10 weeks is appropriate for DB to DC transfer, say respondents
This week's Pensions Buzz respondents were mostly in agreement that 10 weeks is an appropriate length of time to conduct a full DB to DC transfer.
The 111 participants also answered questions on smaller scheme consolidation, the NHS Pension Scheme tax rules, and smaller scheme governance. Read the results in full. The majority of respondents...
More on Defined Benefit
TPR further delays DB funding code consultation until 'things have settled down'
The Pensions Regulator (TPR) will now seek to publish the first of two consultations on a revised defined benefit (DB) funding code in the new year, depending on the political environment.
NEST grows membership by nearly 30% in one year
The number of members to have ever used NEST rose by 28% over the 2018/19 fiscal year to 31 March, according to its research arm, NEST Insight.
A closer look at flexible apportionment arrangements
Flexible apportionment arrangements have become a commonly used tool for employers but, as Andy Lewis says, there can be issues for the unwary.
LEBC valuation slashed by a third after withdrawal from transfer market
LEBC’s majority shareholder B.P. Marsh & Partners has reduced the valuation of its holding in the group by 33%, following its withdrawal from the defined benefit (DB) transfer market.
PPF now paying higher compensation to all members affected solely by caps
The Pension Protection Fund (PPF) has begun increasing payments to all pensioner members whose compensation falls below 50% of their pre-insolvency entitlements solely due to caps.