual’s estate
Posted: 27/10/2025
Almost three in five (59%) people are concerned about rumoured changes to pension tax-free cash rules in the upcoming Autumn Budget, Nucleus Financial Platforms has found
Posted: 23/10/2025
Two pension schemes sponsored by the UK subsidiary of a US-based retail group have completed two full-scheme buy-in transactions worth around £130m with Aviva, securing the benefits of approximately 600 deferred members and 1,200 pensioners and dependants
Posted: 23/10/2025
M&G has completed a £96m buy-in with an unnamed UK pension scheme, sponsored by a US parent company, securing the pension scheme benefits for over 1,000 members
Posted: 17/10/2025
Fears around additional pension reforms in the upcoming Autumn Budget have led to a 33% increase in SIPP withdrawal requests from Bestinvest’s do-it-yourself investors in September
Posted: 13/10/2025
The trustees of the Ferno (UK) Limited Retirement and Death Benefits Scheme have secured a full scheme buy-in worth approximately £4m with Legal & General (L&G), covering the benefits of around 100 members
Posted: 10/10/2025
Clients are increasingly accessing their tax-free pension allowance to gift to younger generations amid inheritance tax (IHT) changes and Budget speculation, according to Forvis Mazars
Posted: 01/10/2025
The Amtico Company Pension Scheme has completed a £52m full buy-in with Standard Life, securing the benefits of 425 members
Posted: 26/09/2025
The SG Pension Fund has completed a £160m buy-in with Aviva, securing the retirement benefits of more than 1,900 members
Posted: 25/09/2025
Just Group has completed a £23m buy-in with the Welcome Break Pension Plan scheme
Posted: 12/09/2025
Data from Action Fraud has revealed that £17,657,249 in pension savings was lost to fraud in 2024, with individuals losing an average of £33,848 each
Posted: 12/09/2025
The Pandrol Group Pension Scheme has secured a £45m buy-in with Royal London, covering around 200 scheme members
Posted: 10/09/2025
A petition calling to stop inheritance tax (IHT) coming under the scope of pension pots has passed 10,000 signatures within a month
Posted: 04/09/2025
The John Cotton (Mirfield) Limited Retirement Benefits Scheme has completed an £11m full scheme buy-in with Just Group
Posted: 26/08/2025
The ABB Plan has completed a £700m buy-in with Aviva, securing the retirement benefits of more than 4,450 pensioner members and over 2,900 deferred members
Posted: 20/08/2025
The Misys Retirement Benefits Plan has completed a £25m buy-in with Legal & General (L&G), securing the benefits of around 190 deferred and pensioner members
Posted: 15/08/2025
The Helaba Pension and Life Assurance Plan has completed a £36m buy-in with Pension Insurance Corporation (PIC), securing the benefits of all 156 pensioner and deferred members
Posted: 14/08/2025
The WCF Ltd Staff Retirement Benefits Scheme has completed a £7.2m buy-in with Legal & General (L&G), securing benefits for its remaining 122 deferred members
Posted: 08/08/2025
The Sedgwick Section of the MMC UK Pension Fund has completed a £1.9bn buy-in with Standard Life, covering the benefits of all members of this section of the scheme
Posted: 07/08/2025
The National Grid UK Pension Scheme has completed a £900m buy-in with Rothesay, securing the benefits of 7,130 pensioners and their dependants
Posted: 05/08/2025
A quarter (25%) of UK adults have stated that they do not feel financially independent, research by Scottish Widows has found
Posted: 28/07/2025
The Government has confirmed it is proceeding with its plans to include unused pension pots within inheritance tax (IHT) from April 2027 with the publication of draft legislation
Posted: 22/07/2025
The gender pension gap has risen to a "stark" 48%, figures from the Department for Work and Pensions (DWP) have revealed
Posted: 21/07/2025
The Honda Group UK Pension Scheme has completed an £800m buy-in with Legal & General (L&G) Assurance Society Limited, securing the retirement benefits of over 1,700 retirees and over 3,000 deferred members
Posted: 15/07/2025
Almost half (49%) of people have stated that they want to financially support family members in retirement, but just 28% see it as a "realistic aim", Hargreaves Lansdown has found
Posted: 08/07/2025
One in five (20%) baby boomers have described leaving an inheritance as one of their top five goals for retirement, Just Group has revealed
Posted: 07/07/2025
High net worth individuals (HNWIs) are significantly underestimating the amount of money they will need to achieve their desired standard of living in retirement, according to analysis from Saltus
Posted: 04/07/2025
The Molins UK Pension Fund has completed a £249m buy-in deal with Aviva, securing the benefits of over 3,500 members of the scheme
Posted: 03/07/2025
Just over a third (35%) of salaried workers are enrolled in their company’s salary exchange scheme, Scottish Widows has found, warning that the rest could be missing out on a pensions pot boost potentially worth tens of thousands of pounds
Posted: 11/06/2025
The majority of pension savers are not confident they can afford to retire, according to research from Hargreaves Lansdown, which found that just 36% of people surveyed are confident they can afford to retire
Posted: 11/06/2025
The Grant Thornton Pensions Fund has secured a £275m buy-in with Royal London, securing the benefits of around 2,200 members
Posted: 6/6/2025
The Morrisons Retirement Saver Plan has completed a £270m buy-in with Aviva, securing the retirement benefits of over 32,000 deferred members of the RSP Section of the scheme
Posted: 30/5/2025
Six in 10 people "don’t know" their pension is invested, according to a survey by Opinium, on behalf of Hargreaves Lansdown
Posted: 27/05/2025
The trustees of the Andrew Limited Pension and Life Assurance Plan have secured a £63m bulk annuity policy with Aviva, securing the pensions of all 570 scheme members
Posted: 15/05/2025
The AQA Pension Scheme has completed a £120m full scheme buy-in with Rothesay, covering the benefits of all 869 scheme members, including 471 pensioners and dependants as well as 398 deferred members
Posted: 14/05/2025
The Cancer Research UK Pension Scheme has agreed a £280m buy-in with Standard Life, covering the benefits of 2,800 members
Posted: 09/05/2025
The OSG Ship Management (UK) Limited Retirement Benefits Plan has completed a £16m full scheme buy-in with Aviva, covering the defined benefit (DB) liabilities for 53 members from OSG
Posted: 02/05/2025
The Gleaner Pension Scheme has completed a £7.5m buy-in with Aviva, securing the benefits of all 121 members, comprising 26 deferred and 95 pensioner members, and covering all the scheme liabilities.
