More than a third (36%) of employers have seen staff enquiring about transferring from a defined benefit (DB) to a defined contribution (DC) pension scheme since April, research finds.
The research, conducted by Close Brothers Asset Management (CBAM), looked at the impact of additional DC flexibilities introduced last year on DB schemes. Half (50%) of the 900 employers surveyed said...
Some £20.1bn of defined benefit (DB) pensions were advised to transfer between 2018 and 2020, while £10.2bn were recommended not to transfer, Financial Conduct Authority (FCA) data reveals.
Online provider Pension Bee has created a flexible pension for self-employed savers, allowing them to make contributions according to their income.
Pension trustees will have much more involvement in business discussions and corporates will need to think more about pensions when the watchdog’s increased powers come into force, LCP says.
The Pensions Regulator’s (TPR) long-term funding approach will put extra financial pressure on UK pension scheme sponsors, according to Aon.
Mediation has been under-utilised historically as a means of dispute resolution in this area. Mark Blyth and Geoff Egerton think this is going to change.