Five stories you may have missed this week
This week's top stories included coverage of the much-anticipated defined benefit (DB) white paper and the sector's reaction.
Also, former Pension Protection Fund (PPF) chief Alan Rubenstein announced he has launched a DB consolidator, and GKN has criticised Melrose for "misleading" claims relating to the former's DB liabilities.
1) DWP publishes DB white paper: Stronger powers for TPR, DB chair statements to be introduced
The Pensions Regulator will be given the power to fine company bosses who deliberately puts their defined benefit schemes at risk, the government has confirmed.
2) Alan Rubenstein launches ‘Pension Superfund' DB consolidator
DB schemes are to be offered a new consolidator as the former chief of the PPF launches 'The Pension SuperFund'.
3) GKN slams Melrose for ‘misleading' claims over £3bn pension liabilities
GKN has slammed Melrose for making 'misleading' comments relating to the engineering giant's two UK DB schemes.
Enhanced powers for The Pensions Regulator to prosecute and fine company directors who "wilfully or recklessly" put their defined benefit pension scheme at risk will be hard to enforce, commentators say.
5) UUK confirms setup of independent panel to review USS valuation
An independent expert panel will be commissioned to review how the £6.1bn funding deficit figure for the Universities Superannuation Scheme was reached, Universities UK has announced.
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