Pension scheme trustees must produce a chairs statement that is compliant with the law or face mandatory fines, the Pensions Regulator (TPR) has warned today.
UK savers will soon be able to see all their pension savings in one place after the government today unveiled proposals for a series of dashboards that could come online later this year.
Millions of workers could soon enjoy improved retirement savings after the UK government today backed plans for the countrys first Collective Defined Contribution (CDC) pension scheme.
Almost two-thirds of the UKs defined benefit (DB) pension schemes are running at a deficit, despite funding increasing to the highest levels recorded since 2014.
The pension industry is split on how to deal with guaranteed minimum pensions (GMP) equalisation following a landmark ruling that could add billions to UK schemes liabilities.
The trustees of 14 UK pension schemes have received letters warning of imminent legal action should they fail to consider the financial risks associated with climate change.
A new television campaign was launched today to raise awareness of pension scams after it was found that victims each lost an average of £91,000 in the UK last year.
The living standards replacementrate (LSRR) is a more accurate alternative measure for evaluating retirement income adequacy, explains Bonnie-Jeanne MacDonald
