Change to statutory indexation and scheme valuation method needed, WPC told
The Pensions Regulator (TPR) needs a more preventative and flexible approach to protect the Pension Protection Fund (PPF), the Work and Pensions Committee (WPC) has been told.
Cardano made the recommendation in its response to the select committee's inquiry into regulation of defined benefit (DB) schemes. It said this would reduce the chance of the lifeboat fund being overwhelmed...
More on Defined Benefit
DB funding - April 2021: More schemes in surplus than in deficit, says PPF
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. Here are the April 2021 estimates on the various measures…
DB inflexibility stifling retirement saving prosperity
Defined benefit (DB) savers may be accumulating too much in pension savings too soon, taking away from other financial priorities and choices, according to the Institute for Fiscal Studies (IFS).
FRC fines Haysmacintyre and partner over audit failures
Haysmacintyre and audit engagement partner David Cox have been fined by the Financial Reporting Council (FRC) for a series of audit failures at Associated British Engineering.
FRC issues £65k penalty and 'severe reprimand' against Richard Jones over GPG/Coats advice
The Financial Reporting Council (FRC) has imposed a severe reprimand and a financial penalty against Richard Jones in respect of misconduct relating to the actuarial advisory services he provided to Coats Group, the business formerly known as Guinness...
Trustees face court over prohibited employer loans
Two pension scheme trustees face court over allegedly making prohibited employer loans from a company pension scheme to its employer.
