UK pensions look good in theory but the system could turn out to be alarmingly fragile. Michael Klimes finds out why
At a glance UK pensions have seen major changes in auto-enrolment and freedom and choice Optimistic assumptions mean the system looks sustainable in theory These successes could be derailed...
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