UK - Trustees should start preparing themselves for the introduction of statutory money purchase illustrations in April next year, Watson Wyatt says.
The consultant said trustees should also take advice on how to present the information to their members.
They should also taking into account the wording that they use for any additional illustrations that they provide, added the firm.
In this week's Pensions Buzz, we want to know if The Pensions Regulator (TPR) is taking the right approach by naming and shaming schemes which breach their auto-enrolment (AE) duties.
Raised over £167,000
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The directors of collapsed construction giant Carillion were "contemptuous" of funding their defined benefit (DB) pension schemes, and "refused to give an inch", Frank Field has alleged.