ACT framework will promotes action, challenge, and transparency in the institutional market
PRT deal included gilt-based price lock and marks first transaction for £18bn scheme
James Barham says the industry must start having joined-up conversations about lifetime savings
Research shows pensions app market is in ‘transition’ but reflects a ‘competitive’ landscape
The transaction secures the benefits of all 348 scheme members
Transaction secures the benefits of 15,000 pensioners and 21,000 deferred members
Transaction secures the benefits of over 660 retirees and deferred pensioners
Experts urge commission to be ‘bold’ in its recommendations and focus on adequacy
But majority believe trustees should ‘seriously consider’ private markets for most schemes
Deal secures benefits of 1,700 retirees and 3,000 deferred members