Defined contribution funds could face costly changes to comply with new age discrimination laws, Aon Consulting warns.
It said schemes would be hit if they did not allow members to set their own target retirement age under lifestyle investment options. Aon said its research found that although 90pc of DC schemes offered...
This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point