Defined contribution (DC) membership has once again grown, according to The Pensions Regulator’s (TPR) annual DC landscape report, but volatile markets have stunted growth of individuals’ pot sizes.
Usio, Inc. (USIO) reiterated guidance that full year 2023 revenues will increase 18 - 20% from full year 2022. The company said, excluding volume from the crypto industry, which it exited late in 2022, total full year 2023 processing volume would have been up 21% compared to full year 2022.
This week’s movers include those at the Local Government Pension Scheme, Pensions Administration Standards Association, TPT Retirement Solutions and Standard Life, among others.
The total number of occupational defined benefit (DB) and hybrid schemes has decreased by 2% over the last year, latest figures from The Pensions Regulator (TPR) show.