Granting employers the authority to change schemes to mitigate the cost of ending contracting out will be a "very careful balancing act", the National Association of Pension Funds says.
The provision, which is part of the move towards a single tier state pension, will allow employers to implement scheme changes without trustees' agreement in order to balance out costs incurred when contracting...
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.