News

Proposed standards for professional trustees due to come into force next year will be "too easy to game" and "a silly compliance exercise" if they are not accompanied by tangible metrics, Richard Butcher has warned.

The bulk annuity market is set to beat all records next year, with new transactions reaching £30bn for the first time with the re-emergence of 'mega-deals', Aon has predicted.

Ahead of the results of the automatic enrolment (AE) review, PP looks at what could come up.

The British Steel Pension Scheme (BSPS) has told MPs it has given members enough guidance and information to make informed choices about their pension.

Industry experts are worried many British Steel Pension Scheme (BSPS) members will end up in the Pension Protection Fund (PPF) instead of switching to the new fund.

Pension providers should be required to pay out lump sums and other pension benefits to members before they reach minimum pension age in cases of ill health, MP John Mann has said.

Professional trustees will need to comply with six areas of standards from April or May next year under plans to bolster pension scheme governance.

The £29.6bn Pension Protection Fund (PPF) has appointed Purna Bhudia as head of credit.

Auto-enrolment (AE) has now brought nine million workers into occupational pensions since its introduction in 2012, latest government figures show.

All past and current members of three Pirelli defined benefit (DB) schemes have had their benefits insured through buy-ins worth £100m with Pension Insurance Corporation (PIC).