Senior appointment made to lead dashboard initiative
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...
DB
Hurdles to DB consolidation
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...
House of Lords calls for end to pensions triple lock
The House of Lords committee on intergenerational fairness has delivered a series of recommendations, calling for policies to support younger people in the employment and housing markets. This report also called for...
Chris Sier launches low-fee transaction cost service
Called ClearGlass, the new service is designed to make the new cost transparency regime easy for pension schemes, trustees, consultants and asset managers. The service has been established by Sier, who is...
DC pensions poised to overtake DB schemes: ONS
The number of people saving into a DC workplace pension is almost level with those holding DB pensions, according to the latest figures from the Office of National Statistics. According to ONS...
Trustees take steps to protect schemes from Brexit fallout
Almost two out of three trustees are now putting in place measures to prepare their scheme for Brexit, despite the ongoing uncertainty. This survey, by Hymans Robertson, found trustees were taking a...
New gold standard code for DB transfer advice
The Pension Advice Taskforce has launched a new voluntary code of practice for financial advisers looking to transfer DB pensions. This Gold Standard code is based around a set of nine principles,...
Brakes slammed on rising retirement incomes: DWP
The average income received by pensioners fell last year, according to figures published by the Department of Work and Pensions. Its retirement income statistics show that the average weekly income for all...
Almost half of FTSE companies to offload DB schemes: LCP
The value of defined benefit buy-outs could soar to £300bn over the next 10 years, according to a new actuarial report. The report, by Lane Clark & Peacock said that the buy-out...
Royal Mail given green light to launch CDC pension scheme
The Department of Work and Pension has approved plans for the Royal Mail to launch the UK’s first collective defined contribution (CDC) pension scheme. This confirmation was given in the DWP’s published...
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