New board will look at DB policy, bulk purchase annuities and investment
PDP proposes extending industry collaboration to support the delivery of private sector dashboards
Consultation will require DC schemes to publish ‘clear data’ on performance, costs and quality of service
But People’s Pension disappointed FCA did not recommend a ban on transfer incentives
PMI says rising interest in private markets means trustees should ‘upskill’ to implement changes effectively
Measure will come into force from April 2029
Industry says report is ‘important step forward’ to address proliferation of small pots
Pensions UK and ABI campaign calls on savers to ‘strengthen their pension’
Pledge was made during discussions on reform to the Solvency II framework
Industry panel says government mandation could have ‘unintended consequences’