
Caitlin Southall
Articles
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2 weeks ago |
moneymarketing.co.uk | Adrian Boulding |Darius McQuaid |Caitlin Southall
A new Pensions Bill is expected to be introduced in Parliament in the coming weeks. It promises to be substantial in scope, and one of its key provisions will be the introduction of Guided Retirement legislation for certain individuals as they approach the point of vesting their pension plans. The new rules will place a duty on trustees of defined contribution occupational pension schemes to identify and offer suitable retirement income products to members nearing retirement.
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2 weeks ago |
moneymarketing.co.uk | Matt Storey |Caitlin Southall |Darius McQuaid
It’s hard to believe it’s been a decade since pension freedoms landed, giving individuals greater flexibility around accessing their DC pension savings from age 55. At the 2014 Spring Budget, then chancellor George Osborne sent shockwaves through the pensions sector as he announced fundamental reforms.
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3 weeks ago |
moneymarketing.co.uk | Tom Selby |Caitlin Southall |David Ferguson |Darius McQuaid
Chancellor Rachel Reeves and pensions minister Torsten Bell make for unlikely Mafia bosses, but there was something a bit Vito Corleone about the reported threat from officials to mandate UK investment from pension schemes if they didn’t ‘voluntarily’ bend to the government’s will.
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3 weeks ago |
moneymarketing.co.uk | Tom Browne |Caitlin Southall |Darius McQuaid
Seventeen of the UK’s largest workplace pension providers have committed to invest at least 10% of their defined contribution (DC) default funds in private markets by 2030, with half of that (5%) earmarked for UK assets. The move, under the newly launched Mansion House Accord, builds on last year’s Mansion House Compact and is being led by the Association of British Insurers (ABI), the Pensions and Lifetime Savings Association (PLSA) and the City of London Corporation.
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4 weeks ago |
moneymarketing.co.uk | Darius McQuaid |Kimberley Dondo |Caitlin Southall
Retirees target pension pot would only last for 11 years according to a report by Retirement Review. The report showed the average personal target pension pot for retirement is £253,701.40 which would likely provide a target income of £30,050.20 for just 11 yearsAdditionally, the average age respondents expected to retire was 65.7 years. A third of consumers are still unsure of both their current pension pot size and their target savings for retirement.
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