Five stories you may have missed this week
This week's top stories included NEST applying to the regulator for authorisation, while Welplan announced plans to drop out of the master trust market.
Also, JLT Employee Benefits said 95% of its clients now account for guaranteed minimum pension equalisation when quoting for transfer values. 1) NEST applies for master trust authorisation as applications...
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PPF braces for uncertain Covid scheme inflows
The onset of the pandemic dented asset valuations but it will take time to understand the true cost for defined benefit (DB) schemes.
Around 240,000 pension savers may have lost more than £14bn to fraud
More than 240,600 savers have lost an estimated £14.6bn of pension savings to fraudsters, but a further £2.5trn remains potentially accessible to criminals, The People’s Pension (TPP) says.
CMI: Second wave excess deaths hit 5,000
Another week-on-week increase in the number of deaths with Covid-19 mentioned on the death certificate has brought total excess deaths since the beginning of the second wave to 5,000.
Smart launches retirement product
Smart has launched a retirement product in a bid to help guide members and bridge the advice gap.
