The government must amend existing pension legislation to ensure the majority of schemes are able to legally shift indexation from RPI to CPI, Aon says.
A survey from the consultant showed three out of five defined benefit schemes cannot simply switch because of strict scheme rules. The poll of 80 funds, showed 58% were required by their rules to increase...
This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point