NEARLY three-quarters of scheme managers believe that government proposals for a system of personal accounts will lead to a levelling down of private workplace pension provision, an exclusive survey by Professional Pensions reveals.
Some 73.1pc of PP’s panel of 100 top scheme managers said that personal accounts would lead to the demise of occupational schemes. Despite this, 19.4pc of respondents believed that personal accounts...
Kim Gubler says it is time that schemes and administrators reassess SLAs and look at what real people need from their pension schemes and when
The Pensions Regulator (TPR) is focusing on reducing the number of "poorly-run" schemes as it seeks to improve standards across the board.
Prudential Retirement has completed around $2.6bn (£2bn) of reinsurance contracts for UK pension scheme longevity risk since the start of the year, it has disclosed.
Funding standards for DB schemes have increased exponentially over the past decades. Con Keating says such significant overstatement of liabilities will lead to pushback through the courts.