Industry

Frank Field MP has said the £12.6bn deficit at the Universities Superannuation Scheme (USS) and the transfer advice individuals receive are topics which demand closer scrutiny.

It has been a busy year for pensions policy and regulation, and there is still a lot in the pipeline for 2017. PP has compiled a list of what to watch out for before Christmas.

An individual retiring in 2017 will have a pension pot just three quarters of someone retiring in 2007 immediately before the crash, according to research by Fidelity International.

The government's proposals to clamp down on pensions cold calling are still lacking in detail and it needs to be much clearer about how they will be introduced, says the industry.

UK households have not stopped saving to go on a debt-fuelled consumer spending spree, according to research from Royal London, despite official figures revealing the savings ratio is at a record-low.

This week's top stories were potential strike action at Capita over closing its DB scheme, and Unite members narrowly rejecting Royal Mail plans to create cash balance scheme.

Royal Mail Pension Plan (RMPP) chief executive Chris Hogg will leave the £9.8bn defined benefit (DB) scheme and join National Grid, PP has learned.

Industry says as professionals, punishment should be given due to their level of expertise.

This week's top stories included Tom McPhail calling on occupational pension schemes to get involved in a working group attempting to reduce delays in transfers.

The Pensions and Lifetime Savings Association (PLSA) has announced the new chairs for its defined benefit (DB) and defined contribution (DC) councils, effective from October.