Steve Webb has said the government will not give private sector schemes the power to override scheme rules to shift from RPI to CPI indexation.
In a speech to the House of Commons today, Webb announced industry-wide consultation on the RPI to CPI switch but - contrary to industry expectations - said schemes whose rules specifically state RPI indexation...
The Pension Protection Fund (PPF) is consulting on proposals to charge a "risk reflective" levy for commercial defined benefit (DB) consolidation vehicles.
The funding gap across FTSE 350 schemes could be slashed by as much as £275bn if schemes look beyond traditional ways of creating value. Victoria Ticha examines how
There will be "many flavours" of defined benefit (DB) consolidators but consolidation will only be the right answer for a minority of schemes, Alan Rubenstein says.
Work and Pensions Committee (WPC) chairman Frank Field has questioned the regulator on what lessons it can learn from the experience of the Kodak Pension Plan No.2 (KPP2).