2019 was a busy year on many fronts, and pensions was no exception. Paul Kitson gives his top ten predictions for the pensions industry in 2020.
Pension scheme trustees should actively engage financial advisers if members are looking to transfer out of their defined benefit arrangements and washing their hands of the process does not eliminate risk, a study has found.
Most of this week's 94 Pensions Buzz respondents agreed the bill is good for pensions if it gets through parliament.
More than a third of pension schemes have appointed or are considering appointing an IFA to support their members, XPS Pensions Group research has found.
Aon has revealed defined benefit (DB) schemes are offering more support to members in their decision making at retirement, with one in five schemes now including personalised transfer value figures in retirement packs and making online tools available....
Over half of DB members that spoke to IFA transferred out last year, finds Willis Towers Watson research
A study has found 55% of defined benefit (DB) members who spoke to a financial adviser chose to transfer out to access the pension flexibilities in 2016-17, compared to just 36% the previous year.
Henry Tapper discusses the highs and lows of DB transfers.
The OECD believes annuities are part of the solution to prevent people running out of money in retirement. Michael Klimes asks how viable this is in the era of Freedom and Choice
The Financial Conduct Authority (FCA) has committed to tackling the number of unauthorised pension introducers.
Pensions are complex but who is there to help individuals understand more? Henry Tapper asks who the new pensions intermediaries are.
Defined benefit (DB) schemes need to deploy different communications methods if members are to understand options such as transfers to defined contribution (DC) schemes.
Almost half of the industry believes a flat rate of tax relief would be the best outcome from the government consultation that closed this week, Professional Pensions research finds.
Providing a pension scheme without additional support and financial education is "becoming insufficient", Scottish Widows warns.
LV= is launching a toolkit intended to help members in defined benefit schemes (DB) understand their options at retirement in light of freedom and choice.
Financial advisers (IFAs) will be wary of helping members transfer from defined benefit (DB) to defined contribution (DC) arrangements due to fears they will be accused of mis-selling, warn consultants.
Affluent investors are not using Pension wise says Suffolk Life.
Three quarters of defined benefit (DB) schemes intend to provide transfer quotes to members as part of their standard retirement process, research finds.
As the industry moves towards the ban of commission, Michael Klimes looks at how schemes and providers are adapting
Delaying the tightening of pension transfer regulation until after the April pension freedoms could result in two months of confusion and poor decisions, it has been said.
Insurers do not deserve the bashing they get over high fees as many already provide good value for money in contract-based schemes, according to independent trustees.
Fewer than one in seven defined contribution (DC) schemes plan to make it mandatory for members to take up the guidance guarantee before accessing their pot, PP research finds.
About 5,000 small and micro businesses will look to IFAs for auto-enrolment support as they hit their staging dates, according to National Employment Savings Trust (NEST) research.
Respondents to PP research dismiss Fabian Society proposals
Seven out of ten pension industry members back extending defined contribution (DC) flexibilities to defined benefit (DB) members, according to an Aon Hewitt survey.