Failure to find an agreed definition of the 'value for money' concept means trustees and providers are unable to provide schemes in the best interests of all members according to the Pensions Policy Institute (PPI).
In Value for Money in Workplace DC Pensions the PPI says this lack of consensus also means it is hard to compare options within DC workplace pensions, particularly where members and employers also have...
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.