The government has proposed simplifying guaranteed annuity rate (GAR) valuations and introducing a statutory requirement for trustees to give risk warnings to members wanting to take advantage of the April freedoms.
The plans set out today in a Department for Work and Pensions consultation paper are some of the remaining legislative changes needed to adapt to the post-freedoms world. Its proposal to simplify the...
This week's top stories included Legal & General acquiring MyFutureNow to provide a dashboard service to customers, while also agreeing a hybrid buy-in with a Hitachi scheme.
NEST has signed up to the government-backed Star Initiative, taking all of its 8 million members' pension pots with it.
It is perhaps inherently difficult to find an agreed definition of value for money, but some methodologies could act as a stopgap, argues Jonathan Stapleton.