Samantha Downes

The financial services industry has nothing to fear from artificial intelligence which can enhance and not replace the human skills needed to keep building trust between providers and savers.

The Bank of England’s Prudential Regulation Authority has proposed changes to the use of funded reinsurance, which is used by insurance companies when completing a buy-in of a final salary pension scheme using a bulk purchase annuity (BPA) policy.

Employers are reluctant to support higher pension contributions because workers value more immediate workplace benefits including pay rises, free hot drinks and improved bathroom facilities.

The collapse in pension saving among self-employed workers is a major cause for concern, warned Torsten Bell.

At a recent industry conference, Matt Lomas from the industry-wide pension scheme set out how his team has adapted and honed its stewardship and engagement activities.

The financial services profession should focus on how AI can meet operational challenges rather than asking how it can be deployed.

Local authority pension schemes should remain invested and engage with companies rather than divest their holdings in response to political pressure.

The impending launch of the MoneyHelper Pensions Dashboard has helped improve the quality of data across the industry, according to pensions minister Torsten Bell

Advisers can expect to enjoy a flood of new business when the government’s pensions dashboard system finally goes live next year.

Pension reform is entering a ‘delivery phase’ which will provide savers and the industry with clarity and certainty, according to the minister for pensions.