The Pensions Regulator's plans to revise clearance procedures for defined benefit schemes will cause more confusion, the Society of Turnaround Professionals says. And it says with current turbulence in credit markets, confusing guidance would reduce the chances of company survival.
The STP – responding to the regulator’s consultation on the clearance guidance proposals – said it was principally concerned about disincentives to investors to provide finance to sustain troubled companies...
The Pensions Regulator (TPR) has set out plans to use "new regulatory initiatives" with over 1,000 schemes as it aims to tighten its regulatory grip and boost member outcomes.
HM Revenue and Customs (HMRC) has announced it is delaying the provision of data that will enable pension schemes to confirm the guaranteed minimum pension (GMP) benefits to pay to members until the end of the year.
This week's top stories include an article on climate activists from Extinction Rebellion crashing the PLSA's local authority conference, and an in-depth piece on the Court of Appeal's ruling on the BIC UK Pension Scheme case.
Engagement in pensions is rising but there are still a number of barriers to overcome. Natanje Holt looks at the key issues that need to be tackled