CONTRACT based defined contribution schemes in the FTSE100 provide excessive investment choice compared with trust based DC alternatives, a Watson Wyatt survey reveals.
The consultant's annual FTSE100 DC pension plan survey revealed two out of three contract based DC schemes offer 50 or more investment options - compared to fewer than 3% of trust based DC schemes offer...
More needs to be done to speed up DB to DC transfers but, as Jonathan Stapleton says, more also needs to be done to protect members.
The Pensions Ombudsman (TPO) took on 2,566 early resolution cases in 2018/19 after onboarding a team from The Pensions Advisory Service (TPAS), according to its annual report and accounts.
The lifeboat fund is in a good position despite reserves taking a £0.6bn hit. But the ramifications of the EU judgment on member compensation is an area of concern for CEO Oliver Morley, writes Stephanie Baxter