Large firms will follow the postal service's lead on introducing collective defined contribution (CDC) schemes if it works well for management and employees, the pensions minister says.
Guy Opperman's words came as the Department for Work and Pensions (DWP) launched a consultation to "shape future legislation" for CDC schemes today (6 November). It follows Royal Mail's announcement earlier...
The government is in talks with the UK and Irish pensions regulators over how to protect members of cross-border schemes in the event of a no-deal Brexit.
The equalisation of guaranteed minimum pensions (GMPs) is at least two years away from being completed, and could take longer than four years for some schemes, a poll has found.
The Pensions Regulator will consider if schemes should be required to have professional trustees and assess the case for greater regulation of administrators and system providers, PP can reveal.
UK inflation fell from 2.3% to 2.1% in December, approaching its lowest rate for two years, according to the Office for National Statistics (ONS).