Households headed by someone aged between 65 and 74 now hold more wealth on average than those aged 16 to 44, according to research by the Resolution Foundation.
The think tank found the share of total wealth held by households headed by under-45s fell 20% following the 2008 crash, while households headed by older people saw their slice grow two percentage points...
More needs to be done to speed up DB to DC transfers but, as Jonathan Stapleton says, more also needs to be done to protect members.
The Pensions Ombudsman (TPO) took on 2,566 early resolution cases in 2018/19 after onboarding a team from The Pensions Advisory Service (TPAS), according to its annual report and accounts.
The lifeboat fund is in a good position despite reserves taking a £0.6bn hit. But the ramifications of the EU judgment on member compensation is an area of concern for CEO Oliver Morley, writes Stephanie Baxter