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Legacy pension schemes must have plans in place for removal of any high charges by end of 2015, according to review

A significant percentage of those saving into older defined contribution (DC) workplace pension schemes are paying annual fees of as much as 3% of the value of their assets under management (AUM), according to the authors of an independent report into so-called... 19 Dec 2014

Creation of central 'Pensions Dashboard' would make it easier for customers to shop around, says FCA

The case for the creation of a central 'Pensions Dashboard', which would allow consumers to see their total state, occupational and personal pension savings in one place, is "getting stronger", according to a report on retirement income in the UK. 12 Dec 2014

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'Pot follows member' automatic pension transfers will get underway in 2016, says minister

A new automatic 'pot follows member' mechanism, through which small workplace pension pots will transfer with the scheme member when that person changes job, is expected to be up and running by autumn 2016, according to the UK pensions minister. 11 Dec 2014

High Court ruling will create new market for pensions debts, says expert

FOCUS: A new market for trading the pension debts of insolvent companies will be created as a result of a recent High Court ruling. The ruling will also result in more efficient, earlier winding up of pension schemes when companies go out of business. ... 04 Dec 2014

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