The Pension Protection Fund (PPF) is consulting on changes to the actuarial assumptions it uses in valuations in a bid to better reflect the bulk annuity market, with schemes set to move into surplus on aggregate.
The lifeboat fund is required by law to update the s143 and s179 valuation methods to correlate with bulk annuity pricing. The s143 valuation calculates whether a scheme should enter the PPF following...
The parent of collapsed UK retailer Mothercare has secured a revised payment schedule with its pension scheme trustees and said it is “on track” with its planned recapitalisation.
Only a “comprehensive rethink” will be able to fix the “bloated, inefficient mess” of the current pension tax system, says Hargreaves Lansdown head of policy Tom McPhail.
The Pensions Ombudsman (TPO) has rejected a number of complaints from members of the embattled and collapsed British Steel Pension Scheme (BSPS).
Plenty of risk remains in the Pension Protection Fund's (PPF) universe but the outlook on funding levels is positive, the lifeboat says as it launches its 2019 Purple Book.
A self-sufficiency approach is not riskless and trustees must consider covenant strength and longevity exposure. Chris Ramsey looks at the key considerations of running schemes on.