FUNDING increases to the Financial Assistance Scheme set out in the Pensions Bill are "so mean as to be morally indefensible," the Conservatives have said.
Speaking during the second reading of the bill in the House of Lords yesterday afternoon, Tory peer Lord Skelmersdale said the government should alter the Bill to increase payments to scheme wind-up victims...
This week's top stories include ITS' management buyout from Mercer, and The Pensions Regulator launching a probe into single-employer defined contribution schemes' default funds.
People retiring in the UK will on average outlive their pension savings by 10 years, according to research by the World Economic Forum (WEF).
Steps to improve auto-enrolment are uncontroversial and obvious, but the government is dawdling on introducing the necessary changes, argues Jack Jones.
Professional trustees will be expected to apply for accreditation as part of a framework intended to be launched on 1 July by the Professional Trustee Standards Working Group (PTSWG).