The biggest stories were the long-awaited Just Retirement and Partnership merger, and revelations the government could be forced to fork out £2bn for the British Steel scheme.
Other top stories included Siemens completing a £300m buy-in, the UK watchdog cutting fund management and adviser levies, and Steve Webb warning early state pension access for women was not a solution.
1) Just Retirement and Partnership complete £15bn merger
2) FCA to cut fund manager and adviser levies
3) Webb: early state pension access for women will not solve the problem
4) Government could fork out £2bn for British Steel scheme
5) Siemens completes £300m buy-in with PIC
Nearly every trustee is confident of the next stage in their scheme’s strategy, despite almost an equal number being forced to consider replacing plans within the prior 12 months, according to research by Barnett Waddingham.
Master trusts’ investment strategies have grown and become more sophisticated over the last three years, but “growing pains” are hindering progress, according to the Defined Contribution Investment Forum (DCIF).
Companies could be overstating their pension liabilities by up to £60bn due to their life expectancy assumptions, according to XPS Pensions Group.
Defined benefit (DB) schemes that provide GMPs must revisit and, where necessary, top-up historic cash equivalent transfer values (CETVs) that have been calculated on an unequal basis, a landmark court judgment said last week.
Regulators must act now to impose some "proper regulation" to stop another defined benefit (DB) transfer advice disaster, saysTim Sargisson.