Trustees of schemes providing defined contribution (DC) benefits are required to prepare an annual governance statement (known as a ‘Chair’s Statement’) within seven months of the scheme year end. Failure

Being an actuary is the best job you probably haven’t heard of. It is an intellectually challenging, highly respected career path that allows you to apply maths, economics, and risk

In perhaps an ironic twist last month, Northumbria Police was found guilty of not doing enough to protect one of its officers from the risk of becoming the victim of a pension

Pension transfer values as measured by the XPS Pensions Group Transfer Value Index remained stable during July 2018, with the index finishing the month where it started. The index stood

A recent report by insurer Royal London said that homeowners need to save a whopping £260,000 into their pension pot to have a ‘decent’ standard of living in retirement. That

Pension scheme members could run out of money seven years earlier if they have chosen the wrong retirement vehicle under pension freedoms, a report by XPS Pensions Group has warned.

This year has seen many headlines on the surge in members transferring out of occupational pension schemes in the wake of the freedom and choice legislation. Yet there has been

The state pension age is the earliest you are able to claim your pension. However, the age has been gradually rising over the years. It recently has climbed from 65

On 18 June 2018, the Department for Work and Pensions (DWP) published a consultation on proposals to ‘clarify and strengthen’ trustees’ investment duties, including on how they take account of

XPS view 1. Competition is not working effectively. Trustees deserve better information. 2. The proposed mandatory tendering for fiduciary management does not go far enough – to be effective it needs third party