The government will allow the Local Government Pension Scheme to ditch Lord Hutton's proposals for a career average scheme and keep the final salary arrangements if it can justify it is "fairer" for members, a senior source close to government says.
PP was told HM Treasury will let employers and trade unions vary the government’s “reference scheme” – a CARE scheme with a 1/65th accrual rate – and use a lower accrual rate to keep final salary benefits...
New regulatory rules which require providers and advisers to produce annuity illustrations will not solve the problem of consumer detriment as they are "fundamentally" flawed, according to Retirement Advantage.
Paul Budgen is set to join financial technology and auto-enrolment (AE) firm Smart Pension as director of business development.
This week's edition of Professional Pensions is out now
Collective defined contribution (CDC) schemes will need clear and transparent governance frameworks, as well as effective communication strategies, to be a success, the Work and Pensions Committee (WPC) has been told.