The government has confirmed it will delay plans to force schemes to equalise GMPs while it consults further with the pensions industry on the method for conversion.
PP revealed in February that pensions minister Steve Webb had shelved requirements for schemes to equalise guaranteed minimum pensions until Spring 2014. (PP online, 13 February 2013) In a consultation...
The trustees of GKN's pension schemes have agreed a package of mitigation measures that would improve funding to a "more prudent level" if Melrose's offer is accepted by shareholders next week.
While the new powers are welcome, most respondents doubt it will make a difference to the outcomes for members, Pensions Buzz respondents say.
Asset managers failing to 'fulfil purpose'; Industry needs focus on systemic risk and a 'do no harm' Hippocratic Oath for practitioners
The asset management industry is failing to fulfil its purpose because of an overreliance on modern portfolio theory, which has not evolved to meet current challenges, latest research claims.
Stewart Bevan explains why the pensions industry needs to stop ignoring the benefits of PenTech and look at the positives it has to offer.