The open market option could be reformed "within the year" if government and industry get behind the process, the Pension Income Choice Association says.
In evidence to the Workplace Retirement Income Commission, PICA said the key was to replace the default annuity options with a "pension passport" to help pensions savers shop around. It said this document...
Some of the UK's biggest pension schemes will be forced to report on climate risk in line with recommendations from the Taskforce for Climate-related Financial Disclosures (TCFD).
TPT Retirement Solutions has launched a pension scheme for the education sector which offers schools both defined contribution (DC) and defined benefit (DB) pension provision.
The People's Pension has revealed plans to overhaul its charging structure, cutting fees and returning profits to members with an aim to help people save more money for retirement.
Data consultancy ITM has appointed Akash Rooprai as head of client management to lead its de-risking business.