The government has confirmed the cap on compensation paid by the Pension Protection Fund (PPF) will be adjusted to give more money to long-serving employees with large pension pots.
Under current legislation benefits for members of schemes that end up in the PPF after an employer insolvency who have not reached normal retirement age are capped at £31,380 a year. But the Department...
A buyout tool which provides schemes with up-to-date pricing and comparisons between insurers has been launched by JLT Employee Benefits.
The DB white paper sets out plans to review the funding regime, with 'prudent' and 'appropriate' possibly redefined. But James Phillips asks if this could this signal a return to an MFR-like approach?
The trustees of GKN's pension schemes have agreed a package of mitigation measures that would improve funding to a "more prudent level" if Melrose's offer is accepted by shareholders next week.
While the new powers are welcome, most respondents doubt it will make a difference to the outcomes for members, Pensions Buzz respondents say.