News

Top stories on PP this week included worries about the funding impact of DB members cashing out, small pot consolidation, and Steve Webb's hopes and regrets. Here's what you might have missed.

A decline in the number of active defined benefit pension schemes has fuelled a reduction in the cost of workplace benefits.

Internal organisational difficulties and the logistics of putting schemes together are hampering the introduction of reward and incentive programmes.

The Pensions Regulator (TPR) has published an essential guide for defined contribution (DC) trustees trying to get to grips with fresh rules on governance and charge controls.

Towers Watson has appointed Sharmila Nebhrajani and Russell Picot to act as trustees on its Life Sight master trust.

George Osborne's pensions freedom package, due to come into force in April, is at risk of becoming an "infamous example of political bungling" unless advice concerns are addressed, Phil Loney has said.

F&C Investments has appointed a council of six experts on responsible investment (RI), ethics and sustainability to advise the firm on these issues.

The Pension wise website has been launched by the government as part of plans to roll out a guidance guarantee service from April.

The Bank of England has said it is prepared to cut rates further and expand its quantitative easing programme should the current downward slide in inflation worsen materially.

The industry has called for further clarity from the European Commission (EC) on the meaning of cross-border activity in the revised Institutions for Occupational Retirement Provision Directive (IORP II).