[ad_1] Delegates at the Pensions and Lifetime Savings Association’s (PLSA) annual conference in Liverpool heard experts discuss the role of trustees across the industry. Harus Rai, managing director at Capital Cranfield and chair of the Association of Professional Pension Trustees, said the landscape for trustees had improved vastly since the Maxwell scandal in the 1990s,…
[ad_1] Under CDC schemes, employers and employees pay a fixed rate of contributions, collected in a manner similar to defined contribution schemes. Benefits are paid with a target in mind, similar to defined benefit schemes, but with the prospect of variable increases — and the possibility of decreases. The aim is to provide a pension…
[ad_1] In his foreword, Opperman wrote that the new regulations “will be a huge step forward in providing a major enhancement to the existing occupational pensions landscape, and a third way forward between traditional defined benefit and post 2012 defined contribution schemes”. He continued: “By allowing pension scheme members to share investment and longevity risk,…