Posted: 29/04/2025
The College of Law Pension and Assurance Scheme has agreed an £85m buy-in with Royal London, meaning that all scheme liabilities are now fully covered by insurance contracts
Posted: 28/04/2025
The Department for Work and Pensions (DWP) has repaid £804.7m to individuals impacted by historical state pension underpayments
Posted: 24/04/2025
Fifty per cent of UK adults do not know how much they’ll receive in their state pension, Standard Life has found
Posted: 17/04/2025
The South East Water Pension Scheme has completed a £120m buy-in with Just Group, securing the benefits of around 700 pensioner and dependent members and almost 300 deferred members
Posted: 14/04/2025
Rothesay has completed a £105m full scheme buy-in with the Skipton Building Society (2015) Group Pension Scheme
Posted: 09/04/2025
Anglo American Services (UK) has completed a £785m combined buy-in with Legal & General Assurance Society (L&G) for three of its defined benefit (DB) schemes
Posted: 24/3/2025
The Church of Scotland Pension Trustees has completed a £75m multi-scheme buy-in with Just Group, insuring the benefits of 1,500 pensioner and dependant members and 850 deferred members
Posted: 20/03/2025
Standard Life has furthered its strategic partnership with Fidelity International by launching the guaranteed lifetime income plan
Posted: 19/03/2025
The Fuller’s Defined Benefit (DB) Pension Plan has secured a full buy-in with Legal & General (L&G), following recent funding improvements
Posted: 14/03/2025
Standard Life has successfully reunited customers with £50m in lost pension savings within five months of launching its partnership with pension-finding platform, Raindrop
Posted: 12/03/2025
The A Gomez Limited Retirement Benefits Scheme has completed a £4.8m buyout with Aviva following a six-month process
Posted: 10/03/2025
Almost three quarters (74%) of independent financial advisers (IFAs) have re-evaluated the role of annuities in retirement planning following changes made in the Autumn Budget, Standard Life has found
Posted: 10/03/2025
The Inchcape Motors Pension Scheme has completed a £505m buy-in with Legal & General (L&G) Assurance Society, covering the benefits of 2,295 retirees and 5,890 deferred members
Posted: 05/03/2025
An unnamed UK-based asset manager's pension scheme has completed a £111m bulk annuity purchase (BPA) transaction with M&G, securing the benefits of 466 pensioners and deferred members
Posted: 25/02/2025
The 1973 Pension & Assurance Scheme of The Boys’ Brigade has secured a £4.5m full scheme buy-in with Just Group, insuring the benefits of 49 members, comprising 15 deferred members and 34 pensioner members
Posted: 24/02/2025
Retirees could be at risk of spending their pension pots by their late 70s, as a result of the 'lottery effect', Legal & General (L&G) has stated
Posted: 19/02/2025
The Deutz Retirement Benefits Plan has completed a £16m buy-in with Just, securing the benefits of 181 scheme members, including 70 deferred members and 111 pensioners
Posted: 17/02/2025
The Finning Pension Scheme has secured a £250m buy-in with Standard Life, covering the benefits of all 2,170 scheme members
Posted: 14/02/2025
The BAL section of the Tui Group UK Pension Trust has completed a £370m buy-in with Legal & General (L&G) Assurance Society, meaning that all section benefits are now fully secured.
Posted: 12/02/2025
Lufthansa UK Pension Trustee Limited has secured a £120m agreement with Royal London, which insures Lufthansa Group’s three UK defined benefit (DB) pension schemes in one integrated transaction
Posted: 3/2/2025
The Colthrop Board Mill Pension Scheme has completed a £23m buy-in with Aviva, securing the benefits of 69 deferred members and 152 pensioners
Posted: 31/01/2025
The gap between the best and worst paying annuities has increased in recent weeks, mirroring the rise in bond yields, Just Group has found
Posted: 30/01/2025
Higher-rate taxpayers could be missing out on additional pension wealth worth around £97,000 by not claiming additional tax relief via self-assessment tax returns, according to calculations by Interactive Investor
Posted: 29/01/2025
The Sanofi Pension Scheme has completed a £1.4bn buy-in with Legal & General (L&G) Assurance Society Limited, securing the benefits of 4,900 retirees and 5,600 deferred members
Posted: 28/01/2025
Over one in seven (15%) retirees are returning to work or are considering doing so in order to address financial pressures and a lack of pension provision, Standard Life has found
Posted: 28/01/2025
The Rockwool Limited Pension Scheme has completed a £53m full-scheme buy-in with Royal London
Posted: 24/1/2025
Raindrop has retrieved £251m in lost pension pots for customers in 2024, marking a 61% year-on-year increase from £156m in 2023
Posted: 22/01/2025
Pension contributions are not a priority for pension savers until they reach their 50s, Standard Life has found
Posted: 20/01/2025
Holophane Retirement Benefits Scheme has completed a £24m buy-in with Pension Insurance Corporation (PIC), securing the pensions of 95 pensioners and dependants and 74 deferred scheme members
Posted: 17/01/2025
The Compass Group Pension Plan has secured a £1.5bn buy-in with Standard Life, covering the benefits of over 14,000 pensioner members and 11,000 deferred members
Posted: 10/01/2025
C&J Clark Pension Fund has completed a £540m buy-in with Pension Insurance Corporation (PIC), securing the pensions of almost 5,000 pensioners and dependants and over 3,000 deferred policyholders
Posted: 07/01/2025
Just Group has called on retirees to shop around for the best deals after analysis found that the least competitive deals are paying older buyers less than those five years ago
Posted: 06/01/2025
Over four in five (81%) working-age adults have admitted that they don’t know where all of their pension pots are, Raindrop has revealed
Posted: 17/12/2024
The trustee of the Wates Pension Fund, together with Wates Group, have agreed to transfer members' defined benefit (DB) pension benefits to Clara, marking the first superfund transaction with a scheme with an active sponsor
Posted: 13/12/2024
The trustees of an unnamed pension scheme have completed a £17m full-scheme buy-in with Just Group, insuring the benefits of all 54 scheme members
Posted: 11/12/2024
The Hays Pension Scheme has completed a £370m buy-in with Pension Insurance Corporation (PIC), covering the benefits of 853 pensioners and dependents and 3,368 deferred members
Posted: 10/12/2024
Homeowners in England and Wales could almost double the amount of money they have on hand for retirement by using their property wealth, research by Legal & General (L&G) has found
Posted: 09/12/2024
The Avimo Pension Scheme has completed a £50m buy-in with Rothesay, securing retirement benefits of all 611 scheme members, including 416 pensioners and dependants and 195 deferred members
Posted: 04/12/2024
The Wednesbury Pension Scheme has completed a £43m buy-in with Just Group
Posted: 26/11/2024
Over a third (35%) of over-55s have said they do not believe they will be able to afford the retirement they want, Oxford Risk has found
Posted: 26/11/2024
The National Grid Electricity Group part of the Electricity Supply Pension Scheme has completed a £1.7bn buy-in with Aviva
Posted: 25/11/2024
The New Crown Motor Sales Limited Staff Pension Scheme has completed a £2.2m buy-in with Just Group, securing the benefits of 36 members
Posted: 22/11/2024
