Schemes have increased life expectancy assumptions used for funding valuations by 11 months in reaction to regulatory pressure, Mercer says.
The consultant's valuations survey said the median life span assumed for active and deferred members is expected to be 89 years and one month. Valuations a year ago used 88 years and two months. The...
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.