The Association of British Insurers' compulsory code for annuity providers has been welcomed by the industry and triggered calls for similar requirements for trust-based schemes.
The code of conduct will compel providers to start communications about annuities earlier, prompt savers to gather quotes from other providers and highlight alternatives such as enhanced annuities. ...
A buyout tool which provides schemes with up-to-date pricing and comparisons between insurers has been launched by JLT Employee Benefits.
The DB white paper sets out plans to review the funding regime, with 'prudent' and 'appropriate' possibly redefined. But James Phillips asks if this could this signal a return to an MFR-like approach?
The trustees of GKN's pension schemes have agreed a package of mitigation measures that would improve funding to a "more prudent level" if Melrose's offer is accepted by shareholders next week.
While the new powers are welcome, most respondents doubt it will make a difference to the outcomes for members, Pensions Buzz respondents say.