Defined benefit schemes have become an endangered species in the private sector in recent years. But now, it seems, there is a chance the unthinkable might be about to happen and firms could start to reopen their final salary plans to new members.
Pension deficits have been tumbling due to interest rates rises, buoyant equity markets and prudent funding by sponsors with shortfalls at Britain’s biggest firms now standing at around £31bn – their lowest...
Proposed changes to The Pensions Regulator's (TPR) notifiable events framework so it can be more proactive when corporates make changes will create a very challenging workload, it has been said.
Aviva has created a new pension skill for Amazon Alexa that allows customers to find out how much they have saved towards their retirement.
PP has compiled a list of what to watch out for over the coming months.
The proposed cold-calling ban may be ineffective if a collaborative regulatory approach between the UK and the European Union (EU) is not maintained post-Brexit, the Pensions Management Institute (PMI) has warned.