The Pensions Ombudsman (PO) has ordered a deferred member of the Royal Mail Statutory Pension Scheme to return an overpayment of £2,152 resulting from an administrative error.
Deputy PO Jane Irvine (pictured) accepted that the scheme's administrator the Pensions Service Centre (PSC) failed to alert the complainant Steve Hudson to the overpayment in a timely manner. But she...
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.
A “legitimate debate and discussion” is needed over future auto-enrolment (AE) contribution rates, says Guy Opperman, and that could take place next year.