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.
Chancellor Philip Hammond has said he would be happy to hear about reforming the retail prices index (RPI) as long as the Office of National Statistics (ONS) initiates discussions.
Occupational pension scheme membership hit a record high in 2017, with more than 41.1 million people saving through the workplace, latest Office for National Statistics (ONS) data reveals.
Some 42% of defined contribution (DC) trustees believe that their investment strategies are 'less sophisticated' than those used by defined benefit (DB) schemes, according to a Hymans Robertson survey.
DB schemes are increasingly running transfer exercises to manage liabilities. Jonathon Webb looks at how to ensure overseas members are given the correct advice and included in the process
Access to automation could explain why there is still a large gap in fees for large and small schemes, according to KGC Associates' ninth administration survey. Victoria Ticha looks at the findings
Legal & General (L&G) has announced bulk annuity sales in the first half were £1bn lower than last year, but it expects another £7bn of deals in the second half.
A ruling by The Pensions Ombudsman (TPO) could mean past victims get redress if it finds trustees failed to alert members to pension transfer risks or did not perform mandatory checks.