The Department for Work and Pensions (DWP) is still examining how auto-enrolment will apply to hybrid schemes after the draft Pensions Bill failed to close a loophole.
The draft bill laid before Parliament on 10 May included an amendment to the wording of the Pensions Act 2008, which allowed every hybrid scheme to delay auto-enrolment until 2017, even those with closed...
The Co-operative Group's Somerfield Pension Scheme has completed a buy-in with Pension Insurance Corporation (PIC), insuring the benefits of its pensioner members.
Caroline Rookes CBE and Michele Hirons-Wood have joined The Pension Superfund's board of trustees to focus on maintaining governance standards and safeguarding member benefits.
The first specialist independent firm advising pension schemes on bulk annuities or moving to a consolidator has been set up with ambitions to shake up the market.