This week’s top stories include rumours the chancellor has delayed phase two of the pensions review, confirmation from the government it will not be paying compensation to women against state pension inequality, and a joint industry statement providing an update on the Virgin Media case.
1. Phase two of pensions review delayed by Reeves
Several industry experts have alerted Professional Pensions that chancellor Rachel Reeves has delayed phase two of the pensions review.
2. Government confirms no compensation will be paid to Waspi women over state pension age changes
The government has confirmed it will not be paying compensation to women against state pension inequality (Waspi) women, following the findings of a report by the Parliamentary and Health Service Ombudsman.
3. ACA, APL and SPP issue update on Virgin Media case
The Association of Consulting Actuaries, the Association of Pension Lawyers and the Society of Pension Professionals have issued an update on its progress to help mitigate some consequences from the Virgin Media case earlier this year.
4. PIC teams up with SEI Master Trust to offer bulk DC transfer service
Pension Insurance Corporation has entered into a strategic partnership with SEI to allow trustees the ability to bulk transfer defined contribution pension benefits and additional voluntary contributions into the SEI Master Trust as part of their buyout arrangements.
5. Airways Pension Scheme completes £340m longevity swap with MetLife
The Airways Pension Scheme has secured a £340m longevity swap with the Metropolitan Life Insurance Company.
