Young workers' pension funds are being sacrificed so private companies can afford to pay "over-generous" pensions for older members, according to the Intergenerational Foundation (IF).
Its latest report said there is a £22,400 gap between annual contributions to defined benefit (DB) DB and defined contribution (DC) schemes, with the average DB scheme paying out £23,600 a year while a...
Only one third of defined benefit (DB) schemes lengthened their recovery plan end dates in 2019, according to research by Hymans Robertson.
Hargreaves Lansdown has been named as the slowest provider to switch pensions through the Origo transfer service.
Regulatory guidance “could set too high a hurdle” for superfunds, Lane Clark and Peacock (LCP) warns.
The Department for Work and Pensions is to make it mandatory for auto-enrolment defined contribution (DC) schemes to use simpler annual statements.
Around one in 25 pension schemes have made use of regulatory easements to deficit recovery contribution (DRC) payment schedules, according to The Pensions Regulator (TPR).