The FSA has signalled it will take a hard line on corporate advisers who have been splitting commission on group pensions with the sponsoring employer.
The funding shortfall faced by the UK’s biggest pension schemes has soared to £100 billion and looks set to get worse during the coming year, research has suggested.
Australia’s pension industry will need to compete for a smaller fee pool if lawmakers implement a new standardized fund recommended by a government-commissioned review, Superannuation Minister Chris Bowen said.
The safeguards expected from ring-fencing pension assets may not work as expected in certain situations or countries, raising potential risks for cross-border pension provision, CEIOPS has warned.
Are you old enough to remember when people used to say: “pensions are boring”? If the answer is “yes” then the good news is that you may avoid the worst of the drastic changes the government will be forced to announce soon – possibly beginning as early as the emergency budget next Tuesday.
Unions are calling on the world’s largest broadcasting organisation to keep their pension schemes intact.
FRANCE’S GOVERNMENT will unveil its planned reform of the pensions system tomorrow, looking to convince investors it is serious about adjusting state finances while hoping to avoid war with unions.