Corporate Adviser

3 days ago | corporate-adviser.com | Emma Simon

Cash plans enjoyed the strongest growth in 2024 across all protection and healthcare product lines according to Corporate Adviser Insight’s latest sector report. TO DOWNLOAD A FULL COPY OF THE REPORT CLICK HERECorporate Adviser’s Workplace Protection and Wellbeing report showed that the number of employees covered by cash plans rose 9 per cent in 2024. All other products lines showed positive growth over the past 12 months, albeit at a slower rate than has been seen in recent years.

3 days ago | corporate-adviser.com | Emma Simon

UK savers are far less likely to seek advice or guidance on their retirement options when compared to those in other countries, according to new research. State Street Global Advisors’ ‘Retirement Reality Report’ revealed a challenging picture in the UK, with the majority of DC savers pessimistic about their retirement prospects. The report found that ‘retirement confidence’ has increased marginally on their previous global report, but this is from a very low base.

3 days ago | corporate-adviser.com | Muna Abdi

Penfold now has over 100,000 savers and £750 million in assets under administration. The firm reports that it has quadrupled its customer base in three years, amid rising demand for digital workplace pensions. Penfold provides workplace pensions for over 4,000 businesses, including more than 3,000 small firms with fewer than 10 employees, 500 SMEs, and several large organisations. In total, more than 55,000 employees are saving through Penfold.

3 days ago | corporate-adviser.com | Emma Simon

YuLife has launched its own patented preventive AI technology, which will now be incorporated within its underwriting and risk management systems to deliver ‘hyper-personalised’ health recommendations at scale. The insuretech company says AI integrates real-time health insights with predictive analytics. It says this will introduce a more dynamic approach to underwriting, designed to improve the health and wellbeing of policyholders.

3 days ago | corporate-adviser.com | Emma Simon

Schroders’ pension scheme has made a significant investment into private markets and green technology as its invests £48m into its Capital Climate+ LTAF. This investment comes from the DC section of Schroders Retirement Benefits Scheme (SRBS), as the trustees look to deliver greater diversification and and deliver more robust returns for members. The Capital Climate+ LTAF was the first long-term asset fund to receive regulatory approval.