Preventing schemes from offering members life-only cover will create "unwelcome complication and uncertainty", lawyers warn.
They told PP the government’s interpretation of the Institutions for Occupational Retirement Provision directive – section 255 of the Pensions Act 2004 – undermines UK schemes as it makes it much more...
The Pensions Regulator (TPR) has granted 11 master trusts extensions to apply for authorisation, as it confirms it has received 22 applications ahead of the 31 March deadline.
Aegon Master Trust, Fidelity Master Trust and Ensign have sent off their authorisation applications to The Pensions Regulator (TPR).
Self-administered pension funds spent £15bn on payments to pensioners in Q4 2018, but received just £12bn in contributions (net of refunds), Office for National Statistics (ONS) data reveals.
Aberdeen Standard Investments (ASI) and Gresham House are to team up to form a joint venture.