Report says current retirement system is built on ‘outdated’ assumptions
Watchdog says guidance will support actuaries working with affected pension schemes
L&G surpasses £200bn in DC assets, Aviva DC private markets strategy and DB schemes urged to consider ‘purposeful pause’
Stewart Hastie also calls for ‘more vigorous’ public policy to incentivise private savings
Organisations welcome some proposals, but warn ‘significant caution’ is needed
Actuaries also believe there is a minimum scheme size suitable for DB surplus release
Industry says IFS report offers ‘pragmatic’ roadmap to meet retirement adequacy challenges
Government confirms retrospective actuarial confirmation of benefit changes
Bill hailed by industry as a ‘once in a generation’ opportunity for workplace pensions
DWP commended for avoiding ‘unnecessary layers of caution’ in its plans