Almost 80% of European insurers expect to fully meet all Solvency II requirements before the January 2016 deadline, according to financial consultants EY.
A quarter of employers who have yet to pass their staging date are unaware that they would be required to automatically enrol all eligible workers into a qualifying scheme, according to research commissioned by the Department for Work and Pensions.
Almost a quarter of private sector defined benefit pension scheme trustees are failing to identity what they are paying for in investment charges despite this being the second largest expense for schemes, the Pensions Regulator revealed today.
People who have recently taken a tax-free lump sum from their defined contribution pension will now be given 18 months to decide what they want to do with the rest of their retirement savings, the Treasury has announced
The cost of average comprehensive motor insurance cover in the UK has dipped below £600 for the first time in five years after a strong first quarter of sizeable price reductions, according to a price comparison website today.
Details of the so-called State Pension top up, which allows people to boost their retirement income by making extra National Insurance contributions, have been published and hailed as a good deal by the pensions minister.
The combined deficit of the UKs private sector defined benefit pension schemes ended the month at £164bn, according to estimates published by JLT Employee Benefits today.
