Bulk annuity transaction fully secures the benefits for all members of the scheme
Response outlines government plans to increase value for money for members
Draft secondary legislation setting out the way forward will be published later this year
The government has responded to its call for evidence on small pots
Scheme was able to transact within three months of deciding to go to market
ONS figures show market value of DB schemes fell by 3% between Q3 and Q4 2022
Industry urges government to eliminate obstacles holding up genuine transfers
66% of Buzz respondents say expansion would not be advantageous for DB members
Surplus increased to £69bn due to increases in bond yields and fall in rate of inflation
A round up of the industry’s comments on the DWP’s revised dashboards deadline