Three in 10 (30%) people approaching retirement are unaware of whether they’ll be taxed on their retirement income, Shawbrook Bank has revealed
Posted: 20/11/2024
The trustee of the G4S Pension Scheme has completed a £1.8bn full buy-in with Just Group, covering the benefits of around 22,500 members
Posted: 15/11/2024
Three in five UK adults (60%) are not confident they will have enough money to live comfortably in retirement, new research by Nucleus Commercial Finance has indicated
Posted: 14/11/2024
An unnamed defined benefit (DB) pension scheme has completed a £20m buy-in with Utmost Life and Pensions
Posted: 14/11/2024
Natwest Group has agreed a buy-in transaction with a third party insurer, with around a third of the main section of its defined benefit (DB) pension scheme now covered by insurance policies
Posted: 08/11/2024
The West Bromwich Building Society Staff Retirement Scheme has completed a £70m buy-in with Canada Life, securing the benefits of all uninsured scheme members, including around 490 deferred members and 400 pensioner members
Posted: 06/11/2024
Iress has added Scottish Widows’ new income protection (IP) product to its intermediary platform
Posted: 06/11/2024
The Armfield Limited Pension and Life Assurance Scheme has completed a £7m buy-in transaction with Just Group, securing the retirement benefits of the scheme's 24 pensioners and 15 deferred members
Posted: 1/11/2024
The St Modwen Pension Scheme has completed an £18m full-scheme buy-in with Just Group
Posted: 31/10/2024
Aspen Bridging has completed a £3m bridge-to-let deal for the purchase and renovation of a block of 13 flats in Bath, Somerset, in under a month
Posted: 30/10/2024
The Deutsche Bank Pension Scheme has completed a £1.1bn full buy-in with Legal & General (L&G), securing the retirement benefits of around 4,000 members
Posted: 29/10/2024
A third (33%) of retirees have said they don’t have enough money to live a comfortable life, Rathbones has found
Posted: 28/10/2024
HMRC repaid more than £44m to people who overpaid tax when they flexibly accessed their pensions in Q3 2024, the latest Government Pension Schemes Newsletter has revealed
Posted: 24/10/2024
More than two thirds (69%) of UK adults believe retiring in your sixties will become a ‘thing of the past’, according to a survey from Canada Life
Posted: 18/10/2024
The UK is on the "brink of a retirement crisis", with just 15% of UK workers setting clear financial goals and budgets for retirement, Barnett Waddingham has revealed
Posted: 10/10/2024
The Michelin Pension and Life Assurance Plan has agreed a £1.5bn full-scheme buy-in with Aviva, covering the retirement benefits of around 15,000 members of the scheme
Posted: 10/10/2024
Over half (55%) of UK adults with living parents are currently supporting or expect to support their parents financially in their retirement, Aegon has found
Posted: 08/10/2024
Thirty-eight per cent of British millennials are relying on money from their parents to help fund their own retirement pot, Moneyfarm has revealed
Posted: 08/10/2024
The Retreat York Pension Scheme has agreed a £30m full scheme buy-in with Royal London, securing the benefits of 202 pensioners and 108 deferred members
Posted: 04/10/2024
Half (50%) of Brits have never spoken to financial advisers when discussing their retirement plans, Killik & Co. research has revealed
Posted: 02/10/2024
Almost one in five (19%) people with multiple pensions believe they have lost track of at least one pension pot, Standard Life has found
Posted: 01/10/2024
Almost three in five (59%) millennials in the UK have said their current life stage means they struggle to save for retirement, Phoenix Group has revealed
Posted: 30/09/2024
The number of individuals accessing their pensions for the first time without taking regulated advice continued to increase in 2023/24, the latest data from the Financial Conduct Authority (FCA) has shown
Posted: 26/09/2024
The Merseyside Pension Fund has completed a £200m buy-in with Aviva, securing the benefits of around 2,500 scheme members, attributable to Arriva Merseyside Ltd
Posted: 18/09/2024
Over a quarter (28%) of the baby boomer generation have said that they have not ring-fenced money to fund any care they may need and still leave their family some inheritance, Charles Stanley has found
Posted: 17/09/2024
The majority of UK adults have stated that they have moderate expectations for their pension returns, a new survey by PensionBee has revealed
Posted: 16/09/2024
Pension savers are calling for increased support from the government, with over 80% in favour of the creation of clear saving benchmarks to meet at specific milestones, a survey from PensionBee has found
Posted: 11/09/2024
The state pension is set to rise by £460 a year from next April, after the latest labour market data revealed that average wages including bonuses rose by 4% over the past year
Posted: 10/09/2024
The UK’s pension risk transfer (PRT) market is on track for one of its largest years ever, Legal & General (L&G) has said, after its analysis found that full-year volumes across the UK market are likely to exceed £40bn in 2024
Posted: 06/09/2024
Increasing the minimum auto-enrolment (AE) contributions could boost savers’ pension pots by £217,000, analysis from Standard Life has revealed
Posted: 03/09/2024
Legal & General (L&G) has appointed fintech and open finance firm Moneyhub as its qualifying pensions dashboard service technology provider
Posted: 02/09/2024
One in five (20%) Brits over the age of 55 have consistently spent more than they expected to during their retirement so far, PensionBee has revealed
Posted: 27/08/2024
Around 3.1 million pensioners could be brought into the higher or additional rate tax band by the 2027/28 tax year due to the Government’s frozen income tax thresholds, Quilter's analysis of freedom of information data from HMRC has revealed
Posted: 23/08/2024
Scottish Widows has presented the Government with a "unique opportunity" to lower the pension auto-enrolment age, which could see almost £50,000 added to pension pots
Posted: 22/08/2024
Starting pension contributions at the age of 27 could result in losing £54,000 in retirement, compared to those who start investing at the age of 22, Standard Life has found
Posted: 21/08/2024
Thirty-nine per cent of pensioners have regrets about decisions they have made for their retirement, research by Hargreaves Lansdown (HL) has found
Posted: 20/08/2024
Thirty-seven per cent of UK adults are using an individual savings account (ISA) to save for retirement, rising to 62% among those aged 55-64, research from LV= has found
Posted: 16/08/2024
There is a “shock in store” for high-earning households as only 39% are currently on track for a comfortable retirement income, according to analysis by Hargreaves Lansdown
Posted: 12/08/2024
An unnamed pension scheme has completed a £47.5m buy-in deal with Canada Life, covering 355 deferred and 207 pensioner members
Posted: 09/08/2024
The BPT Retirement Benefits Scheme has completed a £20m full scheme buy-in with Aviva, securing the benefits of 49 deferred members and 50 pensioners
Posted: 08/08/2024
Today's round up of developments coming out of the consumer finance space, featuring Spring Finance, Mansfield Building Society and Fintel IQ
Posted: 02/08/2024
The SCA UK Pension Plan has completed a £1.1bn buy-in with Legal & General (L&G) Assurance Society, securing the benefits of 5,900 retirees and 3,600 deferred members
