The shake-up of the pensions industry will lead to consolidation and restructuring of life companies, finds Rebecca Shahoud
At a glance Smaller DC schemes could get swallowed up by larger ones This would leave five to seven large life companies dominating the industry DC providers need to start thinking about new lines...
More needs to be done to speed up DB to DC transfers but, as Jonathan Stapleton says, more also needs to be done to protect members.
The Pensions Ombudsman (TPO) took on 2,566 early resolution cases in 2018/19 after onboarding a team from The Pensions Advisory Service (TPAS), according to its annual report and accounts.
The lifeboat fund is in a good position despite reserves taking a £0.6bn hit. But the ramifications of the EU judgment on member compensation is an area of concern for CEO Oliver Morley, writes Stephanie Baxter