Lack of standardisation across pension illustration tools has resulted in a huge variation between likely values of retirement pots, according to research by Altus Consulting.
The firm is concerned this may confuse savers, especially with the incoming pension freedoms. Altus took an average person earning £29,360 with existing savings of £37,400 at age 42 with pension contributions...
Richard Wohanka is to chair The Pension Superfund's trustee board, working alongside professional firm 2020 Trustees to safeguard members' benefits.
Four people behind a £13.7m cold-calling scam which cost 245 people their savings have been banned from being pension scheme trustees by The Pensions Regulator (TPR).
The Pensions Administration Standards Association (PASA) has launched its latest round of guidance for guaranteed minimum pensions (GMPs).