PACKAGING manufacturer Nampak has replaced its trust-based defined contribution scheme with a group stakeholder pension plan because concerns over the growing number of regulations facing trustees.
The company said it decided against a trust-based money purchase scheme partly due to concerns about the onerous regulatory regime facing trustees and the associated cost of occupational schemes. The...
The secretary of state for work and pensions has told MPs clawback and avoidance measures could be imposed for the people responsible for driving Carillion over the cliff.
Occupational pension provision has continued to grow in value, but there remains large variance in incomes across the pensioner age group, according to latest government data.
Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.