News

The pensions industry “can’t compete” with the “ingenuity” of scammers until industry jargon is removed and communications are simplified, according to industry experts.

Schemes and their administrators have rightly received much praise for ensuring that pensions have continued to be paid in full and on time during an unprecedented period of disruption.

The Pensions and Lifetime Savings Association (PLSA) has called on the government to implement regulations for schemes to better assist savers with complex decisions regarding pot access at the point of retirement.

Sponsor covenants are facing a “triple whammy” moving into 2021 as the effects of Covid-19, Brexit and macro-economic conditions combine, Lincoln Pensions warns.

Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the September 2020 estimates on the various measures…

TTF wants greater consumer protection

Birthday honours have been awarded to pensions industry giants Mark Boyle and Sara Protheroe in recognition of their “outstanding achievements”.

Any move by the Bank of England (BoE) to cut interest rates to zero or move them into negative territory would have a limited impact on well-hedged schemes, the industry says.

The whole pensions sector must collaborate if it is going to drive real change on climate issues, industry experts have warned.

The London Borough of Hammersmith and Fulham is looking to transfer its pensions administration service to a new provider towards the end of 2021, following an independent review.