UK - Black holes in pension schemes have forced the Confederation of British Industry to scale back its forecasts for economic growth.
CBI chief economic adviser Ian McCafferty said levels of investment were “worryingly weak”.
He said: “Corporate investment – on which so much of this recovery depends – will continue to be constrained by weak global demand, excess capacity, low returns and increased cost burdens such as pensions provision.”
Proposed changes to The Pensions Regulator's (TPR) notifiable events framework so it can be more proactive when corporates make changes will create a very challenging workload, it has been said.
Aviva has created a new pension skill for Amazon Alexa that allows customers to find out how much they have saved towards their retirement.
PP has compiled a list of what to watch out for over the coming months.
The proposed cold-calling ban may be ineffective if a collaborative regulatory approach between the UK and the European Union (EU) is not maintained post-Brexit, the Pensions Management Institute (PMI) has warned.