Posted: 02/08/2024
The Moog Retirement Benefits Plan has completed a £25m buy-in with Just Group, covering the scheme's remaining 28 deferred members and 139 current pensioner members
Posted: 01/08/2024
The trustee of the Greggs plc 1978 Retirement and Death Benefit Scheme has secured a £100m buy-in deal with Aviva, covering the majority of the scheme’s liabilities
Posted: 31/07/2024
Changing the way pensions are taxed could increase the amount the Government can invest in UK growth by over £20bn a year, potentially adding up to £100bn over five years, analysis from Hymans Roberston has revealed
Posted: 29/07/2024
More than half (54%) of UK retirees expect to work longer than they would like, by an average of seven years, Scottish Widows has revealed
Posted: 23/7/2024
One in five (20%) employed people do not have a pension, as the cost of living continues to affect later life savings, Flagstone has revealed
Posted: 16/07/2024
More than one in five (22%) workers have said they have never heard of salary sacrifice for their pension, Scottish Widows has revealed
Posted: 15/07/2024
The trustees of the Institution of Civil Engineers (ICE) Staff Retirement Benefits & Life Assurance Scheme have completed a £35m full scheme buy-in with Aviva, covering the benefits of all 300 members of the scheme
Posted: 10/07/2024
The Leprosy Mission Central Pension Scheme has completed a £21m buy-in with Legal and General, insuring the benefits of 197 retirees and 88 deferred members
Posted: 05/07/2024
The Menzies Pension Fund has completed a £260m buy-in with Just Group, securing the benefits of around 3,000 members, including almost 1,400 pensioners and over 1,650 deferred members
Posted: 04/07/2024
The NSK Pension Scheme has completed a £309m buy-in with M&G, securing the defined benefit (DB) pension liabilities for around 3,700 members of NSK’s UK pension scheme
Posted: 02/07/2024
The Rolls-Royce & Bentley Pension Fund has completed a £880m full scheme buy-in with Standard Life, securing the benefits of around 6,000 members
Posted: 28/06/2024
The trustees of the European Metal Recycling Limited Pension and Life Assurance Scheme have completed a £33m buy-in with Aviva, covering the defined benefit (DB) pension liabilities of 217 deferred and pensioner members
Posted: 26/06/2024
A quarter (24%) of UK adults have said they expect to keep working past the state pension age, Phoenix Insights has found
Posted: 26/06/2024
People renting in retirement could need an additional £391,000 in savings, compared to those who have paid off their mortgage, Standard Life has revealed
Posted: 25/06/2024
Just over half (52%) of Brits with a defined contribution (DC) pension are confident they will have a comfortable retirement, Barnett Waddingham has found
Posted: 24/06/2024
Over a quarter (28%) of UK adults have said that they don’t know how much income they will need in retirement, Scottish Widows has revealed
Posted: 19/06/2024
Almost nine in 10 (87%) voters have expressed a desire for the next Government to conduct a comprehensive review of the pensions and retirement savings system, PensionBee has found
Posted: 17/6/2024
The Medical Protection Society Pension Scheme has completed a £125m buy-in with Rothesay, securing benefits for all 618 scheme members, comprising of 174 pensioners and dependants and 444 deferred members
Posted: 14/6/2024
Almost one in 10 (8%) retirees who withdrew from their pension between the age of 55 and leaving full-time work have said that they regret the decision, Just Group has found
Posted: 12/06/2024
The pensions industry has expressed its relief following reports that Labour has dropped plans to reintroduce the lifetime allowance (LTA) if elected, as a result of industry concerns around the uncertainty for savers and the complexity involved
Posted: 10/06/2024
House prices have climbed by 67% over the last decade at a time when people on pension incomes have received minimal increases in real standards of living, new analysis by more2life has shown
Posted: 10/06/2024
Pension savers increased their average quarterly contributions by 63% in the first quarter of 2024 compared to Q4 2023, PensionBee has found
Posted: 06/06/2024
Two unnamed pension schemes have completed a £85m buy-in with Canada Life, securing member benefits across the two schemes for a total of 189 pensioners and 87 deferred members
Posted: 05/06/2024
A pension pot of £1.3m is now required to fund a comfortable early retirement at 55-years-old, interactive investor has revealed
Posted: 05/06/2024
Almost three in 10 (28%) retirees over the age of 55 have withdrawn money from their pension before they retired, Just Group has found
Posted: 04/06/2024
Over seven in 10 (71%) UK adults believe the Government should set out a plan to increase the minimum auto-enrolment pension contribution rate, Phoenix Group research has found
Posted: 31/05/2024
Almost half (48%) of UK adults under 66 years old have said they do not know when they will receive their state pension, AJ Bell has found
Posted: 30/05/2024
Just over a third (36%) of people know that their pension is being invested in the stock market, Hargreaves Lansdown (HL) has found
Posted: 29/05/2024
The Conservative Party has announced plans to increase the tax-free pension allowance through a ‘triple lock plus’ if they remain in power following the general election
Posted: 28/05/2024
The ICI Pension Fund has completed a £900m buy-in with Legal & General Assurance Society (L&G), securing the benefits of over 7,000 retirees
Posted: 24/05/2024
Just under two in five (38%) Brits are either unsure or underestimate the total pension pot size that is required to achieve their desired retirement income, PensionBee has found
Posted: 23/05/2024
Almost two in five (38%) of people have said that they are not sure or do not know where their pension savings are held, Hargreaves Lansdown (HL) has found
Posted: 20/5/2024
Over three in five (61%) UK homeowners have expressed an interest in releasing money from their home in later life in order to meet a range of financial needs, the Equity Release Council (ERC) has found
Posted: 17/5/2024
Nearly half (45%) of adviser’s clients believe they will retire earlier with the support of advisers, compared to those who did not, Investec Wealth and Investment has found
Posted: 15/05/2024
The Norgine Limited Retirement Benefits Scheme has secured a £28m full buy-in with Canada Life, securing the retirement benefits of 308 members, including 152 deferred members
Posted: 14/05/2024
Two in five (40%) current UK retirees would have done something differently in how they approached their retirement, research from Canada Life has found
Posted: 07/05/2024
Taking 10 years out of work in your fifties could result in missing out on just short of £100,000 in retirement, Standard Life has found
Posted: 01/05/2024
Over two in five (41%) self-employed people do not pay into a personal pension, CMC Invest has revealed
Posted: 29/04/2024
The John Graham (Dromore) Limited Pension and Life Assurance Scheme has completed a £16m buy-in with Legal & General (L&G) Assurance Society, securing the benefits of 172 retirees and deferred members
Posted: 29/04/2024
Over three in five (62%) retirees left the workforce before the state pension age of 66 years old, Just Group has found
Posted: 29/04/2024
HM Revenue and Customs (HMRC) has repaid a record amount of £198m in the latest tax year to those who have overpaid tax on flexible pension withdrawals
