The Pension Protection Fund (PPF) has helped block the sale of a packaging firm after a potential buyer initiated plans to drop its pension scheme obligations.
According to Sky News, trustees of the scheme at Pulse Flexible Packaging stopped an unnamed buyer from taking over the company at the beginning of April. Administrators KPMG had to be called in after...
The Pensions Regulator (TPR) has banned two trustees after they lost over £15m of members' funds in unregulated investments.
Clarity over the controversial money purchase annual allowance is needed after it was removed from the Finance Bill, according to Pensions Buzz respondents.
Frank Field is pressing Sir Philip Green to publish undisclosed details about the settlement he reached with The Pensions Regulator (TPR) on British Home Stores (BHS) at the end of February.
The Department of Work and Pensions (DWP) will amend legislation to allow contracted-out benefits to be transferred into a scheme which has never been contracted-out.