Pension News
Defaqto report predicts further M&A in retail pensions sector
Defaqto’s recently published ‘Retirement Savings & Income Report 2007 – A review of the individual retail pensions market in the UK’ – predicts that the sector is set for further consolidation, coming both from acquisitions and from integration of compatible businesses.
Annual report shows PPF provides real security for pensioners
The Pension Protection Fund (PPF) has pledged to focus more than ever on reducing long term risks to further increase security for pension scheme members.
Pension schemes must e-file
Registered pension schemes must submit certain information electronically to HMRC from today (16 October 2007).
ESIPPS bring SIPP investment to younger generation
Average age of those investing into online SIPPs is ten years younger than other SIPPs.
A free pension wrapper for life from Fidelity International
Fidelity International, UK manager of ISAs and PEPs, is today offering savers who are comfortable making their own investment decisions the chance to invest in a personal pension wrapper that is free – for life.
Scottish Life launches flexible Income release plan
Scottish Life, the pensions specialist arm of the Royal London Group, is to launch an Income Release plan that allows IFAs and their clients to maximise the flexibility provided by A-day rule changes, as well as to provide a traditional income drawdown facility.
High levels of interest shown in personal accounts
Recent research from Legal & General into people’s attitudes towards personal accounts has revealed that nearly half would choose to stay in these accounts when they are introduced in 2012.
Just Retirement welcomes outcome of Treasury and DWP review
Just Retirement, UK provider of enhanced annuities, today welcomed the package of measures proposed to improve the operation of the Open Market Option (OMO).
Top UK Corporate Pension Funds named in UKSIF report
The British Telecom Pension Scheme, Friends Provident Pension Scheme and Stagecoach Group Pension Scheme were named as the leading UK corporate pension funds in their approach to responsible investment in the first report ranking the pension funds of the UK’s Corporate Social Responsibility (CSR) Leaders.
Are some SIPP providers just using SIPPs to push in-house insured funds?
James Hay, the UK’s largest SIPP provider, today warns that certain SIPP providers have particularly high proportion of their assets in insured funds investments. James Hay analysis of the Pensions Management SIPP Survey shows that three major SIPP firms have over 70 per cent of SIPP assets held within in-house insured funds .
Shifting investment landscape for Defined Benefit pensions
Changes in Defined Benefit (DB) pension provision – highlighted in a new report from the Pensions Policy Institute (PPI) - could open up exciting new opportunities for investment managers, according to Threadneedle.
Future for Defined Benefit Pension schemes uncertain
There is considerable uncertainty concerning the future for Defined Benefit (DB) schemes in the private sector according to The changing landscape for private sector Defined Benefit pension schemes, a research report by the Pensions Policy Institute.
Brits sleep walking into retirement
A new report by Defaqto highlights the complacency that many people have about how they are going to fund their retirement.
Brits relying on property to fund retirement
A staggering 3.2 million people - 7% of UK adults - are relying on property investments to fund their retirement, leaving them dangerously exposed to fluctuations in the UK property market and interest rate movements, according to research from Baring Asset Management (Barings).
Opportunities still exist for pension providers
While it is widely acknowledged that people are not saving enough for their retirement, a new report from Defaqto to be published in early October, indicates that there are still good opportunities for pension providers to flourish in the current environment.