MyCSP has secured 15 contracts to administer public sector schemes including those of the House of Lords, the Food Standards Agency and the Electoral Commission.
The company was spun out from Whitehall to run the Civil Service Pension scheme in April and is 25% owned by its employees, 40% by Paymaster, and 35% by the government. MyCSP said it would tender for...
Enhanced powers for The Pensions Regulator (TPR) to prosecute and fine company directors who "wilfully or recklessly" put their defined benefit (DB) pension scheme at risk will be hard to enforce, commentators say.
Melrose has pledged to contribute up to £1bn to GKN's pension schemes as part of a final offer to acquire the engineering business.
Existing master trusts will be forced to pay £41,000 when applying for authorisation under the upcoming regime, the government has confirmed.
UPDATE 2 - DWP publishes DB white paper: Stronger powers for TPR, DB chair statements to be introduced
The Pensions Regulator (TPR) will be given the power to fine company bosses who deliberately puts their defined benefit (DB) schemes at risk, the government has confirmed.