NEARLY nine-tenths of pension managers believe government proposals that schemes should commission an independent Myners compliance review to provide assurance to members the principles were being correctly applied are not a good idea, an exclusive survey by Professional Pensions reveals.
Some 88.4pc of PP’s panel of 100 top scheme managers said that the compliance review would simply add further burdens to schemes – with few benefits. Despite this, 8.7pc of respondents said that an...
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