UK businesses have a "severe competitive disadvantage" compared with those in Europe due to weaknesses in the private and state pensions system, an Aon Consultants report reveals.
The consultant's European business leaders survey revealed the financial crisis has highlighted the disparity in pension models across Europe, depending on where companies' pension liabilities are based....
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