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.
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.
The accounting deficit of defined benefit (DB) pension schemes for the UK’s 350 largest listed companies rose by £2bn over the last month as markets prepared for a second wave of coronavirus.
UK pension funds endured faltering returns in the third quarter of this year, despite recording their strongest quarterly performance in a decade over the previous three months.
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.
