An ‘unusual' ruling where the Pension Protection Fund ombudsman upheld part of a trustee board's complaint should not give schemes hope for levy recalculations, LCP says.
The consultant said the decision, concerning the Michelin multi-employer pension scheme, was out of the ordinary but it appears the PPF remained “bullet proof” on levy challenges. It explained that...
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.