The Department for Work and Pensions (DWP) is planning to increase the Financial Assistance Scheme's (FAS's) compensation cap for members with more than 20 years' service.
At present, compensation from FAS is limited to £34,229 a year, but the DWP wants this to be increased by 3% for each year of pensionable service over 20 years when people first became entitled to FAS...
BNY Mellon has launched a range of reporting tools to help institutional investor clients track and evaluate portfolio investments based on environmental, social and governance (ESG) issues.
Three in five trustees have not heard of Clara Pensions, one of two defined benefit (DB) consolidators to have launched since last year's government white paper.
Both New Zealand and Australia are assessing myriad complex pension policy options. David Harris says the UK would do well to study these developments
Inflation in the UK rose slightly in February to 1.9% on the back of higher food prices, according to the Office for National Statistics (ONS).