UK - A guide on record-keeping for trustees of insured occupational pension schemes has been published by OPRA.
The guide explains what records trustees must keep to comply with the 1995 Pensions Act. It also covers trustees’ responsibilities to maintain financial, member, trustee meeting and wind-up records.
OPRA has also published an updated version of its guide on appointing financial advisers.
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.