May 2020
13May

UK. Women in lower-grade jobs hit by pension change ‘at greater risk of depression’

Women in lower-grade occupations forced to work up to six years longer because of changes to the state pension age are a third more likely to suffer debilitating, potentially permanent, depression, research has found. The changes to the state pension age (SPA) have also resulted in a widening gap in health between women from different occupations, according to a paper by academics at King’s College London. “Our research is important because we know that worsening mental health will lead...

May 13, 2020
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13May

Some insights from the ‘United Kingdom 2020: Workplace Pensions Consumer Study’

The "Workplace Pensions Consumer Research Report 2020" report has been added to ResearchAndMarkets.com's offering. 55% of all consumers have a workplace pension Over half of all consumers have a workplace pension and among consumers with workplace pensions, most (51%) have a defined contribution (DC) pension with just over four-in-ten owning a final/career average pension. 85% of adults with a workplace pension have a pension with their current employer, with 15% having legacy pensions from previous employers. This report is...

May 13, 2020
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08May

The DB landscape Defined benefit pensions 2019

By The Pensions Regulator Welcome to the fourth edition of the DB landscape publication, TPR’s annual reporton the defned beneft (DB) pension schemes that we regulate. We have taken this information from the pension schemes register on 31 March 2019 and included DB an hybrid occupational schemes with more than one member. Our publication differs from the Pension Protection Fund (PPF)’s Purple Book as their data includes only those DB scheme, eligible for the lifeboat fund. We present the...

May 8, 2020
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08May

UK. FCA allowed uninsured adviser to finish nine DB transfers

The regulator allowed an adviser to complete nine defined benefit pension transfers at the end of last year despite the work being excluded from the firm's insurance. The advice firm notified the Financial Conduct Authority in August 2019 that it was unable to renew its professional indemnity insurance to cover defined benefit transfer activities, and was subsequently told to cease writing this type of business and transfer any pipeline clients to another adviser. The firm objected, instead asking...

May 8, 2020
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07May

UK. Staggering £19bn left languishing in unclaimed pension pots

Insurance association will work with UK government to ensure people ‘are reconnected’ with assets. Many Brits are not contacting their pension provider when they move house. The Association of British Insurers (ABI) surveyed 2,000 UK adults and estimated that there are around 1.6 million pension pots worth £19.4bn ($24.2bn, €22.5bn) unclaimed. This is the equivalent of nearly £13,000 per pension pot. The survey comes several years after the government predicted that there could be as many as 50 million...

May 7, 2020
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07May

Staggering £19bn left languishing in unclaimed pension pots

Insurance association will work with UK government to ensure people ‘are reconnected’ with assets Many Brits are not contacting their pension provider when they move house. The Association of British Insurers (ABI) surveyed 2,000 UK adults and estimated that there are around 1.6 million pension pots worth £19.4bn ($24.2bn, €22.5bn) unclaimed. This is the equivalent of nearly £13,000 per pension pot. The survey comes several years after the government predicted that there could be as many as 50 million dormant and lost pensions by...

May 7, 2020
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06May

UK Corporate Pension Funding Hammered by Pandemic in April

The accounting position of the defined benefit pension plans of the UK’s FTSE 350 companies plummeted in April as it swung from a surplus of £10 billion ($12.4 billion) at the end of March to a deficit of £52 billion at the end of the April due to the impact of the COVID-19 pandemic. Data from consulting firm Mercer’s Pensions Risk Survey shows that liabilities of the UK’s 350 largest listed companies surged by £102 billion to £897 billion at...

May 6, 2020
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06May

UK Corporate Pension Funding Hammered by Pandemic in April

The accounting position of the defined benefit pension plans of the UK’s FTSE 350 companies plummeted in April as it swung from a surplus of £10 billion ($12.4 billion) at the end of March to a deficit of £52 billion at the end of the April due to the impact of the COVID-19 pandemic. Data from consulting firm Mercer’s Pensions Risk Survey shows that liabilities of the UK’s 350 largest listed companies surged by £102 billion to £897 billion...

May 6, 2020
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06May

What are the implications for pension funds coming out of coronavirus crisis?

By Janet Rabovsky Last August, I wrote about whether central banks were creating a financial bubble with their coordinated easing programs intended to spur economic growth and/or lift inflation. In January 2020, I wrote about the end of the economic cycle, the potential for a recession and what that might mean for positioning an investment portfolio. Little did I know, when I wrote these articles, that we would be experiencing further central bank action as a result of COVID-19,...

May 6, 2020
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06May

What are the implications for pension funds coming out of coronavirus crisis?

By Janet Rabovsky Last August, I wrote about whether central banks were creating a financial bubble with their coordinated easing programs intended to spur economic growth and/or lift inflation. In January 2020, I wrote about the end of the economic cycle, the potential for a recession and what that might mean for positioning an investment portfolio. Little did I know, when I wrote these articles, that we would be experiencing further central bank action as a result of COVID-19,...

May 6, 2020
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