'Careless' payments pose bridging pensions risk as SPA rises

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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...

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