Henry Tapper says as the initial euphoria of 'never having to buy an annuity again' wears off, the prospect of freedoms becomes less appealing
This week's top stories include the FCA deeming half of the DB transfers it looked into unsuitable, DWP firing Workie and Fidelity International saying it will adopt a new active fund fee model.
Douglas Hamilton, the head of pensions strategy at Royal Mail, says its proposals are fair and about affordability not cost-cutting.
Royal Mail workers have overwhelmingly voted for strike action in response to the company's planned closure of its defined benefit (DB) scheme.
This week's top stories included the revelation that the Communication Workers Union was planning to cut its pension provision, despite launching a ballot for industrial action against Royal Mail for similar plans.
The Communication Workers Union (CWU) has proposed a major shake-up of its defined benefit (DB) provision, despite threatening industrial action at Royal Mail for planning similar changes, PP can reveal.
This week's top 5 include TPR's research found smaller schemes are failing to meet basic governance standards, and union action over Royal Mail's planned DB closure.
The Communication Workers Union (CWU) will ballot its members on strike action over Royal Mail's plans to close its defined benefit (DB) scheme.
This week's top stories were potential strike action at Capita over closing its DB scheme, and Unite members narrowly rejecting Royal Mail plans to create cash balance scheme.
The Communication Workers Union (CWU) has told Royal Mail it must make significant progress in resolving its pensions dispute by 6 September to avoid industrial action.