An industry initiative to raise awareness of the open market option and decumulation choices has been formally named as the Pensions Income Choice Association.
The group - which has also announced that Aegon has joined its membership - which also includes LV=, MGM Advantage, Living Time, and Partnership. PICA was launched in July and is currently building...
A buyout tool which provides schemes with up-to-date pricing and comparisons between insurers has been launched by JLT Employee Benefits.
The DB white paper sets out plans to review the funding regime, with 'prudent' and 'appropriate' possibly redefined. But James Phillips asks if this could this signal a return to an MFR-like approach?
The trustees of GKN's pension schemes have agreed a package of mitigation measures that would improve funding to a "more prudent level" if Melrose's offer is accepted by shareholders next week.
While the new powers are welcome, most respondents doubt it will make a difference to the outcomes for members, Pensions Buzz respondents say.