Posted: 26/04/2024
Single pensioners require £277,500 more in their pension pot in order to secure a moderate standard of living in retirement, research by Standard Life has revealed
Posted: 25/04/2024
Almost half (46%) of UK adults with pensions have not considered who should inherit them, Canada Life has found
Posted: 24/04/2024
Over half (57%) of pensions accessed for the first time in the 2022/23 financial year were fully withdrawn, NFU Mutual has found
Posted: 17/04/2024
Nearly £2bn has been lost from pension savings since 2019, new data from the Financial Services Compensation Scheme (FSCS) has revealed
Posted: 17/04/2024
Over half (53%) of savers have said they see the move towards a pot for life as a positive change to the UK pension system, Barnett Waddingham has revealed
Posted: 16/04/2024
Retirees have an average £131,000 in retirement savings, despite hoping to save £250,000 into their pension pots, Standard Life has found
Posted: 11/04/2024
More than one in 10 (11%) of Generation X (born between 1965-1980) are paying more than the new state pension amount to care for family and friends, Just Group has found
Posted: 09/04/2024
The Epson (UK) Limited Pension Scheme has completed a £60m buy-in with Just Group, securing the benefits of 113 pensioners and 289 deferred members
Posted: 08/04/2024
Upping investment or pension contributions in line with inflation can increase the size of saving pots by up to £124,000 over 40 years, interactive investor has found
Posted: 08/04/2024
Only a third of high net-worth-individuals (HNWIs) have contributed more than £40,000 to their pension fund, 12 months after the allowance was increased to £60,000, Saltus has found
Posted: 05/04/2024
Forty-seven per cent of Gen Z are planning on moving to part-time work as they approach retirement in a bid to boost their retirement savings, research by Standard Life has indicated
Posted: 04/04/2024
The Energizer UK Pension Plan has completed a £44m full buy-in deal with Just Group, securing the benefits of all scheme members, including 409 pensioners and 358 deferred members
Posted: 03/04/2024
The gap between the poorest and richest single pensioners has increased "considerably" over the past decade, Broadstone has found
Posted: 03/04/2024
De Beers UK Pension Scheme has completed an £870m full buy-in with Pension Insurance Corporation (PIC), securing the pensions of 1,464 current pensioners and 473 deferred members
Posted: 02/04/2024
Over a third (34%) of adults have stated that the cost of childcare has stopped them from saving for their retirement, Phoenix Group has found
Posted: 02/04/2024
The trustee of the 2013 Next Group Pension Plan has completed a £510m full scheme buy-in deal with Pension Insurance Cooperation (PIC), fully insuring the pension liabilities of over 3,600 pensioners and deferred policyholders
Posted: 26/03/2024
Just under two fifths (39%) of savers are on track for a moderate retirement income, although some savers, particularly higher earners and homeowners, are doing better than average, according to Hargreaves Lansdown’s latest savings and resilience barometer
Posted: 25/03/2024
M&G has agreed its third bulk purchase annuity (BPA) deal since re-entering the market in 2023, signing a £309m premium on 15 March 2024
Posted: 22/03/2024
Almost three quarters (74%) of 18 to 34-year-olds have maintained their pension contributions despite the rising cost of living, according to a survey by Brown Shipley
Posted: 19/03/2024
Over £50bn in pension savings are at risk of being misplaced in abandoned accounts or scattered across multiple lost pots, PensionBee has found
Posted: 19/03/2024
Almost half (44%) of British people believe they will retire by their current retirement age, despite many not having a clear financial plan in place, according to research by SmartSave
Posted: 15/3/2024
One in seven (14%) retirees have returned to work, as their pension pot is not sufficient enough to fund retirement, Standard Life has found
Posted: 14/3/2024
The pension scheme for an unnamed engineering and construction company has agreed a £37m buyout with Just Group, securing the retirement benefits of 34 pensioners and 132 deferred members
Posted: 14/3/2024
Nearly half (48%) of pension savers are concerned that their savings will not last them through retirement, Investec Wealth and Investment (UK) has found
Posted: 13/3/2024
Almost a quarter (23%) of women aged between 22 and 29 would be frustrated if they could not retire by the time they reached 60, research from Scottish Widows has found
Posted: 11/03/2024
Just over 11 million savers have been newly enrolled into a workplace pension since auto-enrolment (AE) was introduced in 2012, data from The Pensions Regulator (TPR) has shown, as it announced plans to boost its employer compliance efforts
Posted: 05/03/2024
Almost three quarters (73%) of pension savers in the UK said they would consider opting for a ‘pot for life’ pension, PensionBee has found
Posted: 4/3/2024
A quarter (25%) of retirees aged between 55 and 64 are unaware of the option to defer their state pension, Just Group has found
Posted: 27/02/2024
Standard Life and Fidelity International have announced a strategic partnership with the forthcoming launch of the Standard Life Smoothed Return Pension Fund
Posted: 26/02/2024
Over seven in 10 (71%) financial advisers said that their clients’ biggest concern is outliving their pension savings, NextWealth has found
Posted: 22/02/2024
More than three quarters (77%) of adults in the UK do not feel confident about accessing their pension savings, research from Standard Life has found
Posted: 20/02/2024
The number of female widows who are over the age of 80 is over four times that of the number of male widows in the same age group, raising "important questions" for couples about their later life financial preparations, Just Group has said
Posted: 20/02/2024
Most people will now have to work longer or contribute more to their pension in order to maintain the same level of the Pension and Lifetime Savings Association's (PLSA) retirement living standards (RLS), Hymans Robertson has found
Posted: 19/02/2024
Retirees waiting until later in life to purchase annuities are most at risk of missing out on extra lifetime income by failing to shop around, Just Group has found
Posted: 19/02/2024
Less than half (47%) of pension savers reviewed their pension scheme in the past year, with just under a fifth (18%) regularly reviewing their pension, research from Investec Wealth & Investment has revealed
Posted: 16/02/2024
Over a third (38%) of retirees have admitted they did not check their state pension forecast before they retired, Just Group has found
Posted: 13/02/2024
Forty-five per cent of UK adults between the ages of 45 and 54 have said that retirement planning is easier in a long-term relationship, research by Phoenix Insights has found
Posted: 12/02/2024
A single person must have a pension pot of £738,000 in order to achieve a comfortable retirement, Quilter has found
Posted: 07/02/2024
One in 10 (11%) of Gen Xers are financially supporting elderly relatives with care costs, paying on average more than the yearly state pension, Just Group has found
Posted: 06/02/2024
Almost a third (31%) of Gen X (people aged between 42-57) are uncertain about when to retire, compared to a fifth (19%) of baby boomers and older generations (aged 58 and over), Standard Life has found.
