Employers must formalise their flexible retirement policies ahead of the abolition of the default retirement age or risk breaching age discrimination laws, JLT Benefit Solutions warns.
The consultant said client research revealed the majority of sponsors and schemes remain unprepared for the consequences of the DRA removal, set for April 2011. JLT Benefit Solutions head of technical...
More needs to be done to speed up DB to DC transfers but, as Jonathan Stapleton says, more also needs to be done to protect members.
The Pensions Ombudsman (TPO) took on 2,566 early resolution cases in 2018/19 after onboarding a team from The Pensions Advisory Service (TPAS), according to its annual report and accounts.
The lifeboat fund is in a good position despite reserves taking a £0.6bn hit. But the ramifications of the EU judgment on member compensation is an area of concern for CEO Oliver Morley, writes Stephanie Baxter