Aon Hewitt's move to merge its pensions administration and HR processing business might give us a sign of things to come in the admin market.
The change came under the banner of efficiency, and who can blame Aon? It's no secret competitiveness in the pensions administration business is fierce. Studies have shown margins have been squeezed consistently...
Andy Tarrant says without government backing, the pensions dashboard cannot become the one-stop shop it's intended to be
'Not appropriate to comment'
Proposals for mandatory tendering of fiduciary management services, as well as additional guidance for trustees, have been welcomed by industry commentators albeit with some caution.
Sterling has fallen on the back of inflation figures released this morning, which show the UK Consumer Price Index (CPI) remained steady at 2.4% in June.