High-earners should consider transferring out of defined benefit schemes in order to reduce the risk of their employer becoming insolvent, Aon Consulting says.
The consultant said the highest earners stood to lose up to two-thirds of their pension if their employer were to become insolvent and unable to fund the scheme - leaving many higher earners seeing benefits...
Royal London saw its new group pension business decline over the first half of 2018 as the rollout of auto-enrolment (AE) drew to a close, according to its interim results.
Now Pensions has made "huge progress" in resolving legacy administration issues - switching systems and completing unit adjustment for a "large proportion" of members, it says.
Trustees of the Airways Pension Scheme (APS) will not make a firm decision on whether to appeal the Court of Appeal's judgment on discretionary increase payments until September.
Accountant Hashmukh Shah has pleaded guilty to deliberately providing false information to The Pensions Regulator (TPR) when stating a pension scheme had been set up for staff of a London-based restaurant.