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Aggregate DB surplus rises to £231bn, says PPF
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The aggregate surplus of DB pension schemes climbed to £230.5bn at the end of June, according to the latest Pension Protection Fund (PPF) 7800 Index.
SIPP savers over-confident about retirement
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SIPP savers are facing a ‘retirement mirage’ as their confidence about achieving a comfortable retirement outpaces their understanding of how they will achieve it.
Professional complaints fuel 50% jump in FOS cases
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Complaints to the Financial Ombudsman soared by over 50% during the past year to top 305,000 - driven in large part by claims from professional representatives, including claims management companies.
Read more: Professional complaints fuel 50% jump in FOS cases
UK pension scheme surpluses climb £26bn in 12 months
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The aggregate surplus of UK pension schemes against long-term funding targets remained extremely positive at £189bn at the end of June, up £26bn compared to the end of June 2024.
Read more: UK pension scheme surpluses climb £26bn in 12 months
FSCS says SIPPs complaints 'main driver' of workload
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The Financial Services Compensation Scheme says that a surge in complaints about SIPPs over the past year was one of the "main drivers" of a growth in complaints, according to its annual report.
Read more: FSCS says SIPPs complaints 'main driver' of workload