Trust-based pensions have always been seen as being better than contract and on first glance the argument does make sense.
Trust-based schemes have a board of trustees working together for the good of the members whereas in contract based schemes the responsibility rests firmly on the shoulders of the individual. You can see...
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.