Tony King will take up a third term as the Pensions Ombudsman and the Pension Protection Fund (PPF) Ombudsman from 1 September, the Department for Work and Pensions (DWP) has announced.
King's current contract is due to expire on 31 August and he will receive an annual £129,579 on reappointment, which was carried out under the code of practice of the Office of the Commissioner for Public...
This week's edition of Professional Pensions is out now.
Nearly 60% of UK employers consider defined contribution (DC) master trusts to be the "most suitable" pension fund for their employees, according to research by Buck.
Companies which have tried to dodge their pension duties by changing their identities are being "hunted" by The Pensions Regulator (TPR) in a crackdown on non-compliance with auto-enrolment (AE).
Removing liquidity restrictions would enable DC funds to capitalise on the potentially higher and safer returns that DB schemes have benefitted from, says Patrick Marshall.