Public sector pensions are "Madoff-style pyramids" which should switch wholly to a defined contribution framework to mirror the private sector, a radical report says.
In a 106-page report for the Centre for Policy Studies, research fellow Michael Johnson said public sector pensions were collapsing under the weight of insufficient contributions, rising longevity and...
Professional Pensions asked its readers to describe the current state of the pensions industry in one word this week, eliciting a mix of predominantly gloomy adjectives.
Pension schemes are increasingly seeking to provide additional support to members at retirement through online modellers and regulated financial advice, Aon says.
This week’s top stories included more details of PensionBee’s initial public offering and Just Group’s criticism of the effects of freezing the money purchase annual allowance.
ITM has acquired the products and assets of Profund Solutions from Mercer.