UK - The gap between the richest and poorest pensioners has widened "significantly" since New Labour came to power, according to shadow minister for work and pensions, Oliver Heald MP.
He said: “Tony Blair’s failure to appoint a minister for pensions since Ian McCartney was made Labour chairman more than six weeks ago shows that Britain’s pensioners come a poor second to internal party matters under Labour.”
The Pensions and Lifetime Savings Association (PLSA) is in the process of convening an industry-wide group to take forward the work of the Institutional Disclosure Working Group (IDWG).
The Transfers and Re-registration Industry Group (TRIG) has given its support to an initiative which aims to complete occupational pension transfers within three weeks.
Scottish Widows has completed a bulk annuity deal for the Hitachi UK Limited Pension Scheme.