Action urged to tackle sponsors 'milking and dumping' DB schemes
The government should give the regulator more powers to prevent companies from avoiding defined benefit (DB) deficits, according to a Pensions Institute report.
The Milking and Dumping: The Devices Businesses Use to Exploit Surpluses and Shed Deficits in Their Pension Schemes study looked at various ways employers have been able to take advantage of schemes and...
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FRC issues £65k penalty and 'severe reprimand' against Richard Jones over GPG/Coats advice
The Financial Reporting Council (FRC) has imposed a severe reprimand and a financial penalty against Richard Jones in respect of misconduct relating to the actuarial advisory services he provided to Coats Group, the business formerly known as Guinness...
Trustees face court over prohibited employer loans
Two pension scheme trustees face court over allegedly making prohibited employer loans from a company pension scheme to its employer.
DB funding - April 2021: Stable funding means time to reduce risk
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. Here are the April 2021 estimates on the various measures…
FCA proposes Pension Wise nudge for DC savers
Contract-based pension providers could be required to nudge savers to book Pension Wise appointments before accessing their savings.
Industry Voice: How does a DB master trust fit into the consolidation space?
All signs point to imminent and substantial growth in consolidation, according to a range of speakers across the industry, including TPR, at the recent Professional Pensions DB Consolidation Conference.
