Debt Management Office chief executive Robert Stheeman discusses the impact of shrinking annuity sales on the UK gilt market.
Stheeman says the effect in the short to medium-term will be minimal as the bulk of demand will continue to come from defined benefit schemes. In the longer term, Stheeman predicts that a retail market...
More needs to be done to speed up DB to DC transfers but, as Jonathan Stapleton says, more also needs to be done to protect members.
The Pensions Ombudsman (TPO) took on 2,566 early resolution cases in 2018/19 after onboarding a team from The Pensions Advisory Service (TPAS), according to its annual report and accounts.
The lifeboat fund is in a good position despite reserves taking a £0.6bn hit. But the ramifications of the EU judgment on member compensation is an area of concern for CEO Oliver Morley, writes Stephanie Baxter