The Pension Protection Fund has confirmed it will not adjust its valuation assumptions in respect of Section 143 and Section 179 valuations.
The valuation under s143 determines whether the scheme has sufficient funds to pay at least the PPF levels of compensation - when the PPF assumes responsibility for the scheme. While s179 requires schemes...
Royal London saw its new group pension business decline over the first half of 2018 as the rollout of auto-enrolment (AE) drew to a close, according to its interim results.
Now Pensions has made "huge progress" in resolving legacy administration issues - switching systems and completing unit adjustment for a "large proportion" of members, it says.
Trustees of the Airways Pension Scheme (APS) will not make a firm decision on whether to appeal the Court of Appeal's judgment on discretionary increase payments until September.
Accountant Hashmukh Shah has pleaded guilty to deliberately providing false information to The Pensions Regulator (TPR) when stating a pension scheme had been set up for staff of a London-based restaurant.