Accrual rates for Lord Hutton's new public sector schemes could reach 1/80th, with a ‘cost-ceiling' formula across all schemes set to dictate the rate used for specific funds.
The Treasury is currently considering a spectrum of accrual rates for the career average arrangement, ranging from 1/50th to 1/80th to chime with a “reference scheme” officials have put forward as a blueprint...
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".