Pension scheme members may find themselves in a "race to retire" due to the deferral of new pension guidelines, according to analysis by IFG Corporate Pensions.
According to IFG, more than four out of five defined benefit pension schemes are insolvent and won't have sufficient funds to provide the promised pensions to all employees.
Defined-benefit legislation prioritises the pension benefits of those who have already retired, leaving "little or nothing in the pension pot" for...
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