The Pension Protection Fund Ombudsman Tony King has ruled the PPF must reconsider an additional £140,000 levy issued to Ibstock Pension Scheme, after a dispute over erroneous information on a deficit reduction certificate.
In 2011, Ibstock submitted proof of a £54.1m deficit reduction contribution for 2011/2012, but it was rejected by the PPF due to an incorrect s179 valuation date on the deficit reduction certificate. ...
This week's top stories include ITS' management buyout from Mercer, and The Pensions Regulator launching a probe into single-employer defined contribution schemes' default funds.
People retiring in the UK will on average outlive their pension savings by 10 years, according to research by the World Economic Forum (WEF).
Steps to improve auto-enrolment are uncontroversial and obvious, but the government is dawdling on introducing the necessary changes, argues Jack Jones.
Professional trustees will be expected to apply for accreditation as part of a framework intended to be launched on 1 July by the Professional Trustee Standards Working Group (PTSWG).