UK - The Employment Service has issued a new guidance on calculating the loss of pension rights.
‘Compensation for loss of pension rights: employment tribunals’ has been prepared by a committee which comprised chairmen of employment tribunals and the government actuary.
The guidance replaces Industrial tribunals: compensation for loss of pension rights which is used by lawyers to calculate claims for pension rights.
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.