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Pension consultancy Barnett Waddingham has warned that the potential axing of the RPI inflation measure by the government could have ‘seismic’ implications for pension schemes.

Two of the world’s biggest financial businesses are to combine with Aon buying rival Willis Towers Watson for £23bn.

Pension savers are more likely to have a pension than 10 years ago but more are expecting to retire later than their parents’ generation.

Defined benefit pension transfer values rose in February with Coronavirus fears spurring the rise, according to the XPS Transfer Watch Index, a monthly study of transfer values.

The director of a company acting as a trustee for 16 pension schemes has received a £10,000 court fine for failing to hand information to The Pensions Regulator.

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