UK - Scottish Life has introduced online switching to its Retirement Solutions range of group pensions.
The new function enables trustees, members and IFAs to switch existing funds and redirect future payments online. It also enables users to invest additional voluntary contributions separately from the main fund and view outstanding requests.
This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point