Labour unveils proposals for pensions review
The Labour Party has announced its intention to carry out an “in-government pensions and retirement savings review” if it wins the next general election.
Source: professionalpensions.com
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PLSA outlines supporting UK growth as key strategic priority for 2024
The Pensions and Lifetime Savings Association (PLSA) has outlined establishing the possible role of the UK pensions industry to boost growth in the UK economy as its key strategic goal for 2024.
Source: professionalpensions.com
DB pensions: Advice industry shares funding concerns
More than one third (35%) of industry professionals are concerned about the stability of the funding of defined benefit (DB) pensions, according to a recent PA Asks survey.
Source: professionaladviser.com
DB membership gives more retirement confidence than DC
UK adults with a defined benefit (DB) pension scheme are more retirement confident than those with a defined contribution (DC) arrangement, Nucleus Financial has found.
Source: professionaladviser.com
Half of DB trustees now have endgame strategy
Half (50%) of defined benefit (DB) trustees now have an endgame strategy in place, research from Standard Life has found, however barriers to pursuing the goal remain for some.
Source: professionalpensions.com