The National Association of Pension Funds believes there is an "interesting piece of work" to be done in the area of risk sharing, its director of policy says.
UK - An industry-wide consultation on the RPI to CPI switch will be issued tomorrow, Steve Webb says.
An industry-wide consultation on the RPI to CPI switch will be issued tomorrow, Steve Webb says.
UK - Projected costs of enforcing the auto-enrolment regime were redacted from the Making Auto-enrolment Work Review but are substantial, delegates heard.
The future of enhanced transfer value exercises has been secured after the government abandoned plans to ban transfers from contracted out defined benefit schemes.
Members of the Work and Pensions Select Committee are going on a fact-finding mission to Brussels next week following the publication of the EU green paper on pensions.
Projected costs of enforcing the auto-enrolment regime were redacted from the Making Auto-enrolment Work Review but are substantial, delegates heard.
Individuals transferring from defined benefit to defined contribution schemes could be expected to sign a statement acknowledging the potential change it may cause to their benefits.
Schemes with less than 1,000 members tend to face higher running costs per member, Department for Work and Pensions research shows.
UK - Transfers from contracted out defined benefit schemes to non-contracted out schemes will be permitted following a government rethink.