Private sector pensions have suffered from a "seismic collapse" with provision falling far short of the public sector, according to the Association of Consulting Actuaries.
The ACA surveyed 468 employers running more than 560 schemes - with combined assets topping £114bn - and found 90% of private sector defined benefit schemes are now closed to new entrants and 40% are closed...
Railways Pension Trustee Company chief executive Phil Willcock has quit the scheme after only 10 months to take up a position as head of AIG UK Life.
The Financial Conduct Authority (FCA) has launched a consultation on how to enable defined contribution (DC) savers to invest in patient capital via unit-linked funds.
The Pension Protection Fund has published its final levy rules for 2019/20 following a consultation launched in September.
The Competition and Markets Authority's (CMA) final report on the investment consultant market has been celebrated as having "real teeth" to produce better outcomes for members.