Self-invested personal pension plan holders are losing out because few providers offer a decent rate on cash, Investec claims.
Head of private banking and treasury Linda McBain said cash tended to be overshadowed as an asset class by equities and bonds. McBain said: “If people choose to stay in cash then it is important they...
The Pensions and Lifetime Savings Association (PLSA) is in the process of convening an industry-wide group to take forward the work of the Institutional Disclosure Working Group (IDWG).
The Transfers and Re-registration Industry Group (TRIG) has given its support to an initiative which aims to complete occupational pension transfers within three weeks.
Scottish Widows has completed a bulk annuity deal for the Hitachi UK Limited Pension Scheme.