Sponsors of defined benefit (DB) schemes could face a £100bn bill as members look to transfer to defined contribution (DC) arrangements to take advantage of incoming ‘freedom and choice' rules.
Research from Hargreaves Lansdown found almost 8% of DB members intend to transfer after the new rules come in this April while two thirds had no intention of moving their funds. With 6.87m deferred...
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MPs failed to place legislation into the Financial Guidance and Claims bill that would have made pension guidance default, which Just Group director Stephen Lowe said left a "bitter taste".
Aegon has called for the government to double the tax exemption on employer-arranged pension advice, up from £500 to £1,000.
Institutional investor confidence in Europe rose by 8.9 points in April with each region showing growing appetite for risk, according to State Street Global Exchange.