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...
A fifth of contract-based pension schemes expect to move to a master trust by 2025, along with a third of trust-based plans.
Auto-enrolment reforms have transformed the UK’s pension system. Nick Reeve looks at latest research examining the lessons to be learned from the process.
Cross-border pensions and savings vehicles are growing in popularity among multi-national companies, according to research by Willis Towers Watson (WTW).
Thinking Ahead Institute research shows that DC funds have more assets than DB across the world’s biggest markets.
We must take urgent action to drive up member understanding of their pensions, or risk a generation of ill remunerated retirees, says Karen Bolan.