UK - Two voluntary groups dedicated to raising the standard of pension schemes have announced they are to join together to maximise their impact and effectiveness.
John Reeve, chairman, RSPA, said: "[We] have very similar aims but so far we have engaged different audiences. By working together we can make sure that our efforts reach the biggest possible audience and we make the biggest possible improvement across the industry."
The RSTE is currently working on projects to improve communication between trustees and advisers, improving trustee training and making information freely available online.
It recently launched an industry-wide survey to create a benchmark view of scheme members' experiences of administration service providers.
The Pensions and Lifetime Savings Association (PLSA) is in the process of convening an industry-wide group to take forward the work of the Institutional Disclosure Working Group (IDWG).
The Transfers and Re-registration Industry Group (TRIG) has given its support to an initiative which aims to complete occupational pension transfers within three weeks.
Scottish Widows has completed a bulk annuity deal for the Hitachi UK Limited Pension Scheme.