Demand for qualified pension managers is increasing even though final salary schemes continue to close, the Pensions Management Institute says.
And it notes that companies which have not previously employed their own pensions managers are now doing so to minimise consultancy costs. PMI president Penny Green said: “The complexities involved...
The British Medical Association (BMA) has warned chancellor Philip Hammond to reform the NHS pension scheme rules or doctors will reduce their working hours.
The lifetime allowance should be scrapped and replaced with a lower annual allowance, last week's Pensions Buzz respondents said.
Action for Children Pension Fund has outsourced its pensions administration to Trafalgar House.