Pensioners should be able to switch their annuity contract in a similar way to switching mortgages, Steve Webb has said.
The pension minster told the Sunday Telegraph that annuities, which cannot be altered after the point of purchase, should be far more flexible. Webb said: "When you take out a mortgage, in a few years...
The latest virtual event in PP’s DeskFlix series takes place on 7 July
Newton Investment Management's Lloyd McAllister looks at how an active approach could help DC schemes to tackle climate change
The economic uncertainty generated by Covid-19 is likely to cause a large number of defined contribution (DC) schemes to move into master trusts, according to PP readers.
Red tape preventing pension schemes from managing the barriers around GMP equalisation is leading to many combining conversion with pension increase exercises (PIE), Aon says.
The Financial Conduct Authority (FCA) will bring forward proposals designed to promote value for money for workplace pension schemes members, a consultation paper says.