The former boss of Kent Reliance Building Society has been appointed as interim director for defined contribution, governance and administration at The Pensions Regulator, PP can reveal.
Mike Lazenby served as chief executive of Kent Reliance for 11 years before stepping down last February after a takeover by US private equity firm JC Flowers - which saw the building society recast as...
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.