Posted: 06/02/2024
People aged between 45 and 54 would need around six times their current savings to achieve a comfortable retirement living standard, Phoenix Group has found
Posted: 30/01/2024
The UK's ageing population has been driving up demand for retirement advice, research from NextWealth, sponsored by Aegon, has found, with more than two thirds (67%) of advisers reporting a change in demand for retirement advice as savers live longer
Posted: 26/01/2024
Fewer than one in 10 (9%) over-65s feel confident about managing their retirement finances, spelling potential uncertainty ahead for thousands of retirees, according to Standard Life
Posted: 25/01/2024
The iPSL Section of the Unisys Payment Services Limited Pension Scheme and the Unisys Public Sector Pension Scheme have completed a £300m full scheme buy-in with Standard Life, covering the retirement benefits of around 2,400 scheme members
Posted: 24/01/2024
Only three in 10 (30%) high earners are on track for a comfortable retirement, Hargreaves Lansdown has found
Posted: 22/01/2024
Parents could face a £183,000 pension saving shortfall after taking time out of work to raise children, research from Royal London has found, with gender imbalances continuing to have a costly impact on retirement savings
Posted: 22/01/2024
More than two thirds (69%) of savers would prefer their employer pick their workplace pension, increasing to 85% among those aged over 55, research from the Pensions and Lifetime Savings Association (PLSA) has revealed
Posted: 19/01/2024
Half of firms (49%) offering retirement advice are seeing an increase in demand for their services because of changes in pensions tax allowances, new research from NextWealth commissioned by Aegon UK has indicated
Posted: 18/01/2024
The average pension transfer time increased by 17% over the three years to 2023, rising from 10.7 days in 2020 to 12.5 days last year
Posted: 17/01/2024
Over one in five (21%) of younger people in Britain have said they have greater consideration for how much money they need to live on due to high inflation, Standard Life has found
Posted: 16/01/2024
Concerns over savers’ retirement adequacy have grown, after analysis from Hargreaves Lansdown found that retirement resilience has dipped and is expected to fall further in 2024 as house prices continue to fall and asset values do not rise in line with inflation
Posted: 16/01/2024
Nearly half (49%) of Brits who are not already retired, representing around 19.2 million savers, plan to work beyond state pension age (SPA), research from Canada Life has revealed
Posted: 15/01/2024
Just Group has urged retirees to double check the pension benefits they are entitled to, after finding that eight in 10 (79%) pensioner homeowners are failing to claim
Posted: 09/01/2024
The CP Pharmaceuticals Limited Pension Scheme has secured a £28m full buy-in with Just Group, securing the benefits of all 317 previously uninsured scheme members
Posted: 04/01/2024
Nearly a third (30%) of people aged between 45 and 54 believe visualising what they want their retirement to look like is the best motivation for retirement saving, research by Phoenix Insights has found
Posted: 02/01/2024
Almost one in seven (15%) people in the UK said that preparing for retirement has impacted their mental health, Standard Life has found
Posted: 19/12/2023
Over half (52%) of Gen X said they are not confident that they will have enough money saved to achieve a good standard of living after finishing work, Just Group has found
Posted: 19/12/2023
The trustees of the Westminster Abbey 1972 Retirement and Death Benefits Scheme have completed a £25m full-scheme buy-in with Pension Insurance Corporation (PIC)
Posted: 18/12/2023
Almost half (45%) of over-50s have said they don’t know that annuities come in many forms and with various options, Standard Life has found
Posted: 18/12/2023
The majority of UK adults aged over 55 have a limited understanding of how to make the most of their retirement savings, research from LV= has found
Posted: 15/12/2023
Over half (55%) of retirees believe that employers harbour an ageist approach to hiring older workers, Just Group has found
Posted: 14/12/2023
The Government has been urged to consider a new approach to the state pension, designed to provide a basis for financial security in retirement and ensure the state pension has a sustainable long-term future
Posted: 13/12/2023
A quarter (24%) of UK adults have said they are not aware of their pension age, including 10% of those aged between 55 and 64, Standard Life has found
Posted: 12/12/2023
Annuity rates have increased by a record amount with a rise of 54% in the last two years, Canada Life has found
Posted: 11/12/2023
Nearly a quarter (23%) of young adults aged 18-24 years old have never heard of pension auto-enrolment (AE), despite upcoming proposals to extend AE to 18 year-olds, research from Standard Life has revealed
Posted: 08/12/2023
The Superior Pension Fund has completed a £10m bulk annuity deal with Just Group, insuring the pension liabilities for 78 members
Posted: 07/12/2023
A quarter (25%) of over-50s incorrectly think the best rates of annuity are given to those with underlying health conditions, Standard Life has found
Posted: 06/12/2023
Almost a third of adults in the UK suspect that they may have a pension pot that they are either unaware of or have not considered before
Posted: 05/12/2023
Over one in three (36%) pension savers have said they are not confident they can afford retirement, Hargreaves Lansdown has found
Posted: 05/12/2023
Almost one-third (31%) of pension savers have stated that they want to consolidate their pension pots, Hargreaves Lansdown (HL) has found
Posted: 27/11/2023
Over three-quarters (76%) of pension savers expressed that they would consider opting for the new ‘pot for life’ model, with just 5% of savers stating that they would not be interested in having their own pension into which employers can pay contributions, PensionBee has found
Posted: 23/11/2023
The aggregate funding position of FTSE 350 companies’ defined benefit (DB) has undergone a “complete reversal” over the past 18 months, Mercer’s latest Pensions Risk Survey data has found
Posted: 22/11/2023
Average annuity rates continued to rise in the UK in Q3, the Standard Life annuity rate tracker has found
Posted: 21/11/2023
Over one million pensioner households in the UK primarily rely on the state pension as their main source of retirement, Just Group has found
Posted: 21/11/2023
Almost one in eight (13%) pension savers have said they don’t think it is “worth the hassle” to combine pensions, Moneyhub has found
Posted: 20/11/2023
Pension contributions saw a 33% year-on-year increase in Q3 2023, despite savers enduring levels of high inflation during this period, research from PensionBee has revealed
Posted: 17/11/2023
Nearly one fifth (18%) of people don’t believe that the state pension will exist when they retire, while a further 26% are unsure, research from Hargreaves Lansdown has revealed
Posted: 14/11/2023
Legal & General (L&G) Assurance Society has completed a £500m buy-in with the Deutsche Bank pension scheme, securing the benefits of around 2,000 retirees and deferred members
Posted: 13/11/2023
A large majority (67%) of financial advisers believe their clients will be forced to postpone retirement due to the cost of living crisis, according to research from BNY Mellon Investment Management
Posted: 10/11/2023
Employers should be reviewing their defined contribution (DC) pension provider every three years and be more open to switching pension schemes, Hymans Robertson has said
Posted: 09/11/2023
