Ministers must introduce new risk-sharing legislation to encourage the growth of good workplace pension schemes, actuaries claim.
Ministers are likely to face a huge problem of firms levelling down pension contributions when the government's personal accounts are introduced, the Saver Summit heard.
THE TOP 100 UK civil servants have an average pension pot of £963,500, research shows.
Decisions on whether branded providers should run personal accounts will be up to a new delivery authority, work and pensions secretary John Hutton said.
TRUSTEES must now abide by The Pensions Regulator's codes of practice governing the nomination and selection of member-nominated trustees and scheme internal controls.
MAN INVESTMENTS has launched an inflation-linked guaranteed investment structure to help schemes eradicate liabilities and protect them from downside risk.
ANNUITY providers should have more freedom over how they invest their funds to give customers better rates, a consultant says.
GOVERNMENT moves to speed up wind-ups will have little impact until schemes know the effects of the landmark Dubery ruling, actuaries warn.
Schemes buyouts are unlikely to become a major part of the pensions landscape because they are too expensive, delegates were told.
Firms are being offered impartial advice on how to manage pension liabilities by the Chartered Institute of Management Accountants.