News

In this week's Pensions Buzz we want your opinion on what the biggest challenge facing the industry next year is.

The European Insurance and Occupational Pensions Authority (EIOPA) has launched a consultation on how communications to scheme members could be improved.

The 0.75% charge cap has been branded ‘nonsense' after government research found most providers could not calculate charges not covered by the limit that members were paying.

The government has been urged to prioritise simpler guidance, more widespread advice and better retirement products to help people save for retirement.

Each session costs almost £500

A group of local government pension funds in the Midlands have launched plans to set up a multi-asset investment pool to meet the government's plans to cut costs.

The proportion of pension funds that say stewardship is regularly discussed at trustee meetings has risen to 37%, according to a Pensions and Lifetime Savings Association (PLSA) survey.

The local government pension scheme's (LGPS) reported investment costs have increased to £748m and charges per member have more than doubled in six years, according to a report.

The £150m Institution of Engineering and Technology ("IET") Superannuation and Assurance Scheme has completed a £32m medically underwritten buy-in.

Pension wise statistics will be updated on a monthly basis by the government according to the Treasury's economic secretary Harriett Baldwin.