There are many, many people who were part of the long journey to make auto-enrolment pensions a reality, transforming the retirement prospects of millions of people in the UK.
Pension are a payment most people receive, in one form or another, once they reach a certain age. But what is a Defined Benefit Pension?
The High Court has ruled that the trustees of defined benefit pension schemes will have to revisit any pension transfers made over the past 30 years, and potentially top-up members’ benefits where guaranteed minimum pay-outs were promised.
“On climate change, there’s a careful balance to be struck between encouraging responsible investment without overstepping the mark and impinging on trustees responsibilities to act in the best interest of members.
There are a number of issues emerging which, if not addressed, could become very problematic in the years ahead.