The decumulation phase of defined contribution (DC) pensions should be institutionalised to prevent savers from splashing their pots, the Pensions Institute (PI) has said.
A report from the PI described George Osborne's Budget decision to abolish mandatory annuitisation or drawdown for DC members as "risky". Professor David Blake (pictured) said: "The Chancellor has forgotten...
The Pension Protection Fund (PPF) is consulting on changes to the actuarial assumptions it uses in valuations in a bid to better reflect the bulk annuity market, with schemes set to move into surplus on aggregate.
Private sector defined benefit (DB) schemes were 96.3% funded on a Pension Protection Fund (PPF) compensation basis at the end of July, according to the lifeboat fund's monthly index.
The Pensions Regulator (TPR) and Financial Conduct Authority (FCA) have launched a refreshed ScamSmart campaign to warn savers about unsolicited pension communications.
Ann Harris OBE and Mike Dailly have been appointed non-executive directors at the upcoming single financial guidance body (SFGB).