The ‘small print lottery' over RPI/CPI usage in company pension schemes means some pensioners will see their income reduced by 20% over 20 years, KPMG says.
A fifth of trustees never meet with their administrator and are failing in their duty to monitor scheme data quality, The Pensions Regulator says.
Illinois Teachers' Retirement System; KPMG; Putnam Investments; SEI; Threadneedle; Mercer.
KPMG has announced the appointment of four new partners in its pensions practice.
A large part of the industry has slammed the government's announcement preventing private sector schemes the power to override scheme rules enabling a shift from RPI to CPI indexation.
HM Treasury will announce new pension taxation rules including the cap on the annual allowance tomorrow.
Regulator guidance on enhanced transfer value exercises could force trustees and sponsoring employers to collude on offer terms to meet compliance standards, Mercer say.
The trustee of the Merchant Navy Officers Pension Fund has selected Towers Watson as the delegated chief investment officer for its £3bn pension fund.
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Trustees have been handed more than £4bn from scheme sponsors through asset-backed funding structures, research from KPMG reveals.