'Careless' payments pose bridging pensions risk as SPA rises

clock

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 signi...

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 Defined Benefit

Tender Watch: Royal London appoints Procentia

Tender Watch: Royal London appoints Procentia

Firm partners with admin company to support BPA solution

Professional Pensions
clock 30 June 2025 • 1 min read
Pension Schemes Bill to unlock potential £600bn superfund market

Pension Schemes Bill to unlock potential £600bn superfund market

LCP says simplified gateway tests open up superfund opportunity to half of schemes

Jasmine Urquhart
clock 16 June 2025 • 1 min read
FIF25: Opportunities with DB pensions

FIF25: Opportunities with DB pensions

No ‘one size fits all’ approach to endgame, with changing allocations within DB schemes

Jasmine Urquhart
clock 04 June 2025 • 1 min read
Trustpilot