Pension savers have held off from making changes to their pensions despite nearly half having been impacted by the pandemic, research finds.
The £2.3bn withdrawn flexibly from pensions in Q3 represents a 2% year-on-year decrease from monies withdrawn during the same months in 2019, HM Revenue and Customs (HMRC) figures show.
Latest Morningstar monthly flow figures
After speculation gained traction over the weekend, LV= has revealed it is in exclusive talks with Bain Capital over the sale of its remaining pensions and insurance business.
Royal London is eyeing a takeover of LV= that could value the group at around £500m, according to reports.
Offerings from Aegon, Aviva, and Scottish Widows have taken the crown in the Financial Technology Research Centre’s (FTRC) annual workplace pensions and auto-enrolment (AE) ratings.
More than 80 major fund management firms will come together to offer a range of investment internships to black graduates.
While furloughed workers are still entitled to pension contributions, Justin Corliss says employers must consider the impact of Covid-19 on their duties.
Jon Dean looks at whether the AE system can be adapted to meet low earners’ needs and lower financial resilience.