UK - There is "no room for error" in DC administration, DC Solutions head of business development Ian Buchan claims.
He likened the operation of DC schemes with building society accounts.
He said: “There is a common misconception that DC administration is simple, but the amount of people relying on DC scheme administration – ranging from finance directors to trustees – means it has a diversity of requirements.”
A suite of liability driven investment (LDI) indices has been launched by STOXX and RiskFirst to aid trustees and consultants select, monitor and challenge managers.
British Airways and the trustees of one of its pension schemes are set to argue over the purpose of a pension scheme, leading to an impactful judgment for DB pensions. James Phillips explores the issue
Bank of England governor Mark Carney has said there is still a lot of data to consider before the Monetary Policy Committee (MPC) can decide when to next hike interest rates.
Savers are not squandering their tax-free lump sums under Freedom and Choice but are taking a more cautious approach to retirement, according to Prudential research.