UK - Scottish Equitable has slammed the government for failing to tackle pension issues that are now more than 10 years old.
Scottish Equitable’s pensions development director Stewart Ritchie – who has marked the the 10th anniversary of his Ritchie Papers - claims the current funding crisis was recognised in his first edition.
He said: “Ten years on, we are still talking about the crisis in final salary scheme funding.
“The difference today is that, by all reasonable measures, the crisis is very much worse.”
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