Last week, I bemoaned that, while successive governments had regulated defined benefit schemes out of existence, there had never been an investigation into how all this regulation came about and how such mistakes could be avoided in the future.
This week, and, I am sure, completely unrelated to my comment, Conservative work and pensions spokeswoman Theresa May began to look at what went wrong and how we can learn from past mistakes. She said...
“Mounting red flags of financial stress” have meant almost two-thirds of listed companies with defined benefit (DB) schemes have issued profit warnings this year, EY says.
Savers accessing defined contribution (DC) pension pots for the first time rose to an all-time high just before the coronavirus pandemic, Just Group says.
With rumours once again swirling around the future of pensions tax relief in the run up to this year's Budget, any reduced incentive for long-term savers could risk further exacerbating the generational divide in pensions, says Tom Selby
Trustees are set to have an increased duty of care to ensure employees and members make informed choices when accessing their pension, according to Wealth At Work.