DWP 'exploring' ways to extend 50% benefits to FAS solvent schemes
The government is seeking ways to ensure "parity" of compensation treatment between Financial Assistance Scheme (FAS) members from solvent and insolvent schemes.
The Department for Work and Pensions (DWP) said it was "currently exploring what changes" will need to be made to existing legislation to ensure all FAS members receive at least 50% of their entitlements....
More on Law and Regulation
What trustees looking to transfer to superfunds should consider
Caroline Kurup explores the latest TPR guidance on superfund transfers and what scheme trustees should be considering
Schemes must meet three gateway principles for superfund transfers
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.
EXCLUSIVE - Guy Opperman: Why we are consigning dozen-page pension statements to the dustbin
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
Second pensions bill expected in this parliament
A second pensions bill is likely during the “life of this parliament”, according to pensions and financial inclusion minister Guy Opperman.
Guy Opperman: Debate on AE contribution rates could take place in 2021
A “legitimate debate and discussion” is needed over future auto-enrolment (AE) contribution rates, says Guy Opperman, and that could take place next year.
