ASSETS from under funded schemes in wind-up could be used as an extra source of compensation for scheme wind-up victims under proposals to be considered by a government review.
Pensions minister John Hutton said the new review would examine how to “best use of the assets in pension schemes that are winding-up under funded with an insolvent employer.” It will also determine...
The secretary of state for work and pensions has told MPs clawback and avoidance measures could be imposed for the people responsible for driving Carillion over the cliff.
Occupational pension provision has continued to grow in value, but there remains large variance in incomes across the pensioner age group, according to latest government data.
Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.