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.
The accounting deficit of defined benefit (DB) pension schemes at the UK's 350 largest listed companies nearly doubled last year amid COVID-19 turmoil.
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.
The UK's bulk annuity market has completed £30bn worth of pension buy-ins and buyouts this year, and the picture is likely to be very similar in 2021, according to Willis Towers Watson (WTW).
The vast majority of UK pension schemes agree that greater diversity of workers and an inclusive culture improves decision-making and helps attract and retain talent, an industry survey has found.
The level of employer support for defined benefit (DB) pension schemes at FTSE 350 firms hit a three-year low as a result of COVID-19, before rebounding as lockdown restrictions were eased in the summer.
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.
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.
Investors with over $9trn (£6.8trn) in assets under management have called on Europe's largest companies to reflect the implications of delivering the Paris Agreement in their financial statements.
