Trustees would have limited role in scheme governance if their duties simply include applying the employers' remuneration strategy and always seeking consent for other changes, the Court of Appeal has been told.
Former Pension Protection Fund (PPF) chief executive Alan Rubenstein says he would have liked to see 'more action' on recovery periods for underfunded schemes.
Concluding that the purpose of a pension scheme is not simply to apply the employer's preferred remuneration strategy would result in trustees becoming "paymaster", the Court of Appeal has been told.
In this week's Pensions Buzz, we want to know if you agree with comments made by the Pensions and Lifetime Savings Association, and whether the pensions dashboard is still on track.
The prospect of public sector workers losing some of their pension because of mistakes made by the government is "disgraceful", the Liberal Democrat work and pensions spokesman says.
Regulation aimed at improving the governance of occupational pension schemes has left the sector "regulated to the lowest common denominator" with a "prescriptive and micro-managerial approach".
It is unlawful for the Pension Protection Fund (PPF) to provide compensation equivalent to less than half a member's accrued benefits, an advocate general of the European Court of Justice (ECJ) says.
MPs failed to place legislation into the Financial Guidance and Claims bill that would have made pension guidance default, which Just Group director Stephen Lowe said left a "bitter taste".
It has again been suggested self-employed workers could enjoy pension provision through the tax return process. James Phillips explores the latest proposals
Bus company Stotts Tours (Oldham) faces the prospect of losing its operating licence after deliberately failing to enrol its eligible workers into a pension scheme.