A ‘No' vote in the EU referendum could be risky for schemes but it would remove the threat of the holistic balance sheet (HBS), says PTL.
The industry has been worried for years that an EU-wide HBS could be introduced, with a consultancy revealing last year that it would increase FTSE 350 defined benefit (DB) deficits 20-fold. PTL client...
Advice giant Quilter has set aside £24m to compensate British Steel workers advised to transfer out of their defined benefit (DB) pensions by Lighthouse, doubling its previous redress provisions.
More than half of respondents to a Professional Pensions survey would like to see the government launch a small pots taskforce to stop them undermining the success of auto-enrolment (AE).
Defined benefit (DB) schemes will have to wait an extra year and a half on average to agree a buyout compared to their pre-Covid-19 endgame journey plans, Barnett Waddingham estimates.
Halal investment specialist Wahed Invest and independent pension provider Options UK will launch a fully-diversified Halal Workplace Pension (HWP) following burgeoning demand from British Muslims for Sharia-compatible retirement products.
ITV has submitted a £31m offer to The Pensions Regulator (TPR) for the Box Clever Pension Scheme after being forced to set out how it would financially support the scheme following a lengthy court process.