Firms are failing to give staff adequate pensions guidance, JPMorgan Invest has warned. Its survey of FTSE350 companies found fewer than one-in-20 had their own active education programme in place, while a third failed to explain the full selection of retirement options to staff.
One-in-five (21pc) continued to focus solely on annuities, which seriously limited the choices available at retirement, said the firm. The research also found firms relied heavily on passive information...
The British Medical Association (BMA) has warned chancellor Philip Hammond to reform the NHS pension scheme rules or doctors will reduce their working hours.
The lifetime allowance should be scrapped and replaced with a lower annual allowance, last week's Pensions Buzz respondents said.
Action for Children Pension Fund has outsourced its pensions administration to Trafalgar House.