News

Around three-fifths of respondents in this week's Pensions Buzz backed the view that trustees should take a proactive approach to engage with members when they are seeking to transfer out of their defined benefit (DB) scheme.

Defined benefit (DB) consolidator The Pension Superfund has appointed Chris Hitchen as its founding chairman and has hinted of further appointments in the near future.

The Financial Conduct Authority (FCA) is to press ahead with its plan to require firms to provide suitability reports for advice against a pension transfer despite concerns over additional advice costs.

Lack of transparency means employees are in the dark over whether they are getting value for money from their pension, according to a report by the international labour union network.

The Pensions Regulator (TPR) should reveal the names of master trusts that will not apply for authorisation and take a measured approach, industry experts have said.

The Financial Conduct Authority (FCA) has held back from making any changes to its rules on contingent charging for defined benefit (DB) transfers in its latest policy paper on the subject.

Companies should revaluate their approach to defined contribution (DC) default design as more than 80% of savers trust employers to choose the right investments, according to research by BlackRock.

Legislation allowing opposite-sex couples to register as civil partners is unlikely to have a significant impact on pension scheme liabilities, industry experts say.

The Financial Conduct Authority (FCA) must ditch the methodology used to calculate transaction costs incurred by investment of defined contribution (DC) funds as a matter of urgency, the Investment Association (IA) says.

Schroders is set to land the £109bn Scottish Widows mandate as it offers a stake in its wealth arm Cazenove Capital as part of the negotiations, according to reports.