Bookmaker William Hill has halved its £30m defined benefit deficit since the start of the year after ceasing future accrual in March, its interim results reveal.
The company said £3m of that reduction was down to the switch from the Retail Prices Index to the Consumer Prices Index for future benefit indexation. Results showed the scheme deficit had "reduced...
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