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...
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.