The aggregate total private pension wealth of all households in the UK in July 2014 to June 2016 increased to £5.3trn, according to the Office for National statistics (ONS).
Its Wealth and Assets survey found this has increased from £4.4trn based on July 2012 to June 2014 figures. Between July 2014 and June 2016, 66% of employees were actively contributing to a private...
This week's top stories included the Department for Work and Pensions issuing two separate consultations on the pensions dashboard and defined benefit consolidation.
A regime similar to that for defined contribution (DC) master trusts will be set up for regulating defined benefit (DB) consolidators under plans announced today.
Defined benefit (DB) superfunds that wish to enter the market must talk to The Pensions Regulator (TPR) about their plans before opening for business.