There has been a significant rebound in the asset values of UK defined benefit (DB) pension schemes since this week's ‘Black Monday' stock market turmoil.
Michael Klimes examines whether attempts to grease the wheels of pension transfers will succeed
The overwhelming majority of Pension Buzz's 166 respondents thought nationalising pension provision would be detrimental for the country.
Trustees are learning to get bolshy over contracts
Pension transfer requests out of defined benefit (DB) schemes doubled after the relaxation of defined contribution (DC) retirement processes, according to research from one provider.
The Pensions Regulator (TPR) has urged defined contribution (DC) trustees to ensure they are on track to meet charge capping and governance requirements introduced in April.
The £900bn deficit in UK defined benefit (DB) schemes would require more than a year's salary from every person in the UK to fix, according to Hymans Robertson.
Pensions Buzz: sponsors can't push trustees around
The Pensions Regulator (TPR) has told defined benefit trustees to assess employer covenants as part of their triennial valuations, and monitor employer support regularly.
Deficits in defined benefit (DB) schemes were pushed up by falling gilt yields in July, according to official figures.