Pensions Age Magazine - DC and DB corporate pensions news …
3 days ago · Pensions Age is a UK-wide pensions magazine and internet site, offering comprehensive coverage of the financial, regulatory, and management issues facing the UK pensions sector. It focuses on a wide range of professional areas including portfolio management, asset allocation, investment, governance, regulation, administration, legal …
PLSA AC 24: Workplace pensions ‘lack an objective’ and need …
4 days ago · 16/10/24. Workplace pensions lack an objective and are in need of reframing to ensure that savers understand what to expect from the system, SEI managing director, defined contribution, Steve Charlton has argued. Addressing the PLSA Annual Conference 2024, Charlton pointed to research showing that less than 20 per cent of pension holders felt ...
Pension transfer times reach new post-pandemic low
4 days ago · Pension transfer times have reached their lowest level since the end of the pandemic in 2021, despite a continuous rise in transfer volumes, data from the OrigoTransfer Index has found. The Origo Transfer Index, based on data from the Origo Transfer Service, reported that the average transfer time through the service was 11.9 calendar days in ...
PLSA AC 2024: Majority of industry experts support default …
4 days ago · The majority (92 per cent) of industry experts think that members should have a default retirement pathway, according to a poll conducted at the PLSA Annual Conference. When asked industry experts their opinions on default retirement pathways, nearly eight in 10 (78 per cent) felt a default ...
PLSA AC 24: 'No avoiding' financial inclusion, industry warned
4 days ago · Speaking at the Pensions and Lifetime Savings Association (PLSA) Annual Conference, Adigun stressed the need for the industry to address financial inclusion as part of its efforts to improve pensions adequacy, warning that “there’s no avoiding it”. He stated: "Just as climate risk or climate change was a material risk to investments and ...
Chancellor announces plans to release 'hundreds of millions' of …
6 days ago · Chancellor, Rachel Reeves, has outlined the next steps for the National Wealth Fund (NWF) and a new British Growth Partnership, in a move that is expected to release "hundreds of millions" of pension fund investment. Closing the International Investment Summit, Reeves confirmed that restoring fiscal ...
The latest pension updates from the Spring Budget 2024
Mar 6, 2024 · Chancellor, Jeremy Hunt, has provided further updates on a number of pension reforms and initiatives as part of his 2024 Spring Budget, confirming that he will continue to explore the potential for a pot for life model and work to encourage greater investment in the UK. During his Budget, the Chancellor stressed the need to ensure that UK pension schemes are investing in the UK economy ...
Now Pensions announces 'significant' changes for 2024
1/12/23. Now Pensions has announced plans to introduce a new member app and online portal in the new year, as part of a "significant" shake up in its proposition. The developments, which are set to be rolled out to members and employers in early summer 2024, aim to underline the scheme's efforts to help everyone save for a more financially ...
Labour's plans for pensions - what we know so far
Jul 5, 2024 · Following the news that Labour has won the 2024 UK general election, Pensions Age takes a look at what we know so far about the party’s plans for pensions. The exact detail on much of Labour’s pension policy is yet to be shared, although the 2024 manifesto provided some insight into the party’s plans, including its pledge to conduct a pensions review to consider what further steps are ...
Global pension funds' combined AUM hit record high of $23.6trn
Sep 5, 2022 · The combined assets under management (AUM) of the 300 largest pension schemes have grown by 50 per cent since 2016 to a record high of $23.6trn in 2021, according to research from the Thinking Ahead Institute (TAI). As reported by our sister title, European Pensions, the survey showed that while total AUM has reached record highs, growth has ...