Claire Southern thinks we need a new way of addressing defined benefit deficits
UK plc has a major pension problem. The Pensions Institute tells us that 600 pension schemes are at serious risk of entering the Pension Protection Fund (PPF), with another 400 hovering on the edge. The...
This week's top stories included analysis suggesting the British Steel Pension Scheme could have a £2bn surplus, while the Treasury removed its controversial MPAA cut from the Finance Bill.
Members of master trusts will see greater protection as new rules for an authorisation regime and capital adequacy have been signed into law.
Royal Mail has offered its employees a cash balance defined benefit (DB) scheme as a compromise for closing its current career average DB scheme to accrual.
The question of the state pension age will not be answered before the snap general election, the Department for Work and Pensions (DWP) has told PP.