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14 August 2024
PMI’s activity to promote financial education
The Innovation group of the PMI has been tasked with identifying hard to fix issues, and then seeking to influence policy to support improvements in these areas. The first priority task being considered is Financial Education.
Key Takeaways from "The future of policy in the DB de-risking landscape"
The session The future of policy in the DB de-risking landscape took place at the PMI's Annual Conference 2024, and reviewed the current and future state of DB pensions, highlighting improved funding levels and increased BPA transactions as schemes aim to de-risk. Speakers discussed the regulatory landscape, including Solvency II reforms and PRA reviews affecting DB BPA pricing and funded reinsurance.
The PMI welcomes Emma Reynolds as the new Minister for Pensions. A recent poll highlights key reforms PMI members prioritise: lowering the auto-enrolment age to 18, increasing contribution rates, enhancing financial education, simplifying the tax regime, and establishing a standing Pensions Commission. Tim Middleton, PMI’s Director of Policy, looks forward to collaborating with the new minister on these crucial reforms.
The Pensions Management Institution (PMI) appoints Paragon as its Communications Insight Partner
The Pensions Management Institute is delighted to announce it has appointed Paragon as an Insight Partner to help pension schemes improve their member communications.
COST OF LIVING HIT TO PENSIONS CAUSES RETIREMENT PLANNING MISERY
New research by the Pensions Management Institute (PMI) shows that almost half (49%) of working adults have changed their retirement plans because of the Cost-of-Living Crisis. This includes 24% of people who are set to delay their retirement and 23% who have reduced their pension contributions. One in twenty people (5%) admitted to stopping their pension contributions entirely.
Schroders and the Pensions Management Institute unveil landmark Lifetime Savings Initiative
Schroders and the Pensions Management Institute (PMI) are excited to announce the public launch of the Lifetime Savings initiative (LSI), a pioneering project set up to highlight the real challenges facing UK savers.
