Lawyers predict more clashes between the pensions ombudsman and the courts after judges reaffirmed that scheme rules take precedence over booklets and letters to members.
The Court of Appeal overturned a decision by the pensions ombudsman – subsequently upheld by the High Court – in the case of Steria v Hutchinson. The plaintiff, a member of the IT firm’s pension scheme,...
Enhanced powers for The Pensions Regulator (TPR) to prosecute and fine company directors who "wilfully or recklessly" put their defined benefit (DB) pension scheme at risk will be hard to enforce, commentators say.
Melrose has pledged to contribute up to £1bn to GKN's pension schemes as part of a final offer to acquire the engineering business.
Existing master trusts will be forced to pay £41,000 when applying for authorisation under the upcoming regime, the government has confirmed.
UPDATE 2 - DWP publishes DB white paper: Stronger powers for TPR, DB chair statements to be introduced
The Pensions Regulator (TPR) will be given the power to fine company bosses who deliberately puts their defined benefit (DB) schemes at risk, the government has confirmed.