Aegon has overhauled its workplace pension default funds in response to the extra retirement flexibilities introduced in April.
The new strategy uses five funds to offer different strategies for members targeting cash and annuitisation, as well as those hoping to draw their funds flexibly. The firm uses an investment strategy...
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