The Pension Protection Fund (PPF) has warned that the £630m levy paid by schemes to fund the organisation is likely to rise by an average of approximately 10% in September.
The lifeboat fund's executive director of financial risk Martin Clarke told delegates the aggregate levy would have to go up as a result of the increased risk posed to the PPF by historically high deficits....
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.