Displaying items by tag: pensions

Major workplace pensions provider NOW: Pensions is to commit to net zero carbon emissions by 2050 and an expanded sustainable investment strategy in a major shift towards ESG investments.

You may have seen headlines recently about the pension savings “crisis” hitting the self-employed. According to the latest Financial Resources survey from the DWP only 18% of working-age adults that are self-employed are currently participating in a pension. This is compared to 75% of employees of the same age.

Defined benefit pension (DB transfer) activity feel to the lowest level since September 2020 in April but red flag cases rose to a three-month high.

The take up of Pension Wise appointments remains stubbornly low and the FCA’s recent paper “The stronger nudge to pensions guidance” is the latest in a line of initiatives designed to increase take-up.

The FCA is to consult on introducing a new type of open-ended fund which invests in long-term illiquid assets.

This month we celebrate 15 years since pension simplification was introduced – Happy Crystal Anniversary all!

DB pension transfer values showed a recovery in March after dipping in February, according to the monthly XPS Transfer Watch.

The number of people who want to retire early has more than doubled during the pandemic from 4% to 10% and more people have clearer retirement plans.

The pension system is failing to support mothers and career breaks taken by women are a driving factor behind the gender pension gap, according to a new report.

Two in three UK adults aged 45-65 view the government as doing “terribly” in its attempts to make using Pension Wise the norm for pension guidance, according to new research.