Public sector pensions are "Madoff-style pyramids" which should switch wholly to a defined contribution framework to mirror the private sector, a radical report says.
In a 106-page report for the Centre for Policy Studies, research fellow Michael Johnson said public sector pensions were collapsing under the weight of insufficient contributions, rising longevity and...
This week's top stories included the Department for Work and Pensions issuing two separate consultations on the pensions dashboard and defined benefit consolidation.
A regime similar to that for defined contribution (DC) master trusts will be set up for regulating defined benefit (DB) consolidators under plans announced today.
Defined benefit (DB) superfunds that wish to enter the market must talk to The Pensions Regulator (TPR) about their plans before opening for business.