The Treasury has recommended that banks with group-wide pension funds should split them into separate schemes for each arm of their businesses.
The proposal comes as part of the government's proposals for banking reform, which centre on separating and ring-fencing investment and retail sections of banks. In a white paper published today, the...
The secretary of state for work and pensions has told MPs clawback and avoidance measures could be imposed for the people responsible for driving Carillion over the cliff.
Occupational pension provision has continued to grow in value, but there remains large variance in incomes across the pensioner age group, according to latest government data.
Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.