DC schemes need to drive down costs to fit within the charge cap. Yet scrimping on administration can put members at risk, finds Stephanie Baxter.
At a glance Schemes face higher costs due to increased governance and communications requirements post-Budget Squeezing administration costs could increase the risk of things going wrong ...
The Co-operative Group's Somerfield Pension Scheme has completed a buy-in with Pension Insurance Corporation (PIC), insuring the benefits of its pensioner members.
Caroline Rookes CBE and Michele Hirons-Wood have joined The Pension Superfund's board of trustees to focus on maintaining governance standards and safeguarding member benefits.
The first specialist independent firm advising pension schemes on bulk annuities or moving to a consolidator has been set up with ambitions to shake up the market.