The Pensions Ombudsman (PO) has ordered Fidelity Investments and Towers Watson to compensate a scheme member who lost out due to a "needless delay" of his transfer request.
PO Tony King said they would have to pick up the cost of backdating investments that were reduced as a consequence of the delay, in addition to paying £100 each for the "distress and inconvenience" caused....
Lewys Curteis looks at what the changes to the PPF’s levy rules mean for schemes over the long-term.
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