Introducing shared risk through a career average scheme for the public sector is the only way to achieve long-term sustainability and lasting reform, Mercer says.
The consultant urged the government to adopt a career average orientated package of reforms over alternatives such as a one-size-fits-all approach or a simple defined contribution set up, which is said...
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.