Two fifths (41%) of over-50s have said the cost of living crisis is the main barrier preventing them from securing the retirement income they think they’ll need, Standard Life has found
Posted: 08/11/2023
Just Group has completed a buy-in transaction for Air France’s (UK) pension scheme trustees, covering approximately £32m of pension liabilities and almost 200 scheme members
Posted: 06/11/2023
The Rotork Pension & Life Assurance Scheme has agreed an £80m buy-in deal with Aviva, covering the pension benefits for 406 current pensioners and dependants in the scheme
Posted: 03/11/2023
Almost half (49%) of retirees have said they did not check or seek help to see if they could afford to retire, leaving many in a "retirement blind spot", Just Group has said
Posted: 02/11/2023
Almost half (49%) of people approaching retirement are rethinking their plans as the cost-of-living crisis cuts into their everyday finances, LiveMore has found
Posted: 01/11/2023
Pausing pension contributions, even for a short period, could lead to missing out on thousands of pounds when the time comes to claim retirement pots, Standard Life has found
Posted: 01/11/2023
Six in 10 (59%) 45-54 year-olds are taking action to save more for retirement, Phoenix Group has found
Posted: 31/10/2023
Over four in 10 (43%) young people have hinted that they would use a lifetime ISA (LISA) for retirement planning, Hargreaves Lansdown (HL) has found
Posted: 30/10/2023
Almost a quarter (22%) of consumers are unaware of the option to consolidate their pensions, leading to an estimated £26.6bn left sitting in lost pots, Standard Life has found
Posted: 27/10/2023
Pension savers appear to largely be in the dark in regards to how responsibly their pension is invested, Broadstone has said
Posted: 27/10/2023
Less than three quarters (73%) of the total amount of pension credit that could have been claimed in the 2022 financial year was not done so, the Department for Work and Pensions (DWP) has found
Posted: 26/10/2023
HM Revenue and Customs (HMRC) repaid a total of £61.3m to people who overpaid tax when they flexibly accessed their pensions in Q3 2023, up from £33m in Q3 2022, the latest Government pension schemes newsletter has revealed
Posted: 26/10/2023
Half of defined benefit (DB) pension scheme trustees say they have a clear endgame strategy in place, Standard Life has found
Posted: 25/10/2023
Almost seven million people over 50 have no private pension, putting them at risk of retirement poverty, according to SunLife
Posted: 24/10/2023
The majority (93%) of defined benefit (DB) pension schemes have seen a reduction in their asset base over the past 12 months as a result of falling bond and liability-driven investment (LDI) prices, analysis from PwC has revealed
Posted: 23/10/203
One-off pension contributions of £1,000 every five years could boost retirement savings by up to £23,000 by the time the saver reaches retirement, Standard Life has found
Posted: 19/10/2023
Four in 10 (41%) people aged 50 and over have said they have needed more money than expected in retirement, a recent survey by Legal & General (L&G) has found
Posted: 18/10/2023
A third (32%) of Brits have put pension admin at the bottom of their to-do list, and are more likely to prioritise managing hair and beauty appointments and planning holidays, Standard Life has found
Posted: 17/10/2023
Financial advisers are doing a “stellar job” in helping people to prepare for the possibility of needing care in later life, a Just Group care report has said
Posted: 17/10/2023
Nearly half (48%) of self-employed people are not on track for even the minimum retirement living standard defined by the Pensions and Lifetime Savings Association (PLSA), research from Scottish Widows has revealed
Posted: 13/10/2023
Nearly six in 10 (59%) over 75s are yet to arrange a power of attorney, equivalent to 3.4 million people, Just Group has found
Posted: 12/10/2023
Standard Life has concluded a £335m bulk purchase annuity (BPA) transaction with the London Stock Exchange Group (LSEG) pension scheme
Posted: 11/10/2023
Over a quarter (26%) of retirees over the age of 55 have said they have been “forced out” of work, meaning they have had to take retirement earlier than expected, Just Group has found
Posted: 11/10/2023
The defined benefit (DB) pension transfer market is in a “slump” amid an exodus of specialist advisers and falling transfer values, LCP has stated
Posted: 09/10/2023
The aggregate funding surplus of FTSE 350 companies’ defined benefit (DB) pension schemes nearly doubled over the first three quarters of 2023, according to Mercer’s latest Pensions Risk Survey
Posted: 05/10/2023
A quarter (25%) of pension savers have said they have never checked their pension, Moneyhub has found
Posted: 05/10/2023
People who put a pay rise into their pension pot are set to see an increase in their annual retirement income, PensionBee has found
Posted: 04/10/2023
One in seven people in the UK have said they have never checked their pension, according to new research by Standard Life
Posted: 03/10/2023
The Andrew Sykes Group Pension Scheme has completed a £30m buy-in with Canada Life, insuring the benefits of around 440 members, including 160 deferred members
Posted: 02/10/2023
Schemes can help protect their members from pension scams by keeping up with best-in-class administration, Broadstone has said
Posted: 29/09/2023
The KGM Pension and Life Assurance Scheme has completed a £4m full-scheme buyout with Just Group, covering 14 deferred and 10 pensioner members
Posted: 28/09/2023
Parents could provide more than £300,000 in pension wealth for their children by the time they reach retirement age by contributing to their child’s pension from the age of 18, new research from PensionBee has found
Posted: 28/09/2023
The total value of taxable payments withdrawn flexibly from pensions since 2015 when the pension freedoms were introduced is £72.2bn, HM Revenue and Customs (HMRC) has revealed
Posted: 27/09/2023
Hargreaves Lansdown (HL) has called on the Government to allow people to open lifetime ISAs (LISAs) and receive bonuses on contributions until the age of 55
Posted: 22/09/2023
The Cable and Wireless Superannuation Fund has agreed a £340m buy-in with Legal & General (L&G), securing the benefits of approximately 1,800 retirees and deferred members
Posted: 21/09/2023
Pension savers can add nearly £100,000 to their pension pots through strong investment performance and low charges, Broadstone has found
Posted: 19/09/2023
Employees who are closer to retirement are less likely to know how much money they have saved up in their various pensions, according to a new survey from Cushon
Posted: 15/09/2023
Nearly three in five (58%) UK adults over 40 have said that they are anxious about the prospect of retiring, with one in five (20%) stating they are "very anxious"
Posted: 13/09/2023
The number of UK adults receiving unsolicited approaches about their pensions has fallen substantially in the past five years, dropping by six and a half million people
Posted: 11/09/2023
Over one in 10 (13%) UK adults, which equates to one and a half million people, have said that they are never planning to give up work, new research by Canada Life has found
Posted: 07/09/2023
The defined benefit (DB) pension market is currently at a "crossroads" as many schemes are now well-funded, Mercer has said
Posted: 06/09/2023
Someone living until they are 100-years-old could need an extra £240,000 in their pension pot to give them a comfortable retirement, analysis by interactive investor has shown
Posted: 05/09/2023
The Association of British Insurers (ABI) pension and assurance scheme has completed an £18.4m buyout with Just Group
Posted: 04/09/2023
More than three in five people (62%) have said that saving for the future and retirement is currently a high priority for them, a survey by Pension Geeks has found
Posted: 04/09/2023
The average funding position and proportion of defined benefit (DB) schemes in surplus hit their highest levels since the start of the current funding regime in 2005, although there is a wide variation between schemes, analysis from Aon has found
Posted: 1/9/2023
Just Group has completed a £290m buy-in deal with the ITB Pension Funds (Open Fund), meaning that all of the scheme members’ benefits have now been secured
Posted: 31/8/2023
Pension savers can add up to £52,000 to their retirement pot by completing their mortgage repayments as early as possible, Standard Life has found
Posted: 31/8/2023
Just half (50%) of people claiming the new state pension are receiving the full amount, Responsible Life has found
Posted: 29/08/2023
Many people who were ill-advised to transfer out of their defined benefit (DB) pension are now likely to receive significantly less compensation, analysis from OAC has found
Posted: 29/08/2023
A gap in trust and engagement in pensions has emerged, notably at its widest among younger savers, according to new research from Broadstone
Posted: 25/8/2023
Almost three quarters (73%) of people don’t know it is possible to contribute to someone else’s pension, Hargreaves Lansdown has found
Posted: 23/08/2023
Improvements in funding levels have accelerated the need for many defined benefit (DB) pension trustees to consider the illiquid assets in their schemes, Standard Life has found
Posted: 23/08/2023
Over four in five (84%) of people with a defined benefit (DB) pension scheme have said that they haven’t considered switching to a more flexible option, according to the Financial Conduct Authority’s (FCA) financial lives research
Posted: 22/08/2023
At least half of retirees could be losing out on hundreds of pounds worth of interest each year in savings accounts with rates of 3% or less, new research from PensionBee has found
Posted: 21/08/2023
A single pensioner would have to accumulate £50,000 in addition to their state pension for a minimum standard of living, Standard Life analysis has found
Posted: 16/08/2023
The number of pensions credit claims made to the Department for Work and Pensions (DWP) more than doubled in the most recent tax year
Posted: 11/08/2023
Rothesay has completed a £260m buy-in transaction with the Smith & Nephew UK Pension Fund
Posted: 08/08/2023
Retirees who buy annuities later in life are most at risk of missing out on extra lifetime income by failing to explore the market, Just Group has found
Posted: 07/08/2023
Over eight in 10 (86%) of defined benefit (DB) pension scheme trustees have said that they are expecting to approach an insurer in the next five years to discuss de-risking, new research by Standard Life has found
Posted: 07/08/2023
Over a third (37%) of savers contributing to at least one defined contribution (DC) pension are unaware of how much is being paid into their pot, personally and by their employer, Broadstone has found
Posted: 04/08/2023
The funding position of the FTSE 350 pension funds showed a slightly higher surplus at the end of July compared to June, according to Mercer’s latest Pensions Risk Survey
Posted: 03/08/2023
Hymans Robertson has announced that it has achieved B Corp certification and has joined the B Corp movement
Posted: 02/08/2023
People approaching retirement age are currently feeling the financial strain of the cost of living crisis the most, research by Aegon has found
Posted: 02/08/2023
Fewer than one in five (18%) retirement savers who accessed a defined contribution (DC) pension in the last four years had a telephone or face-to-face appointment with Pension Wise, the Financial Conduct Authority (FCA) has found
Posted: 02/08/2023
Just under seven in 10 (69%) of people who have transferred a defined benefit (DB) pension to a defined contribution (DC) pension in the past four years have said that they are satisfied with their choice, OAS has found
Posted: 31/07/2023
One in two (50%) pension savers who bought annuities in the four years up to mid-2022 did not compare deals from different providers, the Financial Conduct Authority (FCA) has found.
Posted: 31/07/2023
Pension saving levels in the UK have remained resilient despite rising costs placing pressure on household budgets, research from the Financial Conduct Authority (FCA) has revealed
Posted: 28/07/2023
Savers contributed over 20% more to their pensions in Q2 2023 compared to the same period last year, despite persistent levels of high inflation, analysis from PensionBee has revealed
Posted: 28/07/2023
Canada Life has completed its first-ever deferred member buy-in worth £58m with an undisclosed pension scheme
Posted: 27/07/2023
Standard Life, part of Phoenix Group, has concluded a £1.2bn bulk purchase annuity (BPA) transaction covering c. 20,200 members of the Mitchells & Butlers Pension Plan
Posted: 27/07/2023
The average yearly spending by retired households has increased to £23,675, a jump of 19% compared to 2021, research by iSIPP has found
Posted: 26/07/2023
Annuity rates have increased by 20% in the 12 months to June 2023, adding over £25,000 to lifetime income, Standard Life has found
Posted: 20/07/2023
The implementation of new Consumer Duty rules is set to increase consumer retail investment with single-investment personal pensions (SIPPs), iPensions Group has found
Posted: 11/07/2023
The Chancellor has announced the launch of his ‘Mansion House Reforms’, which could see pensions increase by over £1,000 a year in retirement for the average earner who saves over the course of their career
Posted: 11/07/2023
The defined contribution (DC) market must embrace innovative thinking if its members are to receive the income they’ll need in retirement, a report by Hymans Robertson has said
Posted: 10/07/2023
Errors in the national insurance (NI) system has led to some women losing out on over £4,000 in state pension each year, with some missing out on over £90,000 in state pension over 20 years
Posted: 7/72023
FTSE 350 pension schemes have seen a reduction in funds between May and June 2023, despite remaining in surplus, Mercer has found
Posted: 6/7/2023
Standard Life has concluded a £1bn bulk purchase annuity (BPA) transaction across two pension schemes, the Chubb Pension Plan and the Chubb Security Pension Fund, which are both sponsored by subsidiaries of APi Group Corporation
Posted: 5/7/2023
Consumers in the UK are more likely to increase their pension contributions rather than reduce them, due to improving savings rates as a result of continued rate rises by the Bank of England the latest findings from GlobalData have revealed
Posted: 5/7/2023
Nearly a fifth (18%) of over-55s do not intend to access their tax-free pension lump sum, so they can pass more wealth on to loved ones without paying incurring inheritance tax (IHT) charges, Standard Life has found.
Posted: 4/7/2023
Those who start saving between 40 and 66 are likely to be nearly £200,000 worse off compared to those who start saving consistently at 22, despite an increase in wages, Standard Life has found.
Posted: 29/06/2023
An estimated 19 million people aged over the age of 50 may be overlooking a pension option that could guarantee a regular retirement income, research by the Financial Services Compensation Scheme (FSCS) has found
Posted: 28/06/2023
Nationwide Pension Fund has completed a £1.7bn longevity risk transfer transaction with Zurich Assurance and Prudential Financial Inc (PFI), covering the longevity risk for around 7,000 in-pay members in the UK
Posted: 23/06/2023