UK - Liberal Democrats want employees to have greater protection from pension scheme closures.
The party’s work and pensions spokesman Steve Webb spoke out amid growing fears that workers in companies with underfunded pension schemes could be at risk of losing part of their pension should their employer become insolvent.
He said workers’ rights are “woefully inadequate”.
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.