A lack of knowledge and skills is preventing pension scheme trustees from making confident decisions, according to Mercer.
The consultancy's 2013 Pensions and Governance Survey found just 61% of trustees thought their board was sufficiently confident in making investment strategy decisions. Some 197 schemes were involved...
This week's top stories included an article on how the government will have to justify proposed changes to the state pension age after a Prospect petition secured over 12,000 signatures.
Smart Pension failed to report the fact it had not collected or invested nearly £900,000 of pension contributions on behalf of its members, an investigation by The Pensions Regulator (TPR) has found.
The Pension Scams Industry Group (PSIG) has updated its voluntary code of practice in a bid to help prevent members falling victim to evolving pension scams.
The government has rejected the Work and Pensions Committee proposal to introduce a 'default decumulation pathway' at retirement.