Burden of DB 'throttling' investment in younger generation's retirement
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...
More on Defined Benefit
Recovery end plan dates lengthened by just one third of DB schemes
Only one third of defined benefit (DB) schemes lengthened their recovery plan end dates in 2019, according to research by Hymans Robertson.
Hargreaves Lansdown remains slowest on pension transfers
Hargreaves Lansdown has been named as the slowest provider to switch pensions through the Origo transfer service.
Regulator's gateway guidance could set 'too high a hurdle' for superfunds
Regulatory guidance “could set too high a hurdle” for superfunds, Lane Clark and Peacock (LCP) warns.
UPDATED: DWP to mandate use of simpler annual statements for auto-enrolment DC schemes
The Department for Work and Pensions is to make it mandatory for auto-enrolment defined contribution (DC) schemes to use simpler annual statements.
TPR: Just 4% of schemes have agreed DRC deferrals
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).
