Pension news in the UK | Page 3

An overview of news, trends and research in the Pension industry in the UK:

UK Millennials need to save £1 million for comfortable retirement Around £1 million is needed to retire with a similar quality of life to someone with around £24,000 per year in their mid-20s, a new study from Mazars has revealed.
13 June 2017
Global pensions assets pool grows to $36.4 trillion, equities dominate The value of pension assets globally is up around 4% to $36.4 trillion, the majority of which (92%) is held by seven countries.
09 March 2017
Total global alternative assets under management grows to $6.2 trillion Total assets managed by alternative investment managers globally has hit $6.2 trillion. The 100 largest players account for nearly 60% of the market, holding a combined $3.6 trillion in assets.
28 July 2016
Employers making strides in retirement & pension offerings Saving for retirement remains a paramount concern for some, and not much of a concern for many.
29 February 2016
DP World appoints Barnett Waddingham to P&O Pension Barnett Waddingham has been appointed to provide actuarial services to the P&O Pension Scheme. The £1.5 billion P&O Pension Scheme is, since its sale in 2006, linked to DP World. The value of the deal has not been disclosed.
20 January 2016
Mercer picks up two pensions experts from rival KPMG As part of Mercer’s expansion in the UK, which has seen it hire sixteen people in recent months, the firm has poached two KPMG pensions experts, Stephen Budge and Tejas Patel.
23 December 2015
Mercer launches marketplace for bulk annuity market The UK Defined Benefit schemes have had a turbulent time in recent years as low bond yields and interest rates have cut into expected long term returns.
24 November 2015
Countries with the best pension systems in the world For the fourth year in a row Denmark has the world’s best pension system, according to a benchmark by Mercer and the Australian Centre for Financial Studies.
16 November 2015
Aon launches the Aon MasterTrust to meet demand Aon has launched ‘Aon MasterTrust’ for occupational trust-based pension schemes of more than £20 million, on the expectation of an increase in demand for master trusts.
11 November 2015
Redington launches Will Power & Pensions Panda Saving for the golden years remains an issue among many people in the UK, even while the length of the golden years increases.
06 November 2015
30 actuarial advisory firms launch GLOBACS network 30 actuarial advisory firms from across the globe have teamed up to launch Global Actuarial & Consulting Services (GLOBACS), a global network that unites the offerings, footprint and expertise of its
03 November 2015
Grant Thornton boosts pensions advisory with two hires Grant Thornton has boosted its pensions advisory team with the appointment of Ramona Jones and Zoe O’Donnell, who both join the firm as Associate Director in London.
29 September 2015
Fiduciary management use by pension schemes grows Almost half of the UK’s largest pension schemes now use a third-party fiduciary manager, research by Aon Hewitt shows, despite questions as to whether their members’ interests are being served by suc
09 September 2015
Private sector UK pension deficit reaches 900 billion The combined deficit of private sector DB schemes in the UK now stands at around £900 billion, up from £250 billion since the start of the millennium, despite companies pouring in £500 billion toward
18 August 2015
Collaborative ventures on the rise in financial services industry A curious cultural shift is taking place when it comes to problem-solving in the financial services industry, writes Joe Channer, CEO of consulting firm Delta Capita.
18 August 2015
Lockheed Martin selects Aon Hewitt as fiduciary advisor The UK organisation of Lockheed Martin has appointed Aon Hewitt, the global talent, retirement and health solutions business of Aon, to provide delegated investment services to its Pension Plan.
14 August 2015
Denplan appoints Aon for auto-enrolment of pensions Denplan has appointed Aon to provide it with an auto-enrolment pension scheme for its member dental practices.
06 August 2015
Hymans Robertson scheme actuary of BAE Systems The Trustee Boards of the BAE Systems Group Pensions Schemes (BAE Systems) have appointed Hymans Robertson to provide scheme actuary services across all of its pension schemes.
04 August 2015
Towers Watson: UK pensions reforms not understood As a result of the UK pension reforms, those aged 55 and over have considerable more options to put their pension savings to work, or lose them.
24 July 2015
Capita: Three in four employees experience work stress Three in four UK employees are experiencing work related stress, with especially young employees affected, Capita’s latest employee survey shows.
20 July 2015
Towers Watson appoints PwC as auditor for LifeSight Towers Watson has appointed PwC as auditor for LifeSight, its DC master trust for the UK market.
14 July 2015
PwC boosts Pensions Investment Advisory Business PwC has boosted its Pensions Investment Advisory business with the appointment of Nikesh Patel as Senior Manager Investment Risk.
10 July 2015
Mercer and Redington win European Pensions Award Mercer and Redington have managed to scoop a prestigious ‘European Pensions Award’ during the 2015-edition of the annual award ceremony held recently in London. Redington was named ‘Risk Management Firm
09 July 2015
AAM and Hymans Robertson sign GO digital savings deal Aberdeen Asset Management joins forces with Hymans Robertson to support digital future in retirement saving solutions. The two firms signed an agreement to bring in Hymans Robertson's Guided Outcomes retirement tool for Aberdeen'
03 July 2015
Hymans Robertson: UK pension liabilities outstrip GDP For the first time, UK pension liabilities outstrip GDP, data from Hyman Robertson shows. While GDP rose to £1.8 trillion in 2015, liabilities increased to staggering level of over £2 trillion. According to the consulting firm, pension
18 June 2015
6 consulting firms win FT Pension & Investment Awards Capita, Hymans Robertson, Lane Clark & Peacock (LCP), P-Solve, Punter Southall and PwC been recognised for their excellent performance as pension providers during the Pension and Investment Provider Awards. The 6 fir
26 May 2015
AGFA hires Hymans Robertson as scheme actuary The Trustee of the Agfa-Gevaert UK Group Pension Plan has appointed pensions and risk consultancy Hymans Robertson as actuarial and investment consultant.
20 May 2015
Aon Hewitt advises Lehman Brothers on £675 million pension buy-in Aon Hewitt has helped secure a £675 million buy-in transaction for the trustees of the Lehman Brothers Pension Scheme with Rothesay Life.
15 May 2015
Seven business consultancies win UK Pensions Awards Spence & Partners, Mercer, PwC, Aon Hewitt, LCP, Redington and Hymans Robertson have been recognised for their excellent performance as pension advisors during the UK Pensions Awards, held last Thursday 7 May in London. The seven consultancies
11 May 2015
South & North West: regions with longest retirements The South West & North West regions are the regions with the longest retirements in the UK, research by Club Vita - part of Hymans Robertson shows, with average years of being retired surpassing 18 years. According to Hymans Robertson, these fi
30 April 2015
12 firms shortlisted for pension & investment Awards On Wednesday 20 May 2015 the Pension and Investment Provider Awards will take place in London, celebrating excellent performances of pension and investment providers in the UK. Twelve consulting firms have been shortlisted as finalists.
20 April 2015
Barnett Waddingham: Pension costs universities to soar Universities may find their pension liabilities soar in the coming months, warns Barnett Waddingham in a new report. According to the business advisors, the recent fall in corporate bond yield may push up liabiliti
16 April 2015

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