A new cost transparency solution is being developed for pension schemes by a financial services technology firm.
Due to be launched in the second quarter by Simplitium, the tool will give both defined benefit (DB) and defined contribution (DC) schemes access to their underlying cost data at a time when transparency...
More needs to be done to speed up DB to DC transfers but, as Jonathan Stapleton says, more also needs to be done to protect members.
The Pensions Ombudsman (TPO) took on 2,566 early resolution cases in 2018/19 after onboarding a team from The Pensions Advisory Service (TPAS), according to its annual report and accounts.
The lifeboat fund is in a good position despite reserves taking a £0.6bn hit. But the ramifications of the EU judgment on member compensation is an area of concern for CEO Oliver Morley, writes Stephanie Baxter