Pensions minister Steve Webb has created a working group to consider reforming multi-employer defined benefit schemes to help charities struggling with liabilities.
This comes after Northern Ireland peace charity the Spirit of Eniskillen collapsed under the weight of its spiralling scheme liability (PP Online, 4 April). Webb said charities that are members of multi-employer...
Royal London saw its new group pension business decline over the first half of 2018 as the rollout of auto-enrolment (AE) drew to a close, according to its interim results.
Now Pensions has made "huge progress" in resolving legacy administration issues - switching systems and completing unit adjustment for a "large proportion" of members, it says.
Trustees of the Airways Pension Scheme (APS) will not make a firm decision on whether to appeal the Court of Appeal's judgment on discretionary increase payments until September.
Accountant Hashmukh Shah has pleaded guilty to deliberately providing false information to The Pensions Regulator (TPR) when stating a pension scheme had been set up for staff of a London-based restaurant.