Asset managers should be subject to similar regulation to annuity providers if they are to get involved in the retirement income market, argues the Financial Inclusion Centre.
Speaking at yesterday's Retirement Review conference, the centre's director Mick McAteer said such regulation could increase costs. "If asset managers think they are going to get into this market in...
The Pensions Regulator (TPR) is focusing on reducing the number of "poorly-run" schemes as it seeks to improve standards across the board.
Prudential Retirement has completed around $2.6bn (£2bn) of reinsurance contracts for UK pension scheme longevity risk since the start of the year, it has disclosed.
Funding standards for DB schemes have increased exponentially over the past decades. Con Keating says such significant overstatement of liabilities will lead to pushback through the courts.
PP has compiled a list of what to watch out for over the coming months.