Changes to the Pension Protection Fund (PPF) compensation cap could increase the total levy paid by schemes by almost £140m according to a government impact assessment.
The revisions, announced last week, will increase the cap applied to members below normal pension age by 3% for every year of service beyond 20 years (PP Online, 25 June). The impact assessment produced...
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A new cost transparency solution is being developed for pension schemes by a financial services technology firm.
Supermarket giant Asda's plans to reform its pensions have been decried as "unfair, unreasonable and unnecessary" as the workers' union began talks with the employer.
The Pensions Administration Standards Association (PASA) has launched a checklist to help trustees with the rectification process for guaranteed minimum pensions (GMP).