NEW age discrimination regulations will cause more scheme uncertainty because they are being introduced too soon after A-Day, the National Association of Pension Funds claims.
NAPF pensions and benefits policy adviser Ken MacIntyre told PP that hasty implementation of the rules – due to come into force on October 1 – would create a “law by litigation” effect on pension schemes....
More needs to be done to speed up DB to DC transfers but, as Jonathan Stapleton says, more also needs to be done to protect members.
The Pensions Ombudsman (TPO) took on 2,566 early resolution cases in 2018/19 after onboarding a team from The Pensions Advisory Service (TPAS), according to its annual report and accounts.
The lifeboat fund is in a good position despite reserves taking a £0.6bn hit. But the ramifications of the EU judgment on member compensation is an area of concern for CEO Oliver Morley, writes Stephanie Baxter