The third annual Kim Gubler Consulting Actuarial Fee Survey has shown larger schemes are benefiting significantly from economies of scale.
This year's survey looked at the average fees per member to show the impact of economies of scale for differing size schemes. It found a 2,000-member scheme will pay between 2.75 and 3 times more per...
Record lows in gilt yields have pushed up the liabilities of UK defined benefit (DB) pension schemes to an all-time high of £2.3trn following Britain's decision to leave the EU.
Schemes can do more to speed up the resolution of complaints by implementing one-step internal dispute resolution procedures according to the Pensions Ombudsman.
The Pension Protection Fund (PPF) is considering tweaking its practices and procedures for levies, including improving its Experian model.
The Pensions Ombudsman Anthony Arter has confirmed he will defend against appeals if he believes it is in the public interest.