Final salary members could see 4% slashed from their benefits after the Bank of England used miscalculated inflation rates for more than a decade, experts say.
The BoE last week admitted it had underestimated clothing prices used to determine inflation by 5.5% between 1997 and 2009, meaning the consumer price index rate should have been 0.3% higher than published....
This week's edition of Professional Pensions is out now
MPs failed to place legislation into the Financial Guidance and Claims bill that would have made pension guidance default, which Just Group director Stephen Lowe said left a "bitter taste".
Aegon has called for the government to double the tax exemption on employer-arranged pension advice, up from £500 to £1,000.
Institutional investor confidence in Europe rose by 8.9 points in April with each region showing growing appetite for risk, according to State Street Global Exchange.