Defined benefit (DB) liability management has grown considerably in the last decade. Enhanced transfer values have stolen most of the headlines – mainly regarding whether DB transfers are in the interest of...
The Government is “complacent” about cost transparency failings in pensions industry and funds should be obliged to disclose costs in a uniform template, according to a report from the Work and Pensions...
The Personal Finance Society (PFS) has warned that the FCA’s pension transfer advice cost template, set out in Annex 1 of its consultation, could mislead consumers. As part of its consultation paper...
The Financial Conduct Authority (FCA) has set out plans to ban advisers charging based on a positive recommendation to transfer out of a defined benefit scheme. The decision to prohibit ‘contingent charging’ comes in...
The Government has confirmed it will review all public sector pension schemes after a Supreme Court ruling that changes made to the firefighter’s pension in 2015 were discriminatory to younger workers. Government...
Consultancy and administration firm Buck has launched a new digital assessment app for DB schemes trustees and company sponsors. This application will give access to a range of information on how a...
Aon has published an interactive guide for pension schemes and trustees, examining the various defined benefit consolidation options. The paper Defined Benefit Consolidation: what are your opportunities? looks at the various commercial...
The income gap between the wealthiest and poorest pension is growing, with those in the top pension income band now having an average weekly income of almost £1,000. The latest government figures...
Radical change, at least within the financial services sector, tends to happen slowly, and is often the response to external pressure being applied elsewhere. This is particularly true when it comes to the...
Pension freedoms could lead to another major financial scandal, thanks to a dearth of advice on retirement options, coupled with a lack of innovation from the pensions industry. This was the conclusion...
