DB schemes' 'slow' response time delaying pension transfers
DB schemes take 'up to three months' to respond
Members who request information on their assets in defined benefit (DB) schemes are being forced to wait up to three months for the facts, Portal Financial has said.
The at-retirement adviser said defined contribution (DC) savers were waiting for about five weeks for information. Its analysis covered 12,852 requests for information made by Portal Financial on behalf...
More on Defined Benefit
Mothercare secures revised payment schedule with pension trustees
The parent of collapsed UK retailer Mothercare has secured a revised payment schedule with its pension scheme trustees and said it is “on track” with its planned recapitalisation.
Hargreaves Lansdown: Pension tax system a 'bloated, inefficient mess'
Only a “comprehensive rethink” will be able to fix the “bloated, inefficient mess” of the current pension tax system, says Hargreaves Lansdown head of policy Tom McPhail.
Ombudsman rejects complaints against British Steel trustees
The Pensions Ombudsman (TPO) has rejected a number of complaints from members of the embattled and collapsed British Steel Pension Scheme (BSPS).
Purple Book reveals DB risk up but PPF 'bigger and stronger than ever'
Plenty of risk remains in the Pension Protection Fund's (PPF) universe but the outlook on funding levels is positive, the lifeboat says as it launches its 2019 Purple Book.
The challenges of a self-sufficiency approach
A self-sufficiency approach is not riskless and trustees must consider covenant strength and longevity exposure. Chris Ramsey looks at the key considerations of running schemes on.
