The industry has welcomed The Pensions Regulator's (TPR) revised definition of professional trustee, but has warned all trustees to be aware of the updated monetary penalty policy.
The regulator now defines a ‘professional trustee' as someone "who acts as a trustee in the course of the business of being a trustee", particularly where one represents or promotes themselves to a scheme...
Defined benefit (DB) schemes are not taking advantage of "exceptional" pricing for bulk annuities, with most schemes insured in H1 being repeat buyers, Aon Hewitt has said.
Hymans Robertson has appointed Tom Dunster to lead its equity research team in a newly-created position.
UK households have not stopped saving to go on a debt-fuelled consumer spending spree, according to research from Royal London, despite official figures revealing the savings ratio is at a record-low.
The government has announced it will press ahead with "tough" measures to protect pension savers as figures reveal almost £5m was lost to scammers between January and May this year.