Pension transfers using the industry Options system took 11 calendar days in the second quarter of the year, latest Association of British Insurers data reveals.
The trade body's data showed said this compared to transfer times of just eight days in the first quarter, and the 31 day industry average in 2008. ABI director of life and savings Maggie Craig said:...
Trustees lack expertise, time and resources to develop effective communications on technical pensions issues and need professional help, a major review of the British Steel saga has concluded.
In this week's Pensions Buzz, we want to know if you think trustees should consult directly with members before agreeing to a DB superfund buyout.
Thousands of savers taking tax-free lump sums ahead of retirement are at risk of a pensions shortfall in later life due to neglecting their remaining pot, Zurich has warned.
Professional Pensions is looking to update its list of pensions master trusts in the UK ahead of authorisation. Can you help?