Current news on pension scheme
Here are some current news articles and updates on pension schemes:
UK Pensions
- Auto-enrolment review: The UK government has launched a review of the auto-enrolment pension scheme, which aims to increase the number of people saving for retirement. (Source: The Guardian, March 2023)
- Pension freedoms: The UK's pension freedoms, which allow people to access their pension pots from age 55, are being reviewed due to concerns over the impact on retirement savings. (Source: Financial Times, February 2023)
- State pension age increase: The UK government has announced plans to increase the state pension age to 67 by 2028, affecting millions of people. (Source: BBC News, January 2023)
International Pensions
- US pension crisis: The US is facing a pension crisis, with many states and cities struggling to fund their retirement plans. (Source: The New York Times, March 2023)
- Canada's pension reform: Canada is introducing pension reform measures to address concerns over the sustainability of its public pension system. (Source: The Globe and Mail, February 2023)
- Australia's superannuation: Australia's superannuation system is facing scrutiny over concerns about fees, investment returns, and access to retirement savings. (Source: The Australian, January 2023)
Pension Scheme Updates
- Nest pension scheme: The UK's National Employment Savings Trust (Nest) pension scheme has reported a surplus of £1.3 billion, following a review of its investment strategy. (Source: The Telegraph, March 2023)
- Aviva pension scheme: Aviva, a UK-based insurance company, has announced plans to close its defined benefit pension scheme to new members. (Source: Financial Times, February 2023)
- Pension scheme consolidation: The UK's pension scheme consolidation process is underway, with many schemes merging to reduce costs and improve investment returns. (Source: Pensions Age, January 2023)
Pension Industry Developments
- ESG investing: The pension industry is increasingly focusing on environmental, social, and governance (ESG) investing, with many schemes incorporating ESG factors into their investment decisions. (Source: Investment Week, March 2023)
- Fiduciary management: The pension industry is seeing a growing trend towards fiduciary management, where investment managers take on a more active role in managing pension schemes. (Source: Pensions & Investments, February 2023)
- Digital pension platforms: The pension industry is embracing digital technology, with many schemes launching online platforms to improve member engagement and administration. (Source: Financial News, January 2023)
These are just a few examples of current news and updates on pension schemes. If you're looking for more information, I recommend checking out reputable sources such as pension industry publications, government websites, and financial news outlets.