The ability for DC members to take their pension as a lump sum could lead to a raft of requests from DB members to transfer. Helen Morrissey looks at the potential impact and asks how schemes should communicate with members.
Last month's Budget brought dramatic change to DC pensions and has to a large extent levelled the playing field between DB and DC. From next year DC members will be able to take their entire pension fund...
PwC, KPMG, EY and Deloitte must break up their consultancy and audit businesses into distinct firms to provide greater focus on the "most challenging and objective audits", the competition watchdog has said.
The Department for Work and Pensions (DWP) has released its first batch of guidance setting out how the guaranteed minimum pension (GMP) conversion legislation may be used to resolve unequal payments.
This week's top stories include the government spending £800,000 on a Gogglebox advert and MPs writing to The Pensions Regulator about its engagement with the Railways Pension Scheme.