Government has compounded the misery for final salary schemes by reducing the contracted-out rebate level, industry figures say.
The National Association of Pension Funds said the move - announced yesterday by the Department for Work and Pensions - represented a "stealth tax" on final salary scheme members and a further squeeze...
A "substantial" parliamentary bill acting as a "roadmap" for the long-term future of private pensions will lead to a "significant period of calm", Guy Opperman has promised.
The Department for Work and Pensions (DWP) has completed its appointment process for the Single Financial Guidance Body's (SFGB) board, naming three non-executive directors.
Pensions and financial inclusion minister Guy Opperman has launched a simplified two-page annual statement in a bid to provide a best practice template for the industry.
Some 70% of defined contribution (DC) members want to know their scheme is personalised and tailored to their needs, an Invesco language study reveals.