Industry

DWP should allow ‘freedom and choice’ for small DB pots, Natasha Browne says

Gordon Brown is set to announce plans that would ensure Scotland gains the power to increase the state pension and other benefits above the UK threshold.

The government's free Pension Tracing Service (PTS) will triple its staff number to 49 after experiencing an upsurge in demand last year.

The Pensions Management Institute (PMI) has decided it will not merge with the National Association of Pension Funds (NAPF) in order to retain its independence.

There are just over 1.3 million people out of the UK's workforce of 30 million actively contributing to a defined benefit (DB) pension scheme, according to research.

The Financial Conduct Authorities' (FCA) attempts to prevent mis-selling after ‘freedom and choice' policies kick in this April have been trashed by respondents to PP's weekly survey.

The Pensions Ombudsman (PO) believes complaint procedures are so complex they deter many from making complaints.

The government has abandoned the requirement for defined benefit (DB) members to take regulated advice before transferring a small pot into a defined contribution (DC) scheme.

Sainsbury's head of pensions John Lovell has been appointed to the newly-created role of group pensions director at Coats from March.

Schemes and providers must consider having a default option for the decumulation stage, according to industry participants at a National Association of Pension Funds (NAPF) seminar.