UK - A trade union has called on the Conservative Party to clarify its policy on retrospective compensation.
The ISTC fears the Tories may be “playing politics with people’s pensions” after they failed to confirm whether they will support an amendment on compensation during the third reading of the Pensions Bill.
The ISTC points out the Tories had supported an amendment tabled by Labour MPs during the Pensions Bill standing committee which proposed using taxpayers’ money to compensate workers.
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers