Proposals could give flexibility for the sponsors of smaller and struggling schemes
AJ Bell calls for increase on £4,000 threshold to £10,000
Bank says there is a clear need for ‘urgent and robust measures’ to fill supervisory gaps
Experts said the reform package was a ‘welcome feature’ of the Autumn Statement
Pre-statement speculation on LTA and tax-free lump sums did not come to pass
Reforms cut risk margin and overhaul eligibility rules for matching adjustments
Move comes a fortnight earlier than planned
WTW says there is too much prescription in a supposedly principles-based framework
Move comes in bid to temporarily absorb selling of ILGs in excess of market capacity
Consultants say bulk annuity pricing could go either way depending on final reforms