Actuarial inequality in the pensions industry

The UK enjoys a fairly competitive market for actuarial services but it appears that not all schemes are feeling the benefit. According to KGC Associates’ Fifth Actuarial Fee Survey, annual fees for schemes of all sizes fell in 2014 after several years of rising costs for most. However, an ingrained inequality remains. To read more, please click here

The holes in DWP’s auto-transfer plans

The Department of Work and Pensions (DWP) revealed its plans to consolidate small pots when savers moved jobs on 11 February. It confirmed it was going ahead with its preferred system of a pot follows member arrangement. The timetable is for the initial phase of pot-matching to be in place by autumn 2016, which DWP believes should give the industry time to develop any new systems required. To read more please click here

PMI announces Award winners at Annual Dinner

The Pensions Management Institute (PMI) announced Lesley Carline and Stephanie Hawthorne as the winners of this year’s Awards at its Annual Dinner, held at the prestigious Dorchester Hotel in London last night. Carline, Director at KGC Associates Ltd. was awarded the ‘Contribution to the PMI’ award and Hawthorne, Editor at Pensions World, won the ‘Contribution to the Pensions Industry’ Award. To read more, please click here