Dwindling defined benefit pension provision will be further hit if additional layers of actuarial scrutiny are introduced, Buck Consultants says.
Buck was responding to consultation on Monitoring and Scrutiny of Actuarial Work from the Professional Oversight Board and Promoting Actuarial Quality from the Financial Reporting Council. It noted that,...
Scottish Widows has completed a bulk annuity deal for the Hitachi UK Limited Pension Scheme.
The lifetime allowance will rise to £1,054,800 from April next year as the Office for National Statistics (ONS) recorded inflation at 2.4% in the year to September.
The national procurement frameworks for the Local Government Pension Scheme (LGPS) has been expanded to include member data services.