Measures to accelerate the equalisation of the state pension age have been slammed after amendments to the Pensions Bill to ease their impact were defeated in the Lords.
Saga director-general, Ros Altmann described the news as a "cruel blow for women in their mid to late fifties", a cohort she said the government had treated with disdain. "Saga has been inundated with...
Partner Insight: Members' evolving needs and expectations are driving changes in scheme administration. As the pensions landscape inevitably continues to change, how will your scheme's approach need to develop to keep pace?
The Pensions Regulator (TPR) is "working closely" with government contractor Interserve and the trustees of its defined benefit (DB) pension schemes, it has confirmed.
The industry has welcomed the Department for Work and Pensions' (DWP) consultation on defined benefit (DB) consolidation as a way to address scheme covenant issues.
BMO Global Asset Management has opened a UK fiduciary management business, promising a "truly open architecture" approach to deliver "better client outcomes".