Retirement income is set to fall dramatically and the industry must work to develop a new breed of annuity products to help retirees cope, MGM Advantage warns.
The retirement income specialist said the conventional annuity will become less attractive and increasingly redundant for many people in retirement. It estimated that £135bn of pension funds will mature...
The Pension Protection Fund (PPF) is consulting on proposals to charge a "risk reflective" levy for commercial defined benefit (DB) consolidation vehicles.
The funding gap across FTSE 350 schemes could be slashed by as much as £275bn if schemes look beyond traditional ways of creating value. Victoria Ticha examines how
There will be "many flavours" of defined benefit (DB) consolidators but consolidation will only be the right answer for a minority of schemes, Alan Rubenstein says.
Work and Pensions Committee (WPC) chairman Frank Field has questioned the regulator on what lessons it can learn from the experience of the Kodak Pension Plan No.2 (KPP2).