The Work and Pensions Committee (WPC) is reported to be considering appointing a special panel to help with its inquiry into British Home Stores (BHS).
According to Sky News, Lord Paul Myners, pensions lawyer Robin Ellison and accountancy professor Prem Sikka are tipped to join an advisory panel being organised by chairman and MP Frank Field.
The WPC and Robin Ellison (pictured above) declined to comment and Lord Myners could not be reached by the time of publishing this article.
This afternoon the committee will hear from Pension Protection Fund chief executive Alan Rubenstein, The Pensions Regulator's chief executive Lesley Titcomb, and director of case management Nicola Parish.
The select committee's inquiry is looking into the PPF and pensions regulation, using the case study of BHS which went into administration with a huge pension deficit. The committee will also look at the impact of the BHS liabilities on the PPF if it absorbs the scheme.
Nearly every trustee is confident of the next stage in their scheme’s strategy, despite almost an equal number being forced to consider replacing plans within the prior 12 months, according to research by Barnett Waddingham.
Companies could be overstating their pension liabilities by up to £60bn due to their life expectancy assumptions, according to XPS Pensions Group.
Defined benefit (DB) schemes that provide GMPs must revisit and, where necessary, top-up historic cash equivalent transfer values (CETVs) that have been calculated on an unequal basis, a landmark court judgment said last week.
Regulators must act now to impose some "proper regulation" to stop another defined benefit (DB) transfer advice disaster, saysTim Sargisson.
Opportunities for defined benefit (DB) schemes to pursue investment approaches that help repair the UK’s economy cannot stand in the way of improving member outcomes, Aegon says.