The Pension Protection Fund will use scheme investment risk for the first time to calculate the levy from 2012/13, it announced today.
The lifeboat fund said considering the investment risk of a scheme's portfolio when calculating the levy will give it a better handle on the differences in risk posed by schemes' investment strategies....
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.