Proposals for a credit rating override in the Pension Protection Fund (PPF) levy framework could create an uneven playing field and significantly increase levies for big firms, warns Towers Watson.
In a consultation on the levy, which closes today, the lifeboat fund put forward the option of using credit rating agency (CRA) scores where available, instead of its bespoke model. The PPF said this...
The government is looking for a new administrator to service the Royal Mail Statutory Pension (RMSPS) Scheme, the UK's sixth largest public sector pension fund.
A government proposal to limit the right to transfer pension funds amid increasing scam activity has been welcomed by the industry.
Airways Pension Scheme (APS) trustees did not have the authority to make an amendment to the scheme rules, a lawyer for British Airways (BA) has told the High Court.
The government has launched a consultation on banning pensions cold calling and limiting the right to transfer after a rise in scams since the pension freedoms.