THE COST of buying out pension liabilities has reduced significantly over the last 18 months, Paternoster claims.
The insurance firm’s chief executive Mark Wood told delegates that the cost to buy-out pensioners has reduced by 6.5pc while the cost to buy-out deferred members has reduced by more than 11pc. Wood...
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.