MEMBERS of defined contribution schemes face severe erosion of purchasing power because of high inflation, Aon Consulting warns.
Benefit solutions division principal Helen Dowsey said present individuals faced losing around one fifth of the purchasing power of their pension over the next five years – and potentially more if inflation...
This week's edition of Professional Pensions is out now.
The government is in talks with the UK and Irish pensions regulators over how to protect members of cross-border schemes in the event of a no-deal Brexit.
The equalisation of guaranteed minimum pensions (GMPs) is at least two years away from being completed, and could take longer than four years for some schemes, a poll has found.
The Pensions Regulator will consider if schemes should be required to have professional trustees and assess the case for greater regulation of administrators and system providers, PP can reveal.