UK - A comprehensive survey of the UK occupational pensions industry has been published by the Incomes Data Services.
Pension Schemes and their Benefits contains a directory of 80 pension schemes with 10 million members. It analyses their benefit structures along with an introductory 50-page study of key industry issues such as mortality, contribution rates and contracting-out.
The directory includes 60 defined benefit schemes (19 of which are closed to new members), 19 defined contribution schemes and one group personal pensions plan.
It also includes details on each scheme’s death in service benefits, dependants’ benefits, policies on early retirement and maternity leave, accrual rates, normal retirement age, administrators and a breakdown of member-nominated and employer-appointed trustees.
The report is priced £175 and is available by calling 020 7250 3434 or via www.incomesdata.co.uk
The government is in talks with the UK and Irish pensions regulators over how to protect members of cross-border schemes in the event of a no-deal Brexit.
The equalisation of guaranteed minimum pensions (GMPs) is at least two years away from being completed, and could take longer than four years for some schemes, a poll has found.
The Pensions Regulator will consider if schemes should be required to have professional trustees and assess the case for greater regulation of administrators and system providers, PP can reveal.
UK inflation fell from 2.3% to 2.1% in December, approaching its lowest rate for two years, according to the Office for National Statistics (ONS).