UK pension provision is being undermined by accounting standards currently used to calculate schemes' assets and liabilities, a report finds.
The report - commissioned by the National Association of Pension Funds and written by the Leeds University Business School - said current accounting standards introduce short-term volatility into the measurement...
Savers are being warned by the Insolvency Service to guard their pension pots from investment scammers and negligent trustees as it winds up 24 companies.
Respondents say they should only be required in certain situations as the system is not broken.
Smart Pension has absorbed more than 6,500 members from the Corporate Pensions Trust (CPT) after its trustees decided not to apply for authorisation.