The rise of the state pension age for women improved public finances to the tune of £2.1bn as employment rates for both women and men increased, research from the Institute for Fiscal Studies has found.
The 2010-12 gradual increase in the SPA for women from 60 to 61 concluded in April 2012 and was part of the reform to increase the age to 65 by 2020, implemented by the government in 1995. The latest...
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.