Government should address current insolvency laws to stop pension schemes becoming "super-creditors" following the Nortel and Lehman Brothers ruling, the Confederation of British Industry says.
The employer group said the ruling - which upheld The Pensions Regulator's financial support direction against the insolvent companies - muddles the creditor status of schemes and could make it harder...
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.