A scheme was forced to overpay its Pension Protection Fund levy despite all parties in the case acknowledging the figure was based on incorrect information.
The office of the Pension Protection Fund Ombudsman rejected an attempt from the D K Moriarty Limited Pension Scheme to get its levy bill reduced, despite it being based on “materially incorrect” information....
This week's edition of Professional Pensions is out now.
The government is in talks with the UK and Irish pensions regulators over how to protect members of cross-border schemes in the event of a no-deal Brexit.
The equalisation of guaranteed minimum pensions (GMPs) is at least two years away from being completed, and could take longer than four years for some schemes, a poll has found.
The Pensions Regulator will consider if schemes should be required to have professional trustees and assess the case for greater regulation of administrators and system providers, PP can reveal.