Done properly, DB to DC transfers can benefit the member, the trustees and the sponsor. But, as Mark Evans says, there is need for improvements in the area of transfer out processes.
Once again, defined benefit (DB) pension transfers are hitting the headlines. It's worth taking a moment to remind ourselves where we have been, where we are, and, perhaps, where we need to go from here…...
This week's top stories included proposed draft regulations in a no-deal Brexit which would make scheme investments illegal, and Esther McVey's resignation as secretary of state.
There have been a total of 15 ministers responsible for pensions since 1997. Here is the list in full.
Pension Buzz respondents have disputed Lord Myners' arguments that asset owners, including pension funds, are substantially to blame for short-termism in business.