Poor quality data will hamper the ability of schemes to deal with guaranteed minimum pension (GMP) reconciliations and increase costs, according to research from Aon Hewitt.
In its Pensions Administration Survey 2015, 22% of respondents identified GMP reconciliation as the most pressing issue over the next 12 months. But 21% said data quality would hinder the delivery of...
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