The industry has supported Steve Webb's promotion of ‘defined aspiration' occupational pensions which encourage risk sharing, but warned the government will have to make significant legislative changes to make it work.
The pensions minister first made his pitch for a ‘middle way' between defined benefit and defined aspiration earlier this year (PP Online, 8 February) and the idea has begun to receive widespread attention...
Some of the UK's biggest pension schemes will be forced to report on climate risk in line with recommendations from the Taskforce for Climate-related Financial Disclosures (TCFD).
TPT Retirement Solutions has launched a pension scheme for the education sector which offers schools both defined contribution (DC) and defined benefit (DB) pension provision.
The People's Pension has revealed plans to overhaul its charging structure, cutting fees and returning profits to members with an aim to help people save more money for retirement.
Data consultancy ITM has appointed Akash Rooprai as head of client management to lead its de-risking business.