Prudential has implemented withdrawal restrictions on its Workplace Pensions Prudential UK Property fund as scrutiny on open-ended funds' liquidity issues continue.
The firm said requests to access money from the fund will be delayed for up to six months, adding that clients will receive a letter confirming the request when it is ready to be actioned. In a shareholder...
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