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Third of schemes using GMP to improve member options

News analysis, case studies and informed comment on the challenges facing UK pension schemes, from Pensions Expert, a DG Publishing service

Exclusive: Member support increasing via GMP process

Pension schemes are using the GMP process to improve members’ retirement experience, according to Aon.

Aon: Need for journey planning becoming clearer

Aon: Need for journey planning becoming clearer
professionalpensions.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from professionalpensions.com Daily Mail and Mail on Sunday newspapers.

Schemes ditch annuity brokers in favour of whole of market IFAs

Schemes ditch annuity brokers in favour of whole of market IFAs Pension schemes are increasingly seeking to provide additional support to members at retirement through online modellers and regulated financial advice, Aon says. Half of schemes are including transfer values in retirement packs, or shortly plan to, the consultancy s survey found, while annuity brokers are being shown the door. Just a handful of the 316 UK schemes captured in Aon s Member Options Survey were now offering support at the basic minimum required by the law. Related articles One in ten schemes now provide defined contribution (DC) members with fully paid-for or subsidised access to independent financial advisers with many looking to replace old style annuity brokers.

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