TPR intervention leads to wind up of Polestar Pension Scheme

Jonathan Stapleton
clock

The trustees of the Polestar Pension Scheme are set to wind up the fund after The Pensions Regulator advised continuation would not be in the interest of members.

The move comes after the regulator allowed the separation of the Polestar scheme from its sponsor in 2006 in exchange for a promise to pay £45m over a period of 12 years. However, in the interve...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Buzz: Is pensions adequacy the challenge of our time?

Buzz: Is pensions adequacy the challenge of our time?

Pensions adequacy challenge, IHT on pension pots and means-tested state pension

Professional Pensions
clock 18 August 2025 • 1 min read
Aviva launches guaranteed fixed term annuity

Aviva launches guaranteed fixed term annuity

Annuity will offer members a guaranteed income over a fixed term from three to 25 years

Martin Richmond
clock 18 August 2025 • 1 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Rolls-Royce and PIC agree £4.3bn buy-in, seven LGPS funds intend to join Border to Coast, IHT on pensions pre-55 slammed

Professional Pensions
clock 15 August 2025 • 1 min read
Trustpilot