Accrual rates for Lord Hutton's new public sector schemes could reach 1/80th, with a ‘cost-ceiling' formula across all schemes set to dictate the rate used for specific funds.
Michael Bow's thoughts on public sector reform
A £650m government loan facility for the National Employment Savings Trust will be "unrecoverable" as the agreement allows the terms of the loan to be renegotiated, a lawyer says.
Lord McFall has called for an industry code of practice to establish a normal 0.5% for defined contribution management fees.
Public sector workers are desperate to hold on to their pension packages as morale continues to fall, a Badenoch & Clarke survey reveals.
Providers, advisers and life offices have written to the Treasury pressuring it to allow simpler transfers of assets between savings vehicles.
Councils have been given just six weeks to come up with a package of reforms to slash £900m from taxpayer contributions to the Local Government Pension Scheme.
The government will slow the pace of the 3.2 percentage point increase in employee contribution by phasing it in gradually over three years, Danny Alexander confirms.
Trustees and sponsoring employers could face unpredictable tax charges and complex issues arising from ‘scheme pays' legislation, JLT Benefit Solutions warns.