Budget 2018: PPF and schemes to fall in insolvency priority ladder
Defined benefit (DB) schemes and the Pension Protection Fund (PPF) are set to receive even less in sponsor insolvencies as the Treasury moves the taxman higher up the repayment ladder.
From April 2020, HM Revenue and Customs (HMRC) is to become a ‘preferential creditor' under plans announced in the Budget yesterday (29 October), moving from the ‘unsecured creditor' category it currently...
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DWP confirms general levy hike from April; Option one chosen
The Department for Work and Pensions (DWP) has confirmed that it will increase the general levy pension rates from April 2021 in line with its preferred option.
CMI finds modest fall in cohort life expectancy after zero-weighting Covid data
The Continuous Mortality Investigation (CMI) has found a lower cohort life expectancy for both men and women in its 2020 table, even after zero-weighting data related to Covid.
DWP delays consultation response on trustee oversight of investment consultants
The Department for Work and Pensions (DWP) has delayed further a consultation response and final regulations to enact requirements relating to investment consultants.
Pensions minister sets out timetable for Pension Schemes Act regulations
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What a ban on corporate directors could mean for schemes
Shane O'Reilly and Julia Chirnside look at how a government proposal could put professional trustees in breach of the law.
