Steve Webb has said the government will not give private sector schemes the power to override scheme rules to shift from RPI to CPI indexation.
In a speech to the House of Commons today, Webb announced industry-wide consultation on the RPI to CPI switch but - contrary to industry expectations - said schemes whose rules specifically state RPI indexation...
The Pensions Regulator (TPR) has granted 11 master trusts extensions to apply for authorisation, as it confirms it has received 22 applications ahead of the 31 March deadline.
Aegon Master Trust, Fidelity Master Trust and Ensign have sent off their authorisation applications to The Pensions Regulator (TPR).
Self-administered pension funds spent £15bn on payments to pensioners in Q4 2018, but received just £12bn in contributions (net of refunds), Office for National Statistics (ONS) data reveals.
Aberdeen Standard Investments (ASI) and Gresham House are to team up to form a joint venture.