Government plans to increase employee contributions for state workers will lead to the collapse of public sector pension schemes, union bosses warn.
Unison say the results of a poll - conducted by YouGov - showing 58% of public sector workers would leave their pension scheme if the government upped employee contributions by 150% was evidence schemes...
More needs to be done to speed up DB to DC transfers but, as Jonathan Stapleton says, more also needs to be done to protect members.
The Pensions Ombudsman (TPO) took on 2,566 early resolution cases in 2018/19 after onboarding a team from The Pensions Advisory Service (TPAS), according to its annual report and accounts.
The lifeboat fund is in a good position despite reserves taking a £0.6bn hit. But the ramifications of the EU judgment on member compensation is an area of concern for CEO Oliver Morley, writes Stephanie Baxter