The NAPF's consultation response also argues that if EIOPA's plans were to go ahead, they should apply to future accruals only and there should be a long transition period before any implementation, in order to mitigate the impact of the Holisti
British over-50s travel and insurance company Saga is forming a joint venture with Tilney Bestinvest, a UK-based investment and financial planning firm, as pension reforms put pressure on insurance companies to find new business.
Last week Tesco hit the headlines as the last FTSE 100 company to announce plans to close its defined benefit pension scheme to new employees, as well as closing the scheme to its 200,000 existing UK employees.
This update looks at employer insolvency risk, last man standing schemes and contingent assets, following the publication of the Pension Protection Fund's Levy Estimate for the 2015/16 levy year.
Tonight's episode of Dispatches, titled 'How to blow your pension', will warn how a raft of dodgy firms will target over-55s' private pension savings from April