Many schemes are run by people who lack the expertise and skills for the role according to European Insurance and Occupational Pensions Authority (EIOPA) chairman Gabriel Bernardino.
Speaking at the National Association of Pension Funds (NAPF) conference today, he said many pension schemes weren't being governed by the right people and that the industry must remove complexity in products....
PwC, KPMG, EY and Deloitte must break up their consultancy and audit businesses into distinct firms to provide greater focus on the "most challenging and objective audits", the competition watchdog has said.
The Department for Work and Pensions (DWP) has released its first batch of guidance setting out how the guaranteed minimum pension (GMP) conversion legislation may be used to resolve unequal payments.
This week's top stories include the government spending £800,000 on a Gogglebox advert and MPs writing to The Pensions Regulator about its engagement with the Railways Pension Scheme.