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Complexity in pension governance: What does the future hold?
Across the pension industry, we have seen numerous changes to governance in recent years. Since the Pensions Act in 1993, regulation has steadily been ramped...
Pensions in 2016: The top three priorities for the year ahead
2015 was a year of seismic change in the pensions industry, as new freedoms and auto-enrolment continue to shake up the landscape of long-term financial...
Complexity in pension governance expected to increase, despite concerns around member outcomes
19th January, 2016 — The majority of pensions managers (61%) do not agree that changes in governance over the last five years have improved member...
How will the changing role of pensions affect the way employers deliver them to employees?
Given that so much has changed in pensions and the way employers relate to them, how will pension provision fit into the reward package for...
Will Factor 55 be as big a challenge to workforce planning as anticipated?
On the back of the new pension rules, the age of 55 is set to become a huge milestone in people’s working lives, which is...
Tapered annual allowance: how can you help?
Earlier this year, the government announced provisions for reducing the annual pension allowance for individuals earning over £150,000. These high earners will see their annual...
Withdrawal strategies in retirement
Recent reforms to the pensions market in the UK have expanded the choice available for accessing pension savings. However, with greater choice comes greater complexity....
How to improve understanding of pensions and long term savings in the workforce
Currently, only a third of UK workers are prioritising long term saving. Furthermore, of those that are saving for their retirement, many are not saving...
Should employers facilitate a drawdown route for employees?
The pension reforms, introduced by the government in April 2015, have brought about a whole new way of thinking about retirement that impacts almost every...
UK workers left vulnerable and in the dark about new pension reforms
A startling lack of public awareness about the new pension reforms and a concern that they may exacerbate irresponsible spending, pensioner vulnerability and fraud is...
The role of master trusts in the UK pensions market
Watch Fiona Matthew’s interview with Francesca Fabrizi from Pension Age, to learn more about LifeSight. Fiona discusses how the industry has reacted to the pension...
Young professionals in the UK show transformation in attitudes towards saving
London – 12th October 2015 – 18-34 year old professionals have better savings habits than any other age group of workers according to new research...
Attitudes to pension reforms: Why employers need to address employees’ concerns
As the government’s pension reforms start to become a reality for many people, the financial ombudsman and pensions industry are getting increasingly concerned about the...
The death of pensions? Should the industry be re-branding the P-word to be more about savings rather than pensions?
When people start saving into a pension they essentially obtain a pay rise. Not only will the Government top up a pension pot by providing...
Are we in the midst of a pension revolution?
The Government’s recent pension reforms bring about a quiet revolution in how working people save, access, manage, and use their pensions. The new rules state...
How pension provision can secure new talent and help retain staff
The quality and extent of pension provision has always been an important factor for British workers when choosing a new role and organisation. And...
LifeSight demonstrates governance quality through PQM accreditation
Towers Watson’s new master trust, LifeSight, is awarded PQM READY accreditation – underlining its leadership as only one of eleven schemes to gain the prestigious...
UK employers failing to enable staff to use new drawdown flexibilities
Towers Watson publishes new research that shows the huge employee demand for pension drawdown is not being met and calls upon industry to develop best...
Willis Towers Watson appoints PwC as auditor for its UK DC master trust, LifeSight
LONDON – 17 June, 2015 – Wilis Towers Watson has appointed PwC as auditor for LifeSight, its UK DC master trust. This appointment takes effect...
To drawdown or not to drawdown?
The latest pension reforms have introduced greater freedom, flexibility and choice for people that want to tap into their pension savings when they reach 55....
Pension reform
The Government’s new pension reforms are already driving many of the UK’s leading organisations to review the pension schemes they offer to staff. Larger organisations...
