THE CHANCELLOR has boosted the budget of the Financial Assistance Scheme from £2bn to £8bn in his budget.
The scheme – which was set up to help 125,000 people who lost their pensions because of company insolvency – will now give all the workers some help. And the chancellor also announced that the work...
The Co-operative Group's Somerfield Pension Scheme has completed a buy-in with Pension Insurance Corporation (PIC), insuring the benefits of its pensioner members.
Caroline Rookes CBE and Michele Hirons-Wood have joined The Pension Superfund's board of trustees to focus on maintaining governance standards and safeguarding member benefits.
The first specialist independent firm advising pension schemes on bulk annuities or moving to a consolidator has been set up with ambitions to shake up the market.