Insurers do not deserve the bashing they get over high fees as many already provide good value for money in contract-based schemes, according to independent trustees.
This comes after insurers faced criticism for charging high fees in legacy schemes with more than £25bn of assets in funds charging 1% a year or more. PTL managing director Richard Butcher (pictured)...
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.