The Government has published its response to the draft regulations consultation on Pensions Dashboards this morning, allowing a small amount of extra time for some schemes to start using Dashboards next year… The post What the pensions dashboard means for you appeared first on London Business News | Londonlovesbusiness.com.
Mercer’s Pensions Risk Survey data shows that the accounting deficit of defined benefit (DB) pension schemes for the UK’s 350 largest listed companies at the end of June moved to a… The post FTSE 350 pension schemes show surplus for the first time since 2018 appeared first on London Business News | Londonlovesbusiness.com.
Urgent action needs to be taken to address the UK’s gender pension gap, as new research of more than 4.5 million savers in the UK shows that it has barely… The post Legal & General calls for urgent action as UK gender pension gap makes slow progress appeared first on London Business News | Londonlovesbusiness.com.
Minimum workplace pension contributions would increase to 12% under plans put forward by insurance companies today. Under current rules, the minimum contribution stands at 8% of ‘qualifying earnings’ – a… The post Could automatic enrolment minimum contributions increase to 12% by 2032? appeared first on London Business News | Londonlovesbusiness.com.
Automatic enrolment has driven a pensions revolution among those who qualify, with the proportion of people saving for retirement rising from 43% to 57%. But the UK is divided when… The post Official data unmasks divided nation when it comes to pensions appeared first on London Business News | Londonlovesbusiness.com.
The Pensions Regulator (TPR) has published on Wednesday a blog from our Executive Director of Frontline Regulation, Nicola Parish, calling for a united effort in stopping scams. The blog highlights… The post The Pensions Regulator warns ‘Jail terms alone won’t keep savers safe from scammers’ appeared first on London Business News | Londonlovesbusiness.com.
Deficits of UK pension schemes have decreased by c.£45bn over the month to 30 May 2022 against long-term funding targets, an analysis from XPS’s DB:UK funding tracker has revealed. The… The post UK pension schemes expected to reach long-term targets in less than 4 years despite volatility appeared first on London Business News | Londonlovesbusiness.com.
A proposed overhaul of projections rules used to show investors what income their pension pot might deliver when they retire risk undermining Pensions Dashboards reforms. Under plans outlined by the… The post Plans to reform ‘projections’ rules risk derailing Pensions Dashboards appeared first on London Business News | Londonlovesbusiness.com.
A total of 62% of FTSE 350 defined benefit scheme sponsors with a 31 December year-end recorded a pension surplus at the end of 2021, up from 39% a year… The post FTSE 350 companies report pension surpluses as schemes emerge from the red in 2021 appeared first on London Business News | Londonlovesbusiness.com.
Employers suspected of failing to meet their workplace pensions duties are being targeted with spot check inspections. The majority of employers visited by The Pensions Regulator (TPR) are those which… The post Spot checks to be targeted at suspect employers across the UK appeared first on London Business News | Londonlovesbusiness.com.
