The Universities Superannuation Scheme will launch a separate section of its scheme on 1 October to enroll members in its new career average arrangement .
The new section of the £30bn defined benefit scheme - to be called the ‘career revalued benefits' section- will sit alongside current final salary arrangements for existing staff and use the same governance,...
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