Solvency II-style capital requirements for schemes could cost employers £350bn, cut 180,000 jobs from the economy and reduce the value of pensions warns the Confederation of British Industry.
Research commissioned by the lobby group found the measures, which may form part of an overhaul of the Institutions for Occupational Retirement Provisions, could cut long term growth by 2.5%. The CBI...
The top stories this week were the High Court's decision to block the £12bn annuity transfer from Prudential to Rothesay Life, and a separate court ruling that 'raises the bar' for pension rectification exercises.
Guaranteed minimum pension (GMP) equalisation has soared to the top of pension schemes' to-do lists, with 58% stating it is a priority project, research from Equiniti has revealed.
Professional Pensions is holding its defined contribution (DC) conference on 4 September.