Proposition allows members to convert their pots into inflation-linked income for life
Rise in bond yields caused DB schemes’ asset and liability values to fall
Fears regulators will use asset allocation test to decide whether or not to approve a MSDA
PP summarises yesterday’s key government pension announcements
Torsten Bell talks about the government’s package of pension reform
Government confirms retrospective actuarial confirmation of benefit changes
Torsten Bell spells out ‘shared direction’ of reform and pledges to ‘complete the job’ started by Turner
Improvements aim to fundamentally improve how savers engage with and access their pensions
Areas covered include run-on, superfunds and insurance options
2026 code reduces reporting burden and includes principles for investment consultants