For those of you who have never heard of him (and I included myself among this group until just last week), Leopold Kohr was an Austrian economist and political scientist - and a staunch opponent of the "cult of bigness".
He is the man widely credited with coining the phrase “small is beautiful”. As Kohr died in 1994 it is difficult to say whether he ever thought about scale in the UK pensions industry, but, had he have...
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