A FURTHER 3pc of private sector defined benefit pension schemes closed to new members in the past year, latest National Association of Pension Funds research reveals.
The trade body’s annual pensions survey showed 28pc of DB schemes, with a total of more than two million members, remained open to new entrants – compared to 31pc in 2007 and 33pc in 2006. And the survey...
The Pensions and Lifetime Savings Association (PLSA) is in the process of convening an industry-wide group to take forward the work of the Institutional Disclosure Working Group (IDWG).
The Transfers and Re-registration Industry Group (TRIG) has given its support to an initiative which aims to complete occupational pension transfers within three weeks.
Scottish Widows has completed a bulk annuity deal for the Hitachi UK Limited Pension Scheme.