UK - Hewitt Bacon & Woodrow is urging the government to exclude money purchase schemes from any prescription arising out of the Myners Report.
Hewitt investment adviser Anthony Ashton believes ministers – particularly those at the Treasury – are far more interested in changing the behaviour of large DB schemes, than small DB or DC schemes.
“Small DB schemes or DC schemes just do not have large pools of assets and the government should not be foisting on them a significant compliance burden when these schemes have little resources.”
The FCA and TPR have announced their joint strategy for tackling the key risks facing pensions in the next decade. Victoria Ticha explores the plan and the industry's initial reaction.
GKN has slammed Melrose for making 'misleading' comments relating to the engineering giant's two UK defined benefit (DB) schemes.
UK inflation fell to 2.7% in February 2018 from 3% a month earlier, the Office for National Statistics (ONS) has confirmed, a larger decline than analysts expected.
In the latest in a monthly series of DC columns from Newton Investment Management, Curt Custard warns investors of the possibility of further volatility in the months ahead