The UK’s Financial Conduct Authority has set out plans to tackle unsuitable advice given to those considering transferring out of a defined benefit pension scheme.
Index provider STOXX and defined benefit pensions specialists RiskFirst have jointly launched the iSTOXX RiskFirst LDI index family.
Consultant firm Mercer has revealed that its global assets under delegated management have reached approximately USD213 billion.
Mercer’s Pensions Risk Survey data shows that the accounting deficit of defined benefit (DB) pension schemes for the UK’s 350 largest listed companies decreased slightly from GBP68 billion at the end of September to GBP67 billion on 31 October 2017.
The Bank of England has raised interest rates by a quarter point to 0.5 per cent, the first interest rate rise in a decade.
The Pensions and Lifetime Savings Association (PLSA) has responded to the FCA’s consultation 'Advising on Pension Transfers'. The Association has supported FCA proposals for more broadly-based advice to people considering a transfer out of their DB scheme - but has raised concerns about how the FCA want the information presented.