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...
Three out of four advisers say the defined benefit advice market is not working effectively or efficiently, with consumer demand for advice far outstripping current market supply. The survey, by Aegon, found...
The Financial Conduct Authority has announced it will take further action after finding a “concerning” number of advisers recommending transfers out of defined benefit pension schemes. In some cases it said firms...
The Pensions and Lifetime Savings Association (PLSA) has published a new guide for trustees to ensure schemes comply with new environmental, social and governance (ESG) requirements coming into force at the start of...
Recent retirees have incomes that are now 20 per cent higher than older pensioners, according to new government data. Aegon has analysed the Pensioners’ Income Series, published annually by the Department of...
The Money and Pensions Service has announced that Chris Curry will take up the role as principal of the Pensions Dashboard Industry Delivery Group from July 8th. Curry is currently a director...
The DB market is seeing significantly increased scrutiny from the Pensions Regulator, with a clear desire for consolidation of smaller schemes. But will the market actually see significant consolidation? The two large consolidation...
