A large part of the industry has slammed the government's announcement preventing private sector schemes the power to override scheme rules enabling a shift from RPI to CPI indexation.
Pensions minister Steve Webb announced in the House of Commons today schemes whose rules have RPI indexation ‘hard wired' would not be granted power to override them and move to potentially cheaper CPI...
The British Medical Association (BMA) has warned chancellor Philip Hammond to reform the NHS pension scheme rules or doctors will reduce their working hours.
The lifetime allowance should be scrapped and replaced with a lower annual allowance, last week's Pensions Buzz respondents said.
Action for Children Pension Fund has outsourced its pensions administration to Trafalgar House.