The Netherlands has topped a global ranking of pension systems covering almost two-thirds of the world’s population, with the UK languishing in fifteenth place.
Two in five defined benefit (DB) pension schemes in the UK expect to complete a de-risking transaction within the next three years, polling of over 129 trustees, pension managers and other key stakeholders has found.
Almost half of defined benefit (DB) pension schemes in the UK are now targeting a buyout as their long-term objective, up from just 15% four years ago, a survey of 100 trustees has found.
There has been a significant rise in the number of UK savers fully withdrawing their pensions over the last year, figures released yesterday by the Financial Conduct Authority (FCA) show.
A quarter of UK adults aged over 25 are not confident about their financial situation following the strains of the COVID-19 pandemic, according to the Chartered Institute for Securities & Investment (CISI).
The Continuous Mortality Investigation (CMI) has launched a consultation on how its next model should incorporate mortality data for 2020 following the COVID-19 outbreak.
A more contemporary approach to how liabilities for UK defined benefit (DB) pension schemes are funded could generate £40bn in extra value, PricewaterhouseCoopers (PwC) has found.
UK defined benefit (DB) pension schemes are overly-dependent on improbable equity returns, and need a “once-a-century” performance to close funding gaps by 2030, Willis Towers Watson (WTW) has warned.
The UK's 100 largest occupational pension schemes will be forced to disclose how their investments are exposed to climate-related financial risks, under plans unveiled by the government yesterday.
