The latest Pensions Bill has failed to address differences between contribution refunds in trust-based and contract-based schemes, providers say.
Existing regulations allow workers with trust-based schemes who leave employment early to have their contributions refunded, while contract-based schemes do not. Trust-based schemes also receive favourable...
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.