UK - Retained firefighters will be allowed to join the Fire-fighters' Pension Scheme for the first time under new government proposals.
The Office of the Deputy Prime Minister is consulting with the Fire Brigade over a range of proposed amendments to the Firefighters’ Pension Scheme, part of which includes granting full pension rights to thousands of part-time staff.
Retained fire-fighters can be on call for up to 120 hours a week and are paid an annual retainer of £2500 and receive a further £14.70 each time they are called out.
But the terms and conditions offered to the 14,000 part-time staff have been criticised in recent years by the Fire Brigades’ Union, which claims they should be entitled to the same pension and sick pay provision as full-time staff.
The ODPM consultation will start in October and will run for three months.
The trustees of the Kodak Pension Plan No.2 (KPP2) have said it will likely enter the Pension Protection Fund (PPF) in "due course" after reviewing the scheme's investment in Kodak Alaris.
A US company has completed a £285m pensioner bulk annuity for around 1,100 of UK members with Legal & General (L&G).
Former BHS chief Dominic Chappell has been accused of trying to rewrite history as he seeks to overturn a conviction for failing to hand over information to the regulator.
The Pensions Regulator (TPR) will double down on its supervision with hundreds of schemes expecting increased oversight, while more than 60 will be subject to dedicated, one-to-one supervision.