Half of defined benefit schemes will be closed to future accrual by the end of the year as quantitative easing increases costs, a consultant predicts.
Aon Hewitt benefit design specialist James Patten said the Bank of England’s policy – the third round of which began last week raising fears over continued “scheme funding torture” (PP Online, 9 February)...
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers