When talking about what caused the death of defined benefit pensions, the usual suspects always pop up. Soaring liabilities are generally considered to have dealt the fatal blow, but didn't act alone; at the very least, red tape acted as look out.
The regulatory burden of DB contrasts sharply with the apparent freedom of defined contribution schemes. However, as auto-enrolment takes flight, things are changing. There was a cautious welcome for...
The Centre for Social Justice is calling for the state pension age to be raised to 70 by 2028 and to 75 by 2035, a much faster rise than currently planned.
The High Court has blocked the £12bn transfer of Prudential's annuity book to Rothesay Life, citing the insurer's lack of "established reputation" and differing "capital management policies".
This week's top stories included Legal & General acquiring MyFutureNow to provide a dashboard service to customers, while also agreeing a hybrid buy-in with a Hitachi scheme.