UK - The Pension Protection Fund (PPF) has launched a consultation to equalise compensation it gives to men and women.
The organisation has developed a PPF-specific solution to ensure all members would receive the same overall compensation where it would otherwise have been unequal due to differences in guaranteed minimum pensions (GMPs), brought about by differences in state retirement age.
Martin Clarke, director of financial risk, PPF, said: "We believe we have come up with a workable solution tailored to pension schemes being assessed for entry into the PPF now and in the future. This is something we have to do by law."
"We are determined to ensure that ours is a pragmatic solution which will minimise the extra burden we know this is likely to place on trustees as they take their schemes through the assessment process.
"We have strived to strike the right balance between the cost of achieving this solution and ensuring fairness for all our members. We now want to hear people's views on our proposed way forward," Clarke concluded.
The PPF will be consulting on its solution during the next three months before finalising its proposals.
Royal London saw its new group pension business decline over the first half of 2018 as the rollout of auto-enrolment (AE) drew to a close, according to its interim results.
Now Pensions has made "huge progress" in resolving legacy administration issues - switching systems and completing unit adjustment for a "large proportion" of members, it says.
Trustees of the Airways Pension Scheme (APS) will not make a firm decision on whether to appeal the Court of Appeal's judgment on discretionary increase payments until September.
Accountant Hashmukh Shah has pleaded guilty to deliberately providing false information to The Pensions Regulator (TPR) when stating a pension scheme had been set up for staff of a London-based restaurant.