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Finance

Dramatic fall in pension contributions recorded

Dramatic fall in pension contributions recorded

Employee and employer contributions to defined contribution (DC) pensions schemes in the UK fell significantly last year amid COVID-19 turmoil, figures from the Office for National Statistics (ONS) have revealed.
13th January 2021
Open-access content
Record growth forecast for global economy

Record growth forecast for global economy

The global economy is forecast to grow at a record speed this year, although the rate of expansion is likely to be significantly uneven across countries.
13th January 2021
Open-access content
Brexit deal saves state pension rises

Brexit deal saves state pension rises

UK citizens looking to retire in the European Economic Area (EEA) and Switzerland will receive the same increases to their state pension as those remaining in Britain, following the new Brexit deal.
7th January 2021
Open-access content
UK car insurers save over £4bn in 2020

UK car insurers save over £4bn in 2020

UK car insurers saved more than £4bn this year as a result of changes to driving routines caused by coronavirus lockdown measures, estimates by hello-safe.co.uk suggest.
21st December 2020
Open-access content
Most companies to review ESG measures in executive pay plans

Most companies to review ESG measures in executive pay plans

Four in five organisations worldwide are planning to change how they use environmental, social and governance (ESG) metrics in their executive pay plans over the next three years, a survey has found.
16th December 2020
Open-access content
Insurers expect largest pay rises in 2021

Insurers expect highest pay rises in 2021

Insurance companies expect to raise their wages at a higher rate than firms in any other sector in the UK next year, according to research by Willis Towers Watson (WTW).
9th December 2020
Open-access content
Dormant pension wealth surges to more than £290bn

Dormant pension wealth surges to more than £290bn

UK savers have more than £290bn held in dormant pension pots where no contributions or withdrawals are being made, which is over double the figure recorded when auto-enrolment was introduced.
17th November 2020
Open-access content
Women more likely to miss out on retirement guidance

Women more likely to miss out on retirement guidance

UK women are nearly half as likely as their male counterparts to know that they are entitled to free and impartial pension advice, research by Just Group has uncovered.
17th November 2020
Open-access content
Mandatory climate-related financial disclosures announced

Mandatory climate-related financial disclosures announced

Pension schemes, insurance companies, asset managers and banks will all be forced to disclose their financial exposure to climate change by 2025 under new rules unveiled by the UK chancellor Rishi Sunak yesterday.
10th November 2020
Open-access content
Half of UK pension savers facing uncomfortable retirement, BlackRock finds

Half of UK pension savers facing uncomfortable retirement, BlackRock finds

More than half of defined contribution (DC) pension savers in the UK do not believe they are on track to live the kind of lifestyle they want in retirement, a survey by BlackRock has uncovered.
9th November 2020
Open-access content

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