Michael Klimes finds assumptions that use annuities to underpin DC projections may need to be re-examined in light of Freedom and Choice
Since April 2003 any schemes offering defined contribution (DC) benefits have been obliged to produce statutory money purchase illustrations (SMPIs) every year. These projections are a snapshot of what...
The Pensions Regulator (TPR) has banned two trustees after they lost over £15m of members' funds in unregulated investments.
Clarity over the controversial money purchase annual allowance is needed after it was removed from the Finance Bill, according to Pensions Buzz respondents.
Frank Field is pressing Sir Philip Green to publish undisclosed details about the settlement he reached with The Pensions Regulator (TPR) on British Home Stores (BHS) at the end of February.
The Department of Work and Pensions (DWP) will amend legislation to allow contracted-out benefits to be transferred into a scheme which has never been contracted-out.