Retirees will have little comeback if they receive poor guidance outside of the Treasury's Pension wise service, lawyers have warned.
Last month, it was revealed the Parliamentary and Health Services Ombudsman (PHSO) would oversee Pension wise as it handles complaints related to services provided by government. But there is no recourse...
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.