THE GOVERNMENT is refusing to amend new regulations that hold administrators liable if members breach the £1.5m lifetime allowance.
Prior to April’s tax simplification changes, administrators were only required to carry out a “rough check” on a member’s retained benefits. Now, they must account for any changes and contact HM Revenue...
The Pensions and Lifetime Savings Association (PLSA) has announced it will shrink its board by more than one-third as part of a governance overhaul to make it "agile and more appropriate".
Smaller FTSE 350 defined benefit (DB) schemes were nearly 15 percentage points less well-funded than larger schemes in 2017, according to a Goldman Sachs Asset Management (GSAM) analysis.
The advent of collective pension systems could help the UK avoid demographic challenges which will make it "impossible" for society to help savers in retirement, experts say.