An innovative package that will enable defined contribution members to hedge the risk of falling annuity rates is being developed by structured product specialist Nvesta.
Business development director Anthony Green said a 60-year-old with a £100,000 pension pot would need almost twice as much to buy the same income stream if annuity rates halved in the five years to retirement....
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers