An increasing move towards income drawdown could reduce the number of bonds needed in the future by half, AllianceBernstein says.
Head of research and design UK defined contribution David Hutchins (pictured) said in five years' time as much as half of DC assets could be going into income drawdown. At present this figure is 20%...
PwC, KPMG, EY and Deloitte must break up their consultancy and audit businesses into distinct firms to provide greater focus on the "most challenging and objective audits", the competition watchdog has said.
The Department for Work and Pensions (DWP) has released its first batch of guidance setting out how the guaranteed minimum pension (GMP) conversion legislation may be used to resolve unequal payments.
This week's top stories include the government spending £800,000 on a Gogglebox advert and MPs writing to The Pensions Regulator about its engagement with the Railways Pension Scheme.