Some of the government's proposals to change benefits at the British Steel Pension Scheme (BSPS) involve "significant risks for relatively limited gains" according to the Pensions Protection Fund (PPF).
In its response to the government's consultation which ends tomorrow, the PPF assessed the four proposals being considered to save Tata Steel UK. It comes on the back of concern over two of the options...
The sponsoring employers of the UK’s largest pension schemes may have to put an additional £40-£45bn into their schemes over the next decade, Lane Clark & Peacock (LCP) warns.
Caroline Kurup explores the latest TPR guidance on superfund transfers and what scheme trustees should be considering
Pension scheme trustees and sponsors should only seek to transfer members’ benefits to a defined benefit (DB) consolidator if there is no “realistic prospect of buyout in the foreseeable future”, The Pensions Regulator (TPR) says.
Guy Opperman says two page, simpler statements as well as an annual ‘season’ in which to issue them could be transformative steps for the UK pensions industry
A second pensions bill is likely during the “life of this parliament”, according to pensions and financial inclusion minister Guy Opperman.