THE AMOUNT the deputy prime minister has made in the last year and a half is more than the Financial Assistance Scheme has paid out to scheme wind-up victims so far, the Liberal Democrats reveal.
The Liberal Democrats released the comparative figures to highlight the “incompetence” of the scheme, which has paid out money to just 113 out of 125,000 since it was set up in 2004 – some 20 months ago....
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers