The Pensions Regulator will use its powers "aggressively" against schemes which knowingly take on risks in excess of the sponsor covenant, Bill Galvin warns.
In his keynote speech to the CBI Pensions Conference, the regulator’s acting chief executive told delegates low security schemes – those whose covenant is insufficient to justify the risks being taken...
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.