The pensions industry is split on its approach to dealing with the GMP equalisation, Aon says.
Partner Insight: In recent years, pensions administrators have seen scheme member engagement increase significantly. The advent of pension freedoms in 2015 and the increased choices faced by members have led to a sea-change in the levels and types of...
Aon, Mercer and Willis Towers Watson have renewed criticism of the Competition and Markets Authority (CMA) over its analysis of the benefits of tendering for fiduciary management contracts.
Insurers are set to face a "flood of requests" from pension schemes for buy-in contracts to be restructured to allow for guaranteed minimum pension (GMP) equalisation, Aon warns.
A platform to help pension funds collect and analyse cost data, such as transaction costs, has been launched by Chris Sier, who has played an integral role in the fight for transparency.
The industry has broadly welcomed the Department for Work and Pensions' consultation on collective defined contribution (CDC) as a move towards improving retirement outcomes.
Defined benefit (DB) schemes and the Pension Protection Fund (PPF) are set to receive even less in sponsor insolvencies as the Treasury moves the taxman higher up the repayment ladder.
John McAleer sets out four areas where a change in approach to managing mature pension funds could lead to better outcomes for members, trustees and sponsors.
Scottish Widows has completed a bulk annuity deal for the Hitachi UK Limited Pension Scheme.
Investment consultants including the 'big three' have all agreed to participate in discussions to develop a strategy to demonstrate whether they provide value for money to pension fund clients.