Newsmakers
UK Supreme Court Upholds Pension Benefits for Same-Sex Couples
High Court says it is discriminatory to treat same-sex partners less favorably than an opposite-sex spouse.
Tag: UK
FCA Swings to Loss, Penalties Plunge 79%
UK regulator reports £8.6 million loss, penalties drop to £181 million from £879.5 million.
Newsmakers
Chase’s Dimon Concerned EU can “Dictate” Job Locations in Wake of Brexit
CEO says Brussels may wield too much influence, and also warns Fed may unwind QE too fast.
UK Automatic Enrollment Surpasses 8 Million Mark
Every week, tens of thousands are joining workplace pensions through automatic enrollment.
UK’s PPF Reports Strong Annual Results
Assets increased by £5.3 billion, as funding ratio rises to 121.6%.
UK BMW Workers Accept Revised Pensions Deal
New offer more than triples payments proposed in rejected offer.
Britons have More Faith in Real Estate Than in Pensions
Survey finds only 20% of the UK believe employer pensions will make the most of their money.
UK Watchdog Report Blasts Asset Managers
FCA says investors paying higher prices for funds typically achieve worse performance.
UK Millennials Shrug Off Pensions
Report finds half as many 18-34 year olds have pensions as older generations.
Newsmakers
UK Workers Missing Out on £2 Billion of Pension Contributions, Study Finds
An estimated 3 million employees are forgoing an average of £650 each per year in matching contributions.
UK’s FCA Proposes Changes to Pension Transfer Advice
New rules focus on moving from defined benefit to defined contribution plans.
Newsmakers
Auto Enrollment Boosts UK Pension Participation by 50%
Pension enrollment jumps by 5.4 million between 2012 and 2016.
Schroders Group Makes Executive Changes
Japanese equities head to retire and subsidiary Cazenove Capital appoints new UK CEO.
Newsmakers
UK Pension Safety Net to Expand to £32 billion
Pension Protection Fund raises its asset, membership projections for the next three years.
Research
UK Workers Expect to Retire Early, But May Not Be Saving Enough
Study finds younger workers are overly optimistic about when they will stop working.