Plumbing Pensions seeks approval to fund legal battles for s75 non-payments
The trustees of the £2bn Plumbing and Mechanical Services (UK) Industry Pension Scheme are seeking court approval to use scheme funds in potential upcoming legal battles.
The 40,000-member multi-employer scheme is in the process of recovering section 75 debts from employers, some of whom are on the hook for orphan liabilities on a buyout basis. Orphan liabilities are left...
More on Defined Benefit
DB funding - April 2021: Stable funding means time to reduce risk
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. Here are the April 2021 estimates on the various measures…
Industry Voice: How does a DB master trust fit into the consolidation space?
All signs point to imminent and substantial growth in consolidation, according to a range of speakers across the industry, including TPR, at the recent Professional Pensions DB Consolidation Conference.
TPR and PPF launch joint consultation on DB data
The Pensions Regulator (TPR) and the Pension Protection Fund (PPF) have launched a joint consultation on the proposals to update the asset information collected from defined benefit (DB) pension schemes.
PPF confirms changes to s143 and s179 assumptions
The Pension Protection Fund (PPF) has confirmed several changes to its actuarial assumptions under various bases as part of a regular review, broadly improving the lifeboat fund’s view of scheme funding.
LCP: DC cannot bridge the gap DB will leave; men to feel the pinch
It will take too long to save into defined contribution (DC) pensions to keep retirement savings steady and offset the loss of defined benefit (DB) income, according to Lane Clark & Peacock (LCP).
