Institutional pension fund assets in the 22 largest markets (P22) soared to a record $56.6trn (£42trn) at the end of 2021, and have almost doubled over the last decade, new analysis has found.
The UK's pensions industry can expect to see “significant growth” in demand for professional corporate sole trustee (PCST) appointments this year, new research suggests.
This year is set to be the biggest on record for pension scheme de-risking in the UK, with £65bn of bulk annuity and longevity swap transactions forecast.
The Pensions Regulator (TPR) has today launched a consultation on a new code of practice for the authorisation and supervision of collective defined contribution (CDC) pension schemes in the UK.
The Institute and Faculty of Actuaries (IFoA) has given its support to a cross-party group of MPs calling on the UK government to do more to boost uptake of pensions guidance and advice.
More than three-quarters of UK employers expect pension trustees to consider retiring due to an onslaught of regulatory and legislative change, research by the Association of Consulting Actuaries (ACA) has uncovered.
A third of UK pension schemes have set, or are in the process of setting, targets to reduce their exposure to climate-related risks, but a similar proportion do not plan on doing so themselves.
