UK schemes could release up to £200bn invested in gilts to match their liabilities more closely with a buy-in policy, says Aon Hewitt.
The consultant said conditions in the bulk annuities market mean now is a good time for schemes holding gilts to switch them for a pensioner buy-in. Aon Hewitt principal and actuary Paul McGlone (pictured)...
HMRC has confirmed providers operating relief at source pension schemes can continue to collect automatic tax relief at a basic rate of 20% under new Scottish Income Tax rules.
The Pensions Regulator (TPR) is seeking "improved" powers to set a schedule of contributions in defined benefit (DB) schemes in the government's upcoming white paper, it has revealed.
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.