The consequences of auto-enrolment and the implementation of the Retail Distribution Review will significantly increase the workloads of pension professionals, a survey suggests.
Data from the Pensions Management Institute found 50% of respondents thought auto-enrolment would change the nature of their work and that 70% would need assistance to cope with upcoming implementation...
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