Coronavirus - COVID-19
UK Retirements Could Be Postponed Due to Pandemic
Research from Aviva finds that some may have to spend more of their life working because of COVID-19.
Tag: UK
Pensions
Trade Association Says UK COVID Bill Could Hurt Pension Industry
The PLSA warns of ‘unintended negative consequences’ for pensions of insolvent firms.
Regulation
UK Regulator Targets Defined Benefit Transfer Weaknesses
FCA bans contingent charging, finds British Steel pensioners received worse advice than most.
Research
UK Corporate Pension Funding Hammered by Pandemic in April
FTSE 350 company plans swing to £52 billion deficit from £10 billion surplus during the month.
Asset Allocation
Op-Ed: We Need to Talk about Pensions
Matthew Bale from RiskFirst, a Moody’s Analytics company, takes an analytical look at the implications of COVID-19 for the UK pension industry.
Coronavirus - COVID-19
UK Equity Funds Weather Market Turmoil Surprisingly Well
Fixed income unexpectedly takes brunt of record monthly outflow of UK mutual funds.
Asset Management Culture
Pandemic Causes Railway Pension to Leave Taxpayers Shouldering £8 Billion Deficit
The UK-based Transportation Railway Scheme is deliberating ways to support the troubled railway pension.
Coronavirus - COVID-19
Fitch Downgrades UK’s Rating in Light of COVID-19 Impact
Brexit uncertainty, fiscal easing also factored into downgrade and ‘negative’ outlook.
Risk
UK Insurance Sector Warns Rate of Pension Withdrawal Unsustainable
Association of British Insurers says future retirees risk running out of money.
Pensions
UK Universities Launch Largest Strike in History over ‘Radical Changes’ to Pension Plan
University staff start 14 days of strikes at more than 70 campuses.
Regulation
Proposed UK Law Would Require Pensions to Report Climate Impact, a First Worldwide
However, trade association warns it would give the government ‘unprecedented new powers.’
Asset Management Culture
UK Authority Finds Pensions’ Tech Upgrades Are Floundering
Pensions Administration Standards Association blames poor quality data for derailing automation in pension plans.
Market Moves
UK DB Plans Funded Ratio Rises to 96.1% in November
Deficit for UK defined benefit plans fell to £71.1 billion.
Risk
UK Pension Risk Transfer Market to Quadruple in Decade
Mercer expects UK bulk annuity market to top £40 billion this year.
Risk
Changing RPI to CPIH Will Have Big Impact on UK Pensions
New inflation gauge will be ‘huge good news for some and huge bad news for others.’