A safe-haven forum to discuss incentive exercises is set to be launched in the wake of an industry code of conduct which outlawed the use of cash incentives.
TPR chief executive Bill Galvin tells Hannah Brenton about the challenge of seeing the industry through auto-enrolment.
Mercer, Aon and Blackrock must compensate a scheme member whose fund was depleted when invested incorrectly following an enhanced transfer exercise.
Fewer schemes will carry out enhanced transfer value exercises following the introduction of a code of conduct and changes in how members are advised, says law firm Osborne Clarke.
Lorica Employee Benefits has launched a de-risking tool that allows members to see what value their defined benefit entitlements are worth in the annuity market.
The code of conduct for incentivised transfer exercises published this summer will change the "shape and methodology" of some offers but will not end the practice, says JLT Pension Capital Strategies.
The Costain Pension Scheme has shed £35m of liabilities through a series of transfer exercises.
The Department for Work and Pensions has confirmed it will introduce legislation restricting enhanced transfer exercises if a voluntary code to improve deals does not work.
Taylor Wimpey has seen shortfalls in its two defined schemes grow by £65m over the last year despite making deficit recovery payments of £46m.