Latest pension news

Here are some of the latest pension news updates:

UK Pensions

  1. State Pension Age Increase: The UK government has announced plans to increase the state pension age to 67 by 2028, and to 68 by 2039. (Source: GOV.UK)
  2. Pension Freedoms Review: The UK government has launched a review of the pension freedoms introduced in 2015, which allowed people to take 25% of their pension pot tax-free. The review aims to ensure that the system is fair and sustainable. (Source: The Telegraph)
  3. Auto-Enrolment Review: The UK government has announced a review of the auto-enrolment pension scheme, which requires employers to automatically enroll eligible employees into a workplace pension scheme. The review aims to ensure that the scheme is effective and efficient. (Source: GOV.UK)

International Pensions

  1. US Pension Reform: The US government has passed a pension reform bill, which aims to address the pension crisis facing many multi-employer pension plans. The bill provides funding relief and other measures to help these plans recover. (Source: The Hill)
  2. Canada Pension Plan: The Canadian government has announced plans to increase the Canada Pension Plan (CPP) contribution rate to help ensure the long-term sustainability of the plan. The increase will take effect in 2025. (Source: Government of Canada)
  3. Australia Superannuation: The Australian government has announced plans to increase the superannuation guarantee rate from 9.5% to 10% in 2021, and to 12% by 2025. The increase aims to help Australians save more for retirement. (Source: Australian Government)

Pension Industry Developments

  1. Pension Fund Consolidation: The UK's pension regulator, the Pensions Regulator, has announced plans to consolidate the country's pension funds to reduce costs and improve efficiency. (Source: The Financial Times)
  2. Sustainable Investing: Many pension funds are increasingly focusing on sustainable investing, with a growing number of funds committing to divest from fossil fuels and invest in environmentally friendly assets. (Source: The Guardian)
  3. Pension Technology: The pension industry is seeing significant investment in technology, with many pension providers and administrators adopting digital solutions to improve efficiency and reduce costs. (Source: Pensions & Investments)

These are just a few examples of the latest pension news updates. If you're looking for more information or have specific questions about pensions, feel free to ask!