The High Court of Justice in Northern Ireland has thrown out an application for judicial review of The Pensions Regulator (TPR) brought by the directors of Desmond & Sons.
The directors, Denis Desmond and Donal Gordon, had attempted to nullify contribution notices issued by TPR's determinations panel, which could force them to pay up to £17m into the scheme. The notices...
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.