The Trades Union Congress (TUC) has warned that savers will be ripped off in ways that are "perfectly legal" when they can access their defined contribution (DC) pension pots from this April.
Speaking to PP, head of campaigns and communications Nigel Stanley said the risk of people being sold something of poor value yet technically legal is one of the downsides of the April Budget changes....
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.