The Society of Pension Professionals’ new president, Steve Hitchiner, has demanded greater focus on outcomes for defined contribution scheme members.

Aegon and LCP have issued stern rebukes of the Financial Reporting Council’s proposals for calculating pensions projections for the dashboards, with Aegon arguing that the FRC’s preferred methodology would “damage the whole intention behind dashboards”.

This week – Annuities make a slow comeback, trustees complain TPR’s new single code is causing them anxiety, regulators decide there should be a ‘consistent and structured’ approach to value for money, and a judge invokes a precedent from 1843 in a lawsuit against the USS.

Allocating capital to long-term illiquid assets requires a shift in focus from cost to value, according to panellists at the Pensions and Lifetime Savings Association’s investment conference.

After a decline in annuity sales following the pension freedoms, the market seems to have levelled off with purchases accounting for around 10 per cent of total market share, according to the Pensions Policy Institute. 

On the go: Panellists at the Pensions and Lifetime Savings Association’s investment conference have called for a revised framework for at-retirement guidance to allow trustees to give more support to members considering their options.

The Pensions Regulator and the Financial Conduct Authority are to push for a “consistent and structured” approach in the proposed new value for money framework governing defined contribution schemes, shifting the focus away from costs and towards “long-term value for pension savers”.