Staff at the Pensions Ombudsman were forced to choose between remaining in their jobs or moving to the Department for Work and Pensions creating an "unsettling" environment, the supervisory body's annual report reveals.
The report highlights a £145,000 underspend in the ombudsman's books largely due to lower staff costs, meaning it "did more - with less". The report shows the working environment was thrown into confusion...
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.