The abolishment of short service refunds (SSRs) will force some defined contribution (DC) schemes to switch to lower-cost investment strategies, consultants have warned.
From October companies will no longer be able to use proceeds from SSRs to fund pension administration charges for employees, which a large number currently do. If companies pass the bill onto members...
Pension Insurance Corporation (PIC) has agreed to a 30 year debt investment in Phoenix Community Housing, a not-for-profit, resident-led housing association in London.
Royal London has announced plans to allow customers with guaranteed annuity rates (GARs) to convert their guarantees into a top-up for their pension pot, subject to High Court approval.
The Salvus Master Trust will welcome another 1,200 members and 20 employers as it absorbs the £7m Complete Master Trust.
Aon has appointed Emma Adair to lead client service for its UK investment team.