ABOLISHING defined contribution contracting out will leave up to six years of "residual" work, Paymaster says.
In response to the government’s consultation on abolishing contracting out – which closed on October 13 – the administration firm said that it was in favour of scrapping DC contracting out in the future....
The top stories this week were the High Court's decision to block the £12bn annuity transfer from Prudential to Rothesay Life, and a separate court ruling that 'raises the bar' for pension rectification exercises.
Guaranteed minimum pension (GMP) equalisation has soared to the top of pension schemes' to-do lists, with 58% stating it is a priority project, research from Equiniti has revealed.
Professional Pensions is holding its defined contribution (DC) conference on 4 September.