Ben Cocks says open transfers are the only way to improve competition in the pensions market.
If consumers are to get good value from their pensions then the pension market desperately needs more effective competition. So it is encouraging to see some new providers entering the market, particularly...
The Pensions and Lifetime Savings Association (PLSA) has announced it will shrink its board by more than one-third as part of a governance overhaul to make it "agile and more appropriate".
Smaller FTSE 350 defined benefit (DB) schemes were nearly 15 percentage points less well-funded than larger schemes in 2017, according to a Goldman Sachs Asset Management (GSAM) analysis.
The advent of collective pension systems could help the UK avoid demographic challenges which will make it "impossible" for society to help savers in retirement, experts say.