Millions of workers could soon enjoy improved retirement savings after the UK government today backed plans for the countrys first Collective Defined Contribution (CDC) pension scheme.
Almost two-thirds of the UKs defined benefit (DB) pension schemes are running at a deficit, despite funding increasing to the highest levels recorded since 2014.
The pension industry is split on how to deal with guaranteed minimum pensions (GMP) equalisation following a landmark ruling that could add billions to UK schemes liabilities.
The trustees of 14 UK pension schemes have received letters warning of imminent legal action should they fail to consider the financial risks associated with climate change.
A new television campaign was launched today to raise awareness of pension scams after it was found that victims each lost an average of £91,000 in the UK last year.
The living standards replacementrate (LSRR) is a more accurate alternative measure for evaluating retirement income adequacy, explains Bonnie-Jeanne MacDonald
Mercers pensions risk survey has found that the accounting deficit of defined benefit (DB) pension schemes for the UKs 350 largest listed companies fell from £137bn at the end of February to £133bn on 31 March 2017.
Pensions consultancy Hymans Robertson has found that 61% of workers aged under 40 would open a Lifetime ISA (LISA) and 68% would save into one alongside a pension.
Tim Bateman and Stuart McDonald discuss UK government proposals, subsequently abandoned, to permit those in receipt of annuities to sell them to third parties
