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DB surpluses hit record £223bn in August
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UK DB pension surpluses hit a record £223bn in August against long-term funding targets, according to analysis from pensions consultancy XPS.
Hargreaves and Schroders first to offer LTAFs in a SIPP
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Hargreaves Lansdown has partnered with Schroders Capital to add two of its private markets long-term asset funds (LTAFs) to its platform.
Read more: Hargreaves and Schroders first to offer LTAFs in a SIPP
Phoenix Group to rebrand as Standard Life
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Savings and retirement group Phoenix will rebrand as Standard Life next March.
McFadden appointed new Work and Pensions Secretary
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Veteran Labour MP Pat McFadden has been appointed the new Work and Pensions Secretary in the latest Cabinet reshuffle following the resignation of Angela Rayner on Friday.
Read more: McFadden appointed new Work and Pensions Secretary
Pension savers rushing to take 25% tax-free cash
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Pension savers rushed to withdraw their 25% tax-free cash in unprecedented volumes in the 2024/25 financial year, according to new FCA data.