Nicholas Lyons is to take over from Henry Staunton as chairman of Phoenix Group.
Lyons (pictured) will succeed Staunton as chairman on 1 September, subject to regulatory approval. Staunton leaves after his three year term of office expired in August. Lyons is currently a non-executive...
This week's edition of Professional Pensions is out now.
Nearly 60% of UK employers consider defined contribution (DC) master trusts to be the "most suitable" pension fund for their employees, according to research by Buck.
Companies which have tried to dodge their pension duties by changing their identities are being "hunted" by The Pensions Regulator (TPR) in a crackdown on non-compliance with auto-enrolment (AE).
Removing liquidity restrictions would enable DC funds to capitalise on the potentially higher and safer returns that DB schemes have benefitted from, says Patrick Marshall.