Lloyds Banking Group (LBG) is consulting with scheme members on removing pensionable pay increases for active members of its defined benefit (DB) schemes.
The International Organisation of Pension Supervisors (IOPS) has appointed Dr Edward Odundo as its third president, succeeding the Australian Prudential Regulation Authority's deputy chair Ross Jones in the role.
Pensions minister Steve Webb has called on the Association of British Insurers (ABI) to conduct its audit of high-charging legacy schemes "far faster".
Pensions minister Steve Webb says the upcoming consultation on defined ambition will not set out prescriptive single-model options for enhanced defined benefit (DB) and defined contribution (DC) provision.
JP Morgan’s Simon Chinnery argues a charge cap will damage savers
Taha Lokhandwala speaks to the NAPF’s new DB and DC councils as the lobby group changes its internal structure
Large employers have criticised the government, pensions industry and payroll providers for the level of support available in setting up auto-enrolment (AE).
The government has set out a range of proposals to limit charges in schemes used for auto-enrolment (AE) to either 0.75% or 1%.
Some 50% of people surveyed by asset manager BlackRock say they are unwilling to take any risks with their money, leading to high allocations in cash.
Buzz respondents were sceptical as to whether bigger schemes necessarily benefited from their size.