Allowing struggling defined benefit (DB) schemes to temporarily stop paying pension increases could help them get back on track while avoiding huge cuts to members' pensions.
It comes amid growing calls to allow schemes whose rules do not enable them to ditch the Retail Prices Index (RPI) as an inflation measure for annual increases to move to the generally lower Consumer Prices...
Only one third of defined benefit (DB) schemes lengthened their recovery plan end dates in 2019, according to research by Hymans Robertson.
Hargreaves Lansdown has been named as the slowest provider to switch pensions through the Origo transfer service.
Caroline Kurup explores the latest TPR guidance on superfund transfers and what scheme trustees should be considering
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.
Guy Opperman says two page, simpler statements as well as an annual ‘season’ in which to issue them could be transformative steps for the UK pensions industry