Pension funds could face thousands of pounds in administration costs due to new laws designed to take the sting out pension tax saving changes, PwC warns.
The consultant said legislation allowing schemes to pay most of a member's tax bill and lessen the impact of the planned reduction in annual allowance from £255,000 to £50,000 could cost employers thousands...
A handful of industry heavyweights have begun trialling a so-called 'mid-life MOT', with positive initial results reported by all those involved.
The Pensions and Lifetime Savings Association (PLSA) has announced it will shrink its board by more than one-third as part of a governance overhaul to make it "agile and more appropriate".
Smaller FTSE 350 defined benefit (DB) schemes were nearly 15 percentage points less well-funded than larger schemes in 2017, according to a Goldman Sachs Asset Management (GSAM) analysis.