Just 27 per cent of small defined contribution (DC) pension schemes have an effective system of governance (ESOG) and have completed an own risk assessment (ORA) or governance review, compared with 94 per cent of large DC schemes, according to research from The Pensions Regulator (TPR)

The government's guided retirement proposals have been welcomed by the pensions industry, although concerns were raised about a potential increase in trustee responsibilities, protecting pension freedoms, and the practical challenges of implementation

The Financial Reporting Council (FRC) is consulting on the future development of actuarial standards for defined contribution (DC) pension illustrations, and has published a discussion paper exploring how those standards could support pension illustrations both before and through retirement

The Public Accounts Committee (PAC) has launched a new inquiry into the ongoing administration issues at the Civil Service Pension Scheme (CSPS)

One in five UK workers face risks of inadequate retirement incomes despite relatively high earnings, with employer pension contributions identified as a key factor influencing retirement outcomes, research by the Pensions Policy Institute (PPI) has revealed

The Delcam Retirement Benefits Scheme has completed a £28m full-scheme buy-in with Royal London, securing the benefits of 171 members