Retirement income that is inadequate or fails to meet savers' expectations is a "central challenge", the Financial Conduct Authority (FCA) has said.
When coupled with the dangers of pension scams, poor value, use of unsuitable products, and "poor pension services", the potential for dampened consumer outcomes grows even further. The concerns were...
The Co-operative Group's Somerfield Pension Scheme has completed a buy-in with Pension Insurance Corporation (PIC), insuring the benefits of its pensioner members.
Caroline Rookes CBE and Michele Hirons-Wood have joined The Pension Superfund's board of trustees to focus on maintaining governance standards and safeguarding member benefits.
The first specialist independent firm advising pension schemes on bulk annuities or moving to a consolidator has been set up with ambitions to shake up the market.