Legislation will be drawn up to allow Pension Protection Fund compensation to be shared on divorce, the government says.
Provision for sharing on divorce was not included when the PPF was created in the Pensions Act 2004. But ministers have agreed to tackle the issue following lobbying led by the Equal Opportunities Commission....
A buyout tool which provides schemes with up-to-date pricing and comparisons between insurers has been launched by JLT Employee Benefits.
The DB white paper sets out plans to review the funding regime, with 'prudent' and 'appropriate' possibly redefined. But James Phillips asks if this could this signal a return to an MFR-like approach?
The trustees of GKN's pension schemes have agreed a package of mitigation measures that would improve funding to a "more prudent level" if Melrose's offer is accepted by shareholders next week.
While the new powers are welcome, most respondents doubt it will make a difference to the outcomes for members, Pensions Buzz respondents say.