The end of contracting out for defined contribution will save schemes £5.3m a year in administration costs, the government claims.
Responding to a written question, employment minister Chris Grayling said the abolition of contracting out resulted in seven pieces of regulation being axed on 6 April. He added that the government...
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.