Failed negotiations on the terms of the UK's departure from the European Union (EU) could see globally diversified equity portfolios lose as much as 11%.
Meanwhile, a globally diversified multi-asset portfolio (60% allocation to equity and 40% to fixed income) could see as much as 7.8% lost within a year of Brexit concluding, according to analysis by MSCI....
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.