The Treasury has been accused of pursuing self-interest and seeking to raise billions of pounds in corporation tax by allowing schemes to smooth discount rates.
The Autumn Statement yesterday revealed the Department for Work and Pensions will consult on whether schemes should be able to take a long-term view of expected returns rather than use mark-to-market values,...
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