Standard Life analysis highlights how directing savings made from working from home and not commuting could lead to a significantly bigger retirement income
Fewer than half of low-income individuals in the US have private health insurance*. Trump’s politics bring uncertainties to the pharmaceutical industry, which will likely translate into higher health insurance rates for consumers, potentially pricing out Americans with lower disposable income, while leaving others underinsured, according to GlobalData.
The latest General Insurance Price Index from Pearson Ham Group reveals a continued decline in motor insurance premiums through April 2025 but there are signs that the rate of reduction is easing.
Growth in the number of Professional Trustee (PT) appointments continued over the last 12 months, although at a slower rate than previously seen as the market matures and many pension schemes aiming to buyout and wind up have seen accelerated timescales due to improved funding levels, according to WTW’s latest report.
This is the third in a series that takes a deeper look at areas relevant to U.K. pension schemes and how artificial intelligence (AI) may have a significant influence or impact. Cyber risk is an increasingly important issue in the pensions sector, and its significance is only expected to grow. Earlier this year, a cyber breach pushed Australian superannuation schemes into the spotlight; five pension providers were hit with a series of cyber-attacks, with members of one fund collectively losing $500,000 in retirement savings.
Bitcoin pizza day marks the 15th anniversary of the first recorded real-world Bitcoin transaction. Laszlo Hanyecz spent 10,000 Bitcoins on two pizzas. That amount of Bitcoin would now be worth $1.04 billion or £795 million. What can two pizzas tell us about Bitcoin?
Patrick Heath-Lay, CEO at People’s Pension said: “The FCA’s latest survey confirms what we’ve long warned: people are consolidating their pensions without properly considering what they’re switching into and it’s putting their long-term financial futures at risk.
A new service has been launched by The Pensions Regulator (TPR) to help support innovation in savers' interests and potentially boost economic growth. The service aims to reduce unnecessary regulatory barriers to pensions innovation by enabling early transparent discussions with pensions innovators.
Mid to large sized employers – those with 500 to 50,000 employees – should be re-enrolling employees into their workplace pension schemes in 2025 as part of their mandatory three-year requirement, says Hymans Robertson. It’s vital employers prepare properly to undertake this task, despite it being time-consuming, to ensure their employees save for retirement.
292 people fully encashed a pension of over £250,000 after tax-free cash between October 2023 and March 2024, 70 more than in the previous year – paying a minimum £98,700 each in tax in the process. An additional 1,593 people fully encashed between £100,000 and £249,000, leading to a tax bill of at least £27,400 each. Additional rate tax rise: those fully encashing larger pots in 2023/24 saw a tax increase versus 2022/23. Standard Life provides a guide to tax on pension withdrawals to avoid becoming a big pension taxpayer.
Aon has said that its 2025 Endgame Survey found significant differences in the views of UK defined benefit (DB) schemes on their preferred endgame, largely influenced by the scheme size, the industry sector and the geographical region of the sponsor’s parent company.
This article presents a framework that I have found helpful in working with general insurance firms to better manage their reserving risks. The four dimensions are. The ultimate view of reserving risk. The one-year view of reserving risk. The range of reasonable best estimate reserves. The contribution of claims handling to reserving risk. In this article I will cover the first three dimensions and next time we’ll do a deep dive of the fourth dimension, which is typically the least well understood.
PensionBee report exposes broken pension transfer system and calls for 10-day pension switch guarantee. PensionBee calls for legislation to end transfer delays that damage trust and harm consumers - reshaping the current system that has rewarded inefficiency and poor practice for far too long
The Financial Conduct Authority (FCA) has found that one in ten people have no cash savings at all, and another 21% have less than £1,000 to draw on in an emergency. The regulator’s research also shows that one in four people in the UK have low financial resilience, meaning that they have missed payments, are struggling to keep up with commitments, or don’t have savings to help them through difficulties.
Insurance Europe has shared its views on the European Insurance and Occupational Pensions Authority (EIOPA)’s draft Opinion on Artificial Intelligence (AI) governance and risk management in the insurance sector.
The FCA reflect on their recent Open Finance Sprint and map a future of financial services led by adaptability, inclusivity and a user–driven approach.
The Pensions Policy Institute (PPI) published the first in a series of reports examining what an assessment of Value for Money (VfM) could look like in the decumulation stage of retirement.
Three areas of focus that companies can build into their strategy to help their defined contribution arrangements stand up to adverse conditions. Turbulent economic conditions and how employees respond to them can create sustained financial vulnerabilities for organizations with defined contribution (DC) retirement plans. Professional management of pensions can help employers overcome these challenges, supporting effective workforce planning and protecting the value of the investment they are making in their people through plan contributions.
The latest figures shine a light on the sheer scale and complexity of the State Pension system. While the overpayment rate for State Pensions remains incredibly low at just 0.1%, that still equates to a staggering £190 million of taxpayers’ money being paid incorrectly. This serves as a reminder of the difficulty of administering a benefit that supports over 12 million people and costs £142 billion a year.
On this panel, Ian Mills, Partner and Head of DB Endgame Strategy at Barnett Waddingham, and the other experts discuss: how run-on strategies could work in practice; key considerations for trustees and sponsors; the potential ways in which sponsors could extract the surplus; the benefits and drawbacks of such strategies compared to insurance-based solutions such as buy-in and buyout; legal and regulatory hurdles to a run-on approach; and investment strategies schemes adopting a run-on could utilise.
XPS Group, a leading UK consulting and administration business specialising in the pensions and insurance sectors, today announces that it has worked with the Trustees of the Andrew Limited Pension and Life Assurance Plan to secure a bulk annuity policy for the pensions of all 570 members.
New research from Canada Life reveals employee illness is regularly impacting small businesses’ productivity, but they don’t necessarily know how to tackle it or where to turn for help.
The LMA has published the findings of a survey on artificial intelligence (AI) and machine learning (ML) use in actuarial and risk, conducted in partnership with Barnett Waddingham.
Recent high profile cyber attacks affecting UK organisations serve as a stark reminder that no business is immune from disruption. While having strong governance and regular risk reviews is essential, the reality of managing a live cyber incident is rarely as straightforward as the plans on paper. From communication challenges to operational pressures, incidents like these test organisations at every level.