The government has gold-plated the existing defined benefit generation at the expense of better provision for all, delegates heard.
Linklaters partner Rosalind Knowles said many pensions schemes had hoped to benefit from new deregulation rules – but noted it had largely been a “missed opportunity”. Knowles said pensions reform minister...
This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point