The trustee of the T&N Retirement Benefit scheme has denied it has the power to boost benefits for members who are subject to the Pension Protection Fund compensation cap.
The scheme was bought out of PPF assessment last week in a £1.1bn bulk annuity deal which guaranteed PPF-level benefits – 90% for those below normal retirement age and 100% for those above – for th...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership, providing you access to:
- 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
