The European Commission has failed to make its case for a revised IORP directive and planned changes should be abandoned, the National Association of Pension Funds says.
The occupational pensions lobby group also said Solvency II was the wrong starting point for the Institutions for Occupational Retirement Provision directive and its use would severely damage defined benefit...
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