Aaron Punwani says the key question is what is the right level of leverage going forward
PCST market expected to continue with double-digit annual expansion
Trustees warned that failure to maintain data security could harm member engagement
PP speaks to trustees and consultants about the liquidity squeeze and what could happen next
LCP warns of member ‘shock’ at scale of decline in pot values in pre-retirement phase
But lifetime allowance charges increase by 11% on previous year
Overall, today’s statement will lead to an improvement in DB scheme funding
Improved DB funding and rising interest rates increased bulk annuity deals by 50% in H1
DWP urged to boost collaboration and stability to ensure legislation is accomplished
Around 1.6 million pots are left unclaimed by members