Trustees should not carry out their own covenant assessments instead of paying external advisers for the service, managers believe.
An exclusive survey by Professional Pensions shows that 57pc of scheme managers believe trustees do not have the competence or resources to carry out the task. However 36pc of PP’s panel of 100 top...
UK inflation unexpectedly rose to 2.7% in August, beating analysts' expectations of a drop to 2.4% from 2.5% the previous month.
The Pensions Advisory Service (TPAS) helped 187,000 people in 2017/18, a 9% fall on the previous year despite setting up special helplines for specific scheme members.
The Liberal Democrat party has passed a motion pledging to cap tax-free lump sums under Freedom of Choice at £40,000 if elected into government.