The government is likely to review draft income drawdown rules forbidding the use of RPI-linked annuities for the minimum income requirement, specialist providers say.
The current draft of the Finance Bill, which has yet to become law, says the MIR for flexible drawdown must be guaranteed for life, meaning annuities linked to RPI cannot be used in case inflation drops....
A buyout tool which provides schemes with up-to-date pricing and comparisons between insurers has been launched by JLT Employee Benefits.
The DB white paper sets out plans to review the funding regime, with 'prudent' and 'appropriate' possibly redefined. But James Phillips asks if this could this signal a return to an MFR-like approach?
The trustees of GKN's pension schemes have agreed a package of mitigation measures that would improve funding to a "more prudent level" if Melrose's offer is accepted by shareholders next week.
While the new powers are welcome, most respondents doubt it will make a difference to the outcomes for members, Pensions Buzz respondents say.