UK - The government is ignoring evidence about the effects of the Inland Revenue's proposed £1.4m lifetime pensions limit because the truth is politically unacceptable, experts claim.
Society of Pensions Consultants president Donald Duval said that if the limit increased in line with prices, it was very likely that average earnings would rise faster.
And Duval said that if this was the case far more than 5000 people – the government’s estimate – would be hit by the cap.
An unnamed London-based employer has been hit with a £350,000 fine from The Pensions Regulator (TPR) for failing to fully comply with its pension duties.
XPS Pensions has enhanced its fiduciary management selection service in order to help trustees through initial selection and mandatory re-tendering.
One in five defined benefit (DB) schemes are in The Pension Regulator's (TPR) weakest two categories, analysis by Hymans Robertson has revealed.
State Street Global Advisors (SSGA) has been selected as the first index manager for the Asset Management Exchange's (AMX) passive funds.