UK - More than half of schemes have reviewed their benefit structures because of changes outlined in the Finance Bill, a survey shows.
Law firm Pinsents says 55% of its 140 clients recognised the need for a review “well before April 2006 when tax simplification takes effect”.
This week's top stories include ITS' management buyout from Mercer, and The Pensions Regulator launching a probe into single-employer defined contribution schemes' default funds.
People retiring in the UK will on average outlive their pension savings by 10 years, according to research by the World Economic Forum (WEF).
Steps to improve auto-enrolment are uncontroversial and obvious, but the government is dawdling on introducing the necessary changes, argues Jack Jones.
Professional trustees will be expected to apply for accreditation as part of a framework intended to be launched on 1 July by the Professional Trustee Standards Working Group (PTSWG).