The National Union of Journalists (NUJ) will appeal the Pensions Ombudsman's (PO) decision that the BBC did not breach its implied duty when putting in place an annual pensionable pay cap of 1%.
Last month, the PO Tony King ruled that the BBC's conduct during the imposition of the cap did not constitute action that was "calculated to destroy or seriously damage the relationship of trust and confidence"...
Caroline Kurup explores the latest TPR guidance on superfund transfers and what scheme trustees should be considering
Pension scheme trustees and sponsors should only seek to transfer members’ benefits to a defined benefit (DB) consolidator if there is no “realistic prospect of buyout in the foreseeable future”, The Pensions Regulator (TPR) says.
Guy Opperman says two page, simpler statements as well as an annual ‘season’ in which to issue them could be transformative steps for the UK pensions industry
Regulatory guidance “could set too high a hurdle” for superfunds, Lane Clark and Peacock (LCP) warns.
Around one in 25 pension schemes have made use of regulatory easements to deficit recovery contribution (DRC) payment schedules, according to The Pensions Regulator (TPR).