Abolishing contracting out for final salary schemes could eventually lead to a higher universal state pension, an analyst says.
The Department for Work and Pensions is considering scrapping contracting out for final salary schemes. Hargreaves Lansdown pensions analyst Laith Khalaf said the move would simplify the pension system...
The Co-operative Group's Somerfield Pension Scheme has completed a buy-in with Pension Insurance Corporation (PIC), insuring the benefits of its pensioner members.
Caroline Rookes CBE and Michele Hirons-Wood have joined The Pension Superfund's board of trustees to focus on maintaining governance standards and safeguarding member benefits.
The first specialist independent firm advising pension schemes on bulk annuities or moving to a consolidator has been set up with ambitions to shake up the market.