Pensions - Articles

Search Results Page 1 of 220.

1 2 3 4 5 6 7 8 9 10 11 12 Next Last

Building a 100K savings pot might be easier than you think

Analysis from pensions and investment company Aegon shows that a £100,000 savings pot could be achieved with an initial contribution of just £60 a month over forty years. This assumes that contributions rise in line with inflation at 2% and that investments grow at 5% per year before charges.
Posted on Monday Jul 15

FCA proposals to extend the remit of IGCs

Aegon’s response to the FCA’s Independent Governance Committee extension of remit Consultation paper which closed to responses today.
Posted on Monday Jul 15

Five things Gen Xers need to be doing to boost their pension

When it comes to thinking about retirement, it’s safe to say that everyone hopes to be financially comfortable. Research from pensions advice specialists, Portafina, reveals over a quarter1 (29%) of those aged 45-54 believe their pension is not on track to even maintain the current national living wage in their retirement.
Posted on Thursday Jul 11

New civil partnership proposals give family finances a boost

Proposals launched by the Government could lead to a big financial boost for more than three million couples according to mutual insurer, Royal London.
Posted on Wednesday Jul 10

Transfer values and transfer activity stabilise over June

Transfer values fall slightly during June 2019, as the number of DB transfers over the month also fell marginally, according to XPS Transfer Watch, which monitors how market developments have affected transfer values for an example member, as well as how many members are choosing to take their transfer value.
Posted on Wednesday Jul 10

Fear of mental and physical decline stopping people retiring

The largest global retirement survey of its kind carried out in 15 countries by international pensions and investment firm Aegon* has revealed that half of those in the UK readily see themselves delaying retirement and continuing to work beyond age 65. This compares to only one in five of workers in France (22%) who expect to still be working at this stage of life. Overshadowing both is the Netherlands where a staggering seven in ten people expecting to prolong their working life beyond 65.
Posted on Wednesday Jul 10

BlackRock comment on the latest PPF 7800 Index figures

Sion Cole, Head of distribution for the UK for fiduciary management, comments on the latest PPF 7800 Index figures:
Posted on Tuesday Jul 9

Minister and TPR push for professionalising the trustee role

Shadow Pensions Minister, Jack Dromey supports the role of member representatives on pension schemes as TPR pushes for professionalising the trustee role
Posted on Tuesday Jul 9

Pension Protection Fund publish the latest PPF 7800 Index

Every month the PPF publish the PPF 7800 index giving the latest estimated funding position for all eligible defined benefit schemes - on a section 179 basis. The index is an official statistic produced in accordance with the UK Statistics Authority Code.

Posted on Tuesday Jul 9

PASA launches DB transfers guidance

PASA has announced the launch of its DB Transfers Guidance at an event hosted in London with Guest Speaker Guy Opperman, MP Minister for Pensions.
Posted on Monday Jul 8

Fifth of UK retired couples are pensioner millionaires

Analysis of government figures by Aegon has found there are 840,000 retired couples in the UK who have a weekly income which would cost more than £1.15 million if bought as an annuity. However, as the average income of the wealthiest pensioner couples rises, the gap to those at the bottom end of the income scale widens.
Posted on Monday Jul 8

Jeremy Hunts social care plans may undermine AE for pensions

The launch by Conservative leadership candidate Jeremy Hunt of plans to tackle the social care crisis risk undermining the whole system of automatic enrolment for pensions, according to Royal London director of policy Steve Webb.
Posted on Friday Jul 5

Government dragging its heels on pensions equality

The Government’s response this week to a landmark court judgment shows that it is ‘dragging its heels’ on pensions equality according to Royal London policy director, Steve Webb.
Posted on Friday Jul 5

DB pension deficit down by twenty billion pounds in June

New figures released today from PwC’s Skyval Index show the deficit of defined benefit (DB) pension funds increased stood at £220bn at the end of June 2019 - down £20bn from the previous month.
Posted on Thursday Jul 4

Green light for pensions dashboards puts savers in control

Amber Rudd has unveiled proposals to support industry to deliver free, user-friendly services showing people their pensions information online.
Posted on Thursday Jul 4

Pension changes could result in a GBP 260bn accounting gap

XPS Pensions Group reveals results from its second annual accounting for pensions report which shows the targets that UK pensions schemes need to be managing could be £260 billion more than what is shown in company accounts.
Posted on Thursday Jul 4

Aegon comment on opening speech at the FCAs Conference

Kate Smith, head of pensions at Aegon, comments on Andrew Bailey’s opening speech at the FCA’s Intergenerational Differences Conference:
Posted on Wednesday Jul 3

Seventy three percent of DB pensions are cashflow negative

Mercer’s 2019 European Asset Allocation Survey shows that 73% of UK defined benefit (DB) pension schemes are now cashflow negative, up from 66% in 2018. This means that for three out of four DB schemes the amount of benefits paid out annually is higher than the amount of new contributions received. The key driver behind the year-on-year increase is the maturity of such plans, most of which are now being closed both to new members and new accrual of benefits.
Posted on Wednesday Jul 3

PASA announces Clara Pensions as first consolidator member

The Pensions Administration Standards Association (PASA), has announced Clara-Pensions as the first consolidator to become a PASA member.
Posted on Wednesday Jul 3

PLSA announce new Pension Quality Mark open for applications

Applications are being invited for a new set of industry-wide standards showcasing those pension schemes providing high contribution levels and high standards of governance for millions of savers.
Posted on Tuesday Jul 2

TPR says badly run schemes need to improve or consolidate

Proposals to reduce the number of poorly governed pension schemes have been outlined in a consultation launched by The Pensions Regulator (TPR).
Posted on Tuesday Jul 2

DB pensions liabilities increase by GBP55bn in eight weeks

New analysis from Buck has revealed that the value of aggregate funding liabilities for UK Defined Benefit (DB) pension schemes (around £1.9 trillion covering around 5,400 schemes) have increased by approximately £55bn over the last eight weeks. The analysis shows that this sudden rise in liability values has been driven purely by recent falls in government bond yields, or gilt yields, of over 25 basis points during the same period.
Posted on Tuesday Jul 2

State Pension is worth GBP330K today

The State Pension is worth nearly £330,000 to today’s retirees – Aegon analysis shows the value of age related benefits including the implications of axing free TV licences
Posted on Monday Jul 1

Fixing the Freedoms

A new paper published shows that the low take up of advice and guidance provision is failing to meet either the expectations or needs of consumers, and that as a result many ordinary older people are making risky decisions they may subsequently come to regret.
Posted on Monday Jul 1

Government denied right of appeal on pensions ruling

Rosalind Connor, Partner at ARC Pensions Law comments following the news that the UK government is facing costs of £4bn a year after being denied leave to appeal against a landmark ruling that pensions reforms discriminated against younger workers,
Posted on Friday Jun 28