A-DAY changes have brought uncertainty for business whereas they could have done much to boost confidence in pensions.
Although the new pension regime has been in force for over a month, we still await the final details. This void of information creates massive uncertainty for the pensions industry – not to mention businesses...
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.