Automatic enrolment has massively boosted pension savings in the UK, but despite its success, members remain unengaged and pension pots woefully underfunded, according to a new study by Professional Pensions and LexisNexis® Risk Solutions
While the new powers are welcome, most respondents doubt it will make a difference to the outcomes for members, Pensions Buzz respondents say.
Frank field is a good thing for pensions and the government will make the necessary legislative changes to allow CDC, according to industry
More than 25,000 steelworkers did not return their 'options forms' and as a consequence will remain in the current British Steel Pension Scheme (BSPS) for now, to move into the Pension Protection Fund (PPF) at the end of March.