The government is considering relaxing a black-and-white definition of "money purchase" to avoid shifting the goalposts on defined contribution schemes with guarantees, according to experts.
In the Pensions Act 2011, a “money purchase” scheme is defined as a scheme where the assets match the benefits – a scheme which cannot have a deficit – with the definition to be treated as having come...
The Pensions Regulator (TPR) has appointed Charles Counsell as its new chief executive, who will take over from Lesley Titcomb when she officially resigns at the end of February.
The Reuters Pension Fund has completed a £625m full pensioner buy-in with Canada Life in the insurer's largest ever deal.
Anthony Arter will continue as head of The Pensions Ombudsman (TPO) until 31 July 2021, the Department for Work and Pensions (DWP) has announced.
The Nottinghamshire County Council Pension Fund has hired Kames Capital to run a £22m property mandate.