PPF in discussions with BHS over DB scheme
The Pension Protection Fund (PPF) is in talks with British Home Stores (BHS) over transferring its 20,000 pensioners into the rescue agency.
The Financial Times reported that officials were asking Sir Philip Green who sold the retailer last year to contribute to the defined benefit pension scheme which has a deficit of more than £200m. News...
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Recovery end plan dates lengthened by just one third of DB schemes
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Hargreaves Lansdown remains slowest on pension transfers
Hargreaves Lansdown has been named as the slowest provider to switch pensions through the Origo transfer service.
What trustees looking to transfer to superfunds should consider
Caroline Kurup explores the latest TPR guidance on superfund transfers and what scheme trustees should be considering
Schemes must meet three gateway principles for superfund transfers
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.
