The government will proceed with legislation to implement collective defined contribution (CDC) schemes and aims to formally respond to the consultation in a matter of weeks, Guy Opperman has confirmed.
The minister for pensions and financial inclusion's comments come just weeks after the consultation, which explored how to deliver CDC, closed to responses. Royal Mail's plans to introduce a CDC scheme...
'Headaches' ahead for DC illiquid investment over 'fiendish complexities' of performance fees despite charge cap inclusion
The Pensions and Lifetime Savings Association (PLSA) has welcomed plans to incorporate performance fees in the charge cap, but the Association of Consulting Actuaries (ACA) warned performance fees are “not the only headache” for defined contribution (DC)...
Geoff Egerton looks at how the criminal sanctions regime will impact the pensions industry
Government proposals to employ a charge cap smoothing mechanism in a bid to incentivise defined contribution (DC) pension scheme investment in illiquid assets could have the opposite effect, says the Society of Pension Professionals (SPP).
Three people have appeared in court in connection with an investigation into pension fraud totalling nearly £14m.
Around 12,000 PensionBee users have registered for shares in the company after it confirmed its initial public offering (IPO) would comprise an offer to both institutional investors and eligible customers.