The government is encouraging schemes to invest in illiquid assets with higher performance fees. Kim Kaveh asks if this is a good idea.
Illiquid assets rarely feature in the default strategies of defined contribution (DC) schemes. The 0.75% charge cap and daily dealing requirements on many DC platforms being the main hurdles. The Department...
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