Most trustees say their default investment strategies still assume members will annuitise when they retire despite expecting annuity sales to plummet.
Research from Intelligent Pensions found that 94% of schemes still target annuities, but trustees said on average they believe just one in three members will take this option. Trustees believe that...
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.