News

Unprecedented levels of provider consolidation means trustees must regularly monitor and assess security of members' assets, the Security of DC Assets Working Party has warned.

John Govett has been appointed chief executive of the single financial guidance body (SFGB), the Department for Work and Pensions (DWP) announced today.

The Competition and Markets Authority (CMA) will publish its provisional decision as to whether there are adverse effects on competition in the investment consultants market on the morning of 18 July.

Pension transfer values fluctuated mildly during June, continuing the stability seen throughout 2018 so far, according to XPS Pensions Group's transfer value index (TVI).

KAS Bank has hired Rebecca Pitts as a business development manager in its UK office.

Collective defined contribution (CDC) schemes are the "best means" for achieving the right balance between collective benefit security and individual freedom and choice, the Work and Pensions Committee (WPC) says.

The Pension Protection Fund has seen its funding level improve by 1.2 percentage points, after enjoying above target returns in a year when it took on pension schemes of big corporates like Carillion.

The number of investigations by The Pensions Ombudsman (TPO) have increased by over a quarter driven partly by a sharp rise in the number of transfer complaints received during the past financial year.

The Pensions Regulator (TPR) missed one of its 19 performance targets over the last year, it confirmed in its annual report and accounts.

An overwhelming majority of this week's Pensions Buzz respondents agreed with the Pensions and Lifetime Savings Association (PLSA) that national retirement income targets should be developed to help people understand how much to save for retirement.