UK BMW Workers Accept Revised Pensions Deal
New offer more than triples payments proposed in rejected offer.
Tag: UK
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.
Research
UK Pension Fraud, Error Declines Slightly
The rate of overpayments, underpayments on pension credit edges lower from last year.
Canada’s PSP Investments Opens European Hub
London-based team will focus on private equity, private debt, infrastructure, and real estate.
Private Real Asset Funds on Par with ESG Investments
Report finds investments in timber, real estate, and infrastructure often align with social impact goals.
Risk
Eight Largest Pension Systems Will Have $400 Trillion Gap by 2050
World Economic Forum warns of “imperiling the incomes of future generations.”
UK Seeks to Remove Triple Lock, Create Sovereign Wealth Funds
Conservative Party manifesto calls for changing the triple lock to a double lock.