Employees are likely to get better investment choice under a contract-based defined contribution scheme than one run by trustees, Truestone Employee Benefits claims.
And the firm said it was time the myth that trust-based schemes offered greater paternalism was debunked. It said that trust-based schemes were much less likely to provide scheme members with enough...
The Co-operative Group's Somerfield Pension Scheme has completed a buy-in with Pension Insurance Corporation (PIC), insuring the benefits of its pensioner members.
Caroline Rookes CBE and Michele Hirons-Wood have joined The Pension Superfund's board of trustees to focus on maintaining governance standards and safeguarding member benefits.
The first specialist independent firm advising pension schemes on bulk annuities or moving to a consolidator has been set up with ambitions to shake up the market.