The government is on track to begin paying compensation to Equitable Life victims before the end of June, financial secretary to the Treasury Mark Hoban confirms.
Hoban (pictured) pledged in July 2010 the payment scheme would begin by the middle of 2011. In the October Spending Review, George Osborne said the government would pay a total of £1.5bn in compensation...
This week’s top stories included the launch of Punter Southall’s defined benefit scheme consolidator, while The Pensions Regulator laid down three ‘gateway principles’ for superfund transfers.
Escalating standards for sole trustees will become a norm for reputable firms, even if they are voluntary, says Nigel Hill.
Sole trustees will be expected to assess whether to report to The Pensions Regulator (TPR) if they are removed, or resign, from an appointment because of sponsor’s actions.
Overall mortality remains in line with pre-coronavirus trends despite a recent increase in Covid-19 related deaths, according to the Continuous Mortality Investigation (CMI).
Aon has been re-appointed by the £400m ITN Pension Scheme to provide fiduciary management services.