Trustees risk being held personally liable for pension scheme failures from next week unless an urgent review of protection measures is undertaken, a law firm warns.
Hammonds believes scheme trustees could be exposed to unnecessary liabilities unless they take account of the restrictions contained in the new Companies Act 2006 – which comes into force on October 1....
Kim Gubler says it is time that schemes and administrators reassess SLAs and look at what real people need from their pension schemes and when
The Pensions Regulator (TPR) is focusing on reducing the number of "poorly-run" schemes as it seeks to improve standards across the board.
Prudential Retirement has completed around $2.6bn (£2bn) of reinsurance contracts for UK pension scheme longevity risk since the start of the year, it has disclosed.
Funding standards for DB schemes have increased exponentially over the past decades. Con Keating says such significant overstatement of liabilities will lead to pushback through the courts.