Consolidating defined benefit (DB) schemes could give members greater security and lead to more affordable benefits, the Pensions and Lifetime Savings Association's (PLSA) taskforce has said.
Under a consolidated model, with links to employers severed, there would be a simplified benefits structure, which could reduce both time and cost of administration, while members could receive benefits...
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This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.