Over 14 million savers now have access to the PLSA’s Retirement Living Standards (RLS) helping them to picture their retirement futures.
Technology is enabling pension funds in Asia to streamline and centralise their administrative processes, enhance user experience, and create alternative investment and payment channels for their members, according to Cerulli Associates.
The widespread economic impact of Covid-19 is heightening the financial pressures which retirees face, both now and in the future. Coupled with increasing life expectancies and the rising pressure on public resources to support the health and welfare of ageing populations, Covid-19 is exacerbating retirement insecurity, according to the 12th annual Mercer CFA Institute Global Pension Index.
Increased investment in technology will pay off for SIPP providers as the market expands, new adviser research from iPensions Group shows.
With the UK State Pension age having risen to 66 the week, new research by the personal finance experts at money.co.uk, reveals that over two million working Brits don’t think they will ever be able to afford to retire.
Canada Life has added 430 funds from major asset managers and investment specialists its Retirement Account drawdown platform, taking the number of funds available to circa 1,550.
iPensions Group Limited, recently rebranded from Momentum Pensions Limited, has launched The Platform SIPP, the first in a series of technology-led pensions solutions designed to provide advisers and their clients with transparency, control, and choice.
PIMFA, a trade association for the wealth management and financial advice industry, has given evidence to the House of Commons’ Work and Pension Select Committee inquiry into pension freedoms and scams.
A recent report from Canada Life suggests that one in ten employees in the UK have frozen their pension contributions during the Covid-19 pandemic potentially reducing their future pension savings by thousands of pounds.
Research conducted by Canada Life shows that one in ten workers have paused pension contributions, which could have serious implications for retirement hopes across the country.