Default solutions need to be amended to take account of the changing use of funds at retirement since Freedom and Choice was introduced, Zurich has said.
The insurer said many old default solutions are not designed to reduce allocation to risky assets, such as equities, as someone approaches age 55 and warns that, now Freedom and Choice allows savers to...
This week's edition of Professional Pensions is out now. Click here to read it.
Baillie Gifford and Montanaro are the first asset managers to sign up to a new transparency code to help the Local Government Pension Scheme (LGPS) get a better handle on investment costs.
Lloyds Bank has launched a joint legal bid with its pension trustees and unions to equalise guaranteed minimum pensions (GMPs) in a move which could cost the industry £20bn.
A quarter of retirees do not believe they have a large enough nest egg to fund their retirement, research has revealed.