There will be 8,676 intra-employer transfers between defined benefit (DB) and defined contribution (DC) schemes each year as a result of additional DC freedoms, according to a government impact assessment.
The term intra-employer transfer refers to member transfers to a DC scheme operated by the same employer. The process will cost £3.84m a year if measures to provide additional safeguards are implemented,...
The secretary of state for work and pensions has told MPs clawback and avoidance measures could be imposed for the people responsible for driving Carillion over the cliff.
Occupational pension provision has continued to grow in value, but there remains large variance in incomes across the pensioner age group, according to latest government data.
Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.