Buzz has declared the concept of pension simplification dead. Many contributors questioned whether it had ever been alive while others suggested it had been nailed to the perch for some time.
“Dead, buried and with the government dancing on its grave,” was the verdict of one respondent. Another said that the industry had been going downhill since the Finance Act 2004 which was “the best...
Partner Insight: Members' evolving needs and expectations are driving changes in scheme administration. As the pensions landscape inevitably continues to change, how will your scheme's approach need to develop to keep pace?
The Pensions Regulator (TPR) is "working closely" with government contractor Interserve and the trustees of its defined benefit (DB) pension schemes, it has confirmed.
The industry has welcomed the Department for Work and Pensions' (DWP) consultation on defined benefit (DB) consolidation as a way to address scheme covenant issues.
BMO Global Asset Management has opened a UK fiduciary management business, promising a "truly open architecture" approach to deliver "better client outcomes".