Legal and General Trustees (LGT) has asked The Pensions Regulator (TPR) to allow an amnesty for defined contribution (DC) contract scheme providers to change members' investments without their consent.
Contract scheme providers are unable to unilaterally move a member from poorly performing funds without permission, due to contract law. LGT said this is a problem for many disengaged members in unsuitable...
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.