UK Archives - Page 101 of 193 - Pension Policy International

17MayMay 17, 2022

UK. Public-Sector Workers Delay DC Plan Decumulation

Almost half of public sector employees are taking no action to decumulate defined contribution plan retirement savings once retired, according to Mission Square Retirement research released this month. Josh Franzel, managing director at the Mission Square Research Institute, says the results of their research can help plan sponsors understand how public sector participants and retirees—most of whom also have a defined benefit plan—behave regarding their supplemental defined contribution savings. “It’s important to take a holistic view from a plan sponsor perspective...

May 17, 2022

News2022, Defined Contribution, Pension Payout, UK

16MayMay 16, 2022

UK. Cost of living crisis could worsen pension scams

The cost of living crisis could worsen the number of pension scams according to wellbeing specialist People-tech. It warns people struggling with rising costs are likely to access their pensions and has relaunched a scam predictor tool. The pension scam predictor works as savers are asked a range of straight forward questions that a scammer might use to coerce them into transferring their pension. Once complete the predictor displays a likelihood of the pension transfer being a scam, listing the red flags...

May 16, 2022

News2022, Regulation, Risk, UK

13MayMay 13, 2022

UK. 12 pension funds launch EM climate collaboration

A group of 12 UK pension funds convened by the Church of England (CofE) Pensions Board have teamed up in a bid to find ways in which to support the climate transition in emerging markets. The schemes include the £83bn Universities' Superannuation Scheme; the £57bn BT Pension Fund; Railpen, which manages the £37bn of assets; the £35bn Brunel Pension Partnership; the £55bn Border to Coast Pension Partnership; Nest, which has £24bn; and the £30bn Legal & General Workplace Pension Plan...

May 13, 2022

News2022, Corporate Governance, ESG, Investment, UK

12MayMay 12, 2022

The DC Future Book 2021: In Association With Columbia Threadneedle Investments

By Pension Police Institute & Investments Columbia Threadneedle Columbia Threadneedle Investments has supported The DC Future Book since its inaugural publication six years ago. We are pleased to see that it has become the foremost longitudinal study of the UK Defined Contribution (DC) market we envisaged it to be. This is a special edition indeed – it is the first time that the Pensions Policy Institute has been able to track DC market activity against the backdrop of a major crisis....

May 12, 2022

Books, Investment, Pension design, Pension Management2022, Adequacy, Corporate Governance, Defined Contribution, ESG, UK

12MayMay 12, 2022

Pensions: people on lower incomes can be confused and disadvantaged by defined contribution pensions

New research released finds defined contribution (DC) pension schemes, which do not automatically offer a secure, guaranteed income for life, can lead to poor outcomes for those on lower incomes. Since the introduction of ‘pension freedoms’ in 2015, the vast majority of consumers are opting against a guaranteed income, resulting in them facing significant threats to their retirement security. Researchers from the University of Birmingham, supported by abrdn Financial Fairness Trust, conducted in-depth interviews with DC pension consumers and gained...

May 12, 2022

News2022, Financial Education, Income, System sustainability, UK

12MayMay 12, 2022

UK. 60% of pension funds don’t expect to meet net zero goals

Sixty per cent of a group of large pension funds across North America, Europe and Australasia believe they will fail to achieve their net zero goals under current conditions, new research has revealed. This pessimistic outlook — disclosed by Create-Research, which surveyed 50 large funds that collectively manage €3.3tn (£2.9tn) in assets — comes despite more than half of those surveyed having either already embedded or are in the process of incorporating net zero strategies into their portfolios. The findings will...

May 12, 2022

News2022, Climate crisis, Corporate Governance, UK

11MayMay 11, 2022

UK. Queen’s Speech measures spark protests

There was no mention of automatic enrolment reform in the Queen’s Speech, but bills around local boycotts, online safety and a revamped audit and reporting framework will all impact the industry, experts have said. Campaigners have promised to take to the streets to protest a bill aimed at tackling local boycott, divestment and sanctions campaigns by public bodies including the Local Government Pension Scheme. Meanwhile, pensions minister Guy Opperman has promised that a consultation into a new value for money framework...

May 11, 2022

News2022, Operations, Regulation, UK

10MayMay 10, 2022

US. The Impact Of Government Retirement Requirements On Small-Business Owners

Retirement funds in America accumulate mainly through employer-sponsored plans including 401(k) accounts. As of 2021, 68% of private industry workers had access to this type of plan. However, while an exact number is not known, in 2017, the U.S. Census Bureau estimated that only 41% of those with access to a 401(k) contributed to it. As a response to this issue, a number of states have passed retirement mandates requiring businesses to offer their employees a retirement savings plan. While...

May 10, 2022

News2022, Gender Gap, UK

10MayMay 10, 2022

UK. FCA needs more crypto experience, expert warns

The FCA needs more experience with crypto in order to understand the asset class fully, an expert has warned. Mark Aruliah, senior policy adviser at blockchain analysis firm Elliptic, who spent a number of years as a technical specialist at the FCA, said he doesn’t see any strong advantages in being in the UK as a crypto firm. “I’m not saying the UK regulator is in a positive or negative position, I think the jury is out for me,” he said. Speaking...

May 10, 2022

News2022, Cryptocurrencies, Regulation, UK

09MayMay 9, 2022

Half of older women fear having to work beyond UK state pension age – study

Half of older women fear they will have to keep working beyond the state pension age in order to make ends meet, according to research. As many as 53% of women aged 45 and over surveyed by the older worker advice website Workingwise.co.uk said they were concerned that their pension would not be enough for them to be financially independent in later life. The study, carried out to investigate women’s economic situation as they approach retirement, exposes the lasting impact that...

May 9, 2022

News2022, Gender Gap, UK

May 2022