Longevity swaps leave schemes open to the risk that younger members live twice as long in retirement than current pensioner members, Punter Southall warns.
And the consultant said experience from its clients shows that a longevity swap might only remove as little as 30% of a scheme's longevity risk. This is because such deals typically only remove the...
More needs to be done to speed up DB to DC transfers but, as Jonathan Stapleton says, more also needs to be done to protect members.
The Pensions Ombudsman (TPO) took on 2,566 early resolution cases in 2018/19 after onboarding a team from The Pensions Advisory Service (TPAS), according to its annual report and accounts.
The lifeboat fund is in a good position despite reserves taking a £0.6bn hit. But the ramifications of the EU judgment on member compensation is an area of concern for CEO Oliver Morley, writes Stephanie Baxter