The government is considering scrapping indexation for defined benefit pension schemes as part of its promise to reinvigorate occupational pensions, the pensions minister confirms.
Steve Webb (pictured) said removing inflation protection could help companies keep their DB schemes open and halt the move to defined contribution. Under the current system "limited price increases"...
The Pensions and Lifetime Savings Association (PLSA) is in the process of convening an industry-wide group to take forward the work of the Institutional Disclosure Working Group (IDWG).
The Transfers and Re-registration Industry Group (TRIG) has given its support to an initiative which aims to complete occupational pension transfers within three weeks.
Scottish Widows has completed a bulk annuity deal for the Hitachi UK Limited Pension Scheme.