UK Archives - Page 100 of 188 - Pension Policy International

25MarMarch 25, 2022

Global Pension Risk Survey 2021/22. UK survey findings. The DB pension risk management journey

By AON We have been carrying out the Global Pension Risk Survey every two years for over a decade and it gives the industry great insight into how the pensions landscape has developed. When the COVID-19 pandemic hit in early 2020, it created many challenges for sponsors, pension schemes and their members. We saw sponsors and trustees reassessing the risks that they faced. While the impact was not negative for all pension schemes, there was a large market crash which had a...

March 25, 2022

Books, Pension Management2022, DB Schemes, Risk, UK

25MarMarch 25, 2022

UK. Investment approach is increasingly key to pension endgames

Aon has said that with 2022 promising to be another active year in the UK pension risk settlement market, an increasing number of schemes are focusing on their investment approach in the bid to be ‘settlement ready’. Aon’s recently released Global Pension Risk Survey 2021/22 showed that more UK defined benefit (DB) pension schemes are now opting for buyout as their long-term target rather than just self-sufficiency. To prepare for that, schemes are ever more aware that they need to...

March 25, 2022

News, Slider2022, Investment, Pension Management, UK

24MarMarch 24, 2022

UK. Creating a sustainable retirement plan

ESG is becoming more commonplace within retirement strategies. Indeed, recent figures from Aviva, highlighted that an strong majority (72%) of pension savers consider such initiatives to be important when developing their long term financial plans. As such, more and more pensions schemes and businesses operating within the retirement industry are prioritising ESG above most other investment considerations. For example, the Universities Superannuation Scheme Britain’s largest pension scheme – announced plans to completely disinvest in companies involved with coal mining, tobacco...

March 24, 2022

News, Slider2022, ESG, Sustainability, UK

22MarMarch 22, 2022

UK. Pension schemes to tackle deforestation in climate push

Pension schemes in the UK will be expected to do more to tackle deforestation as part of the government’s climate policies, pensions minister Guy Opperman has warned. Writing in Responsible Investor with Lord Goldsmith, minister for the Pacific and the international environment, Opperman said that because “forests and land use are a significant source of carbon emissions”, any action on climate change “will need to take deforestation into account”. “During our COP26 presidency, we are putting forests front and centre of...

March 22, 2022

News, Slider2022, Climate crisis, Investment, UK

21MarMarch 21, 2022

UK. ‘Pensioner poverty’ alarm as older people raid pension pots

Older people face the prospect of “pensioner poverty” due to the rising cost of living and the falling value of the stock market, it has been claimed. Figures from online investment platform Interactive Investor show its customers withdrew a quarter more from their private pensions in January as the cost of energy, food and petrol went up. The figures have prompted concern that pensioners will not have enough money to see them through retirement. In January, the average withdrawal from an Interactive...

March 21, 2022

News, Slider2022, Income, Pension Payout, UK

18MarMarch 18, 2022

UK. Pension dashboards are coming – action for occupational pension schemes to take now

Establishing a system of “pension dashboards” to enable individuals who have yet to take retirement benefits to find clear, standardised information about all their pension arrangements (including rights to state pension) in one place is a key element of the government’s pension strategy. The ambition is laudable but achieving it will be a mammoth task, requiring significant time and resource from occupational pension scheme trustees, pension managers and administrators. All UK occupational pension schemes with 100 or more non-pensioner members...

March 18, 2022

News, Slider2022, Occupational Pensions, Technology, UK

17MarMarch 17, 2022

Research reveals shortcomings in retirement preparedness in the UK

Berkshire and Buckinghamshire residents are most prepared for retirement, despite only 52.3 per cent of residents being on track for a moderate income, the Hargreaves Lansdown Savings and Resilience barometer has revealed. The research showed that around 50.6 per cent of residents in Surrey, East and West Sussex were on track for a moderate retirement income, defined by the PLSA as around £20,800 per year for a single person and £30,600 per year for a couple. In addition to this, around...

March 17, 2022

News, Slider2022, Income, savings, UK

16MarMarch 16, 2022

UK. What impact could the Russian invasion of Ukraine have on pensions?

The terrible atrocities in Ukraine have had major consequences on the world from creating a large-scale humanitarian crisis to unnerving global stock markets. But platform Interactive Investor (II) said that the latter has “implications for the value of pension pots and by extension, retirement plans”. Read also China markets in turmoil as Russia ties add to list of risks Initially, the concern among pension savers was that they did not want to be invested in Russian companies. A number of pension providers...

March 16, 2022

News, Slider2022, Investment, Russia, UK

15MarMarch 15, 2022

UK pension schemes have little direct exposure to Russia, regulator says

British pension schemes have very little investment in Russian securities, The Pensions Regulator's policy director said on Monday, though he added there were practical difficulties in selling them. Moscow's invasion of Ukraine has led to many firms rushing to offload Russian assets, though Western sanctions and counter-measures by Russia have made it hard to do so. "Russian stocks do make up a very small proportion of some global indices," David Fairs, The Pensions Regulator's executive director of regulatory policy, analysis and...

March 15, 2022

News, Slider2022, Investment, Russia, UK

15MarMarch 15, 2022

UK. Pension funds will increase impact investing, research finds

Pension funds are predicted to increasingly invest with impact, according to a survey by the Impact Investing Institute and EY, the professional services firm. The UK impact investing market had an estimated £58bn in assets under management at the end of 2020. Only 1 per cent of this figure was attributed to pension fund managers. But pension funds, asset managers and family offices were seen as the primary drivers of future growth given the scale of capital they control, a survey...

March 15, 2022

News, Slider2022, Investment, UK

March 2022