The industry must do more to support employees making retirement income decisions says The Pension Regulator's chairman Michael O'Higgins.
The regulator's recent governance survey showed "encouraging improvements" with over 90% of trust based schemes encouraging members to seek independent advice. However, O'Higgins told Pensions and Benefits...
A buyout tool which provides schemes with up-to-date pricing and comparisons between insurers has been launched by JLT Employee Benefits.
The DB white paper sets out plans to review the funding regime, with 'prudent' and 'appropriate' possibly redefined. But James Phillips asks if this could this signal a return to an MFR-like approach?
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.