The shift to money-purchase schemes is cutting pension costs back to levels firms envisaged 30-40 years ago, former Pensions Commission chairman Lord Turner says.
He told delegates that if private companies “had known what they were doing, they would never have voluntarily entered into a pension provision with the degree of risk and the degree of generosity that...
Jonathan Stapleton asks whether newly-accredited professional trustees should be a statutory fixture on pension scheme boards.
Savers are being warned by the Insolvency Service to guard their pension pots from investment scammers and negligent trustees as it winds up 24 companies.
Respondents say they should only be required in certain situations as the system is not broken.