Members should have access to good guidance for DB transfers to limit potential issues and improve member outcomes, writes Kim Kaveh.
Greater flexibility in how retirement savings can be used is key to renew 'social contract' between generations, the Association of Consulting Actuaries (ACA) has said.
Some 88% of active defined contribution (DC) members remain in the default fund, latest Pension and Lifetime Savings Association (PLSA) research reveals.
Steve Webb says a Resolution Foundation report offers a surprisingly positive outlook for incomes of future pensioners, but warns we are not out of the woods yet
Over a third (37%) of 50- to 75-year-olds are unsure when and how to access their pension, Old Mutual Wealth and YouGov research reveals.
The Hymans Robertson Staff Pension Plan's governance committee has taken various steps this year to improve member experience, writes Michael Klimes
British Airways is set to close the New Airways Pension Scheme to future accrual and launch a flexible benefits scheme incorporating a new defined contribution pension scheme.
Defined contribution (DC) savers face lower costs and charges after providers made a concerted effort to reduce these to less than 1% over the past two years.
Just one in five (20%) millennials say saving to secure a desired retirement lifestyle is a top savings priority, according to a Pension and Lifetime Savings Association (PLSA) study.
Fewer than half (44%) of employers oppose increases in minimum automatic enrollment (AE) contributions above 8%, according to an Association of Consulting Actuaries (ACA) study.