GOVERNMENT moves to speed up wind-ups will have little impact until schemes know the effects of the landmark Dubery ruling, actuaries warn.
First Actuarial director Alan Smith said the June judgement in the Trustee Solutions vs Dubery case threw doubt on how some schemes should distribute benefits during wind-up. The judge ruled a scheme member...
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