The Pension Protection Fund's (PPF) compensation cap and restrictions on annual indexation increases could be at odds with EU law, according to a provisional judgement by the Court of Appeal.
The court's 28 July judgement on Grenville Holden Hampshire vs. The Board of the Pension Protection Fund said these provisions under the Pensions Act 2004 which can result in compensation below 50% guarantee...
The Pension Regulator’s (TPR) strengthened powers under the Pension Schemes Bill could lead to a revival of its clearance process, according to advisers and lawyers.
The long-debated Pension Schemes Bill has received parliamentary approval, guaranteeing its place on the statute book.
Some £20.1bn of defined benefit (DB) pensions were advised to transfer between 2018 and 2020, while £10.2bn were recommended not to transfer, Financial Conduct Authority (FCA) data reveals.
Pension trustees will have much more involvement in business discussions and corporates will need to think more about pensions when the watchdog’s increased powers come into force, LCP says.
Mediation has been under-utilised historically as a means of dispute resolution in this area. Mark Blyth and Geoff Egerton think this is going to change.