Financial Assistance Sch-eme payouts are slow because staff lack expertise, a scathing internal investigation by the department for work and pensions claims.
But the DWP also claimed the FAS – which was launched to help members of wound-up defined benefit pension schemes – had not been able to collect data of “sufficient quantity and quality to assess member...
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers