'Careless' payments pose bridging pensions risk as SPA rises
Trustees who continue to pay bridging pensions beyond age 65 to reflect the rise in state pension age (SPA) could be in breach of trust, according to PTL managing director Richard Butcher.
He also explained trustees could be liable for the extra funding if the employer did not expressly agree to keep paying members after the cut-off point specified in the scheme rules. "The significant...
More on Defined Benefit
FCA issues data request to 65 advisers over Rolls Royce DB pension scheme
The Financial Conduct Authority (FCA) has issued a data request to 65 financial advisers who advised on transfers from the Rolls-Royce defined benefit (DB) scheme.
'Mothballing': A guide for trustees
Jo Myerson looks what trustees should be considering if their sponsor decides to temporarily shut its doors.
How should trustees consider climate risks to sponsor covenants?
UK pension schemes are working hard to counter climate risks across investment portfolios, but the assessment of climate risks to sponsor covenant must be a key focus of schemes’ broader risk assessment, says Michael Bushnell.
Recovery end plan dates lengthened by just one third of DB schemes
Only one third of defined benefit (DB) schemes lengthened their recovery plan end dates in 2019, according to research by Hymans Robertson.
Hargreaves Lansdown remains slowest on pension transfers
Hargreaves Lansdown has been named as the slowest provider to switch pensions through the Origo transfer service.
