THE Pension Protection Fund will take a formal role in the running of the Financial Assistance Scheme this summer, the department for work and pensions says.
In a letter to the Pensions Action Group – seen by PP – the DWP said it made sense to "explore how the PPF can assist in the new work". The correspondence said: "Subject to the outcome of the consultation...
UK inflation unexpectedly rose to 2.7% in August, beating analysts' expectations of a drop to 2.4% from 2.5% the previous month.
The Pensions Advisory Service (TPAS) helped 187,000 people in 2017/18, a 9% fall on the previous year despite setting up special helplines for specific scheme members.
The Liberal Democrat party has passed a motion pledging to cap tax-free lump sums under Freedom of Choice at £40,000 if elected into government.