The Pensions Regulator (TPR) has defended its draft guidance on defined benefit (DB) funding after the Trades