The trustee board of the Plumbing and Mechanical Services (UK) Industry Pension Scheme has launched a consultation with sponsoring employers on closing the scheme to future accrual.
More of the smallest defined benefit (DB) schemes are hedging inflation and interest rate risk using liability-driven investment (LDI) strategies thanks to more accessible and affordable solutions, XPS Pensions Group says.
The Professional Pensions Administration Survey 2018 reveals the rankings of the best third-party administrators and software providers for pension schemes.
Decumulation and pensions were the least complained about products in the second half of 2017, according to the Financial Conduct Authority (FCA).
The Royal Society of Arts (RSA) has reignited the debate on the introduction of flat-rate pensions tax relief - saying a 30% flat rate would be progressive, cost-neutral and leave three-quarters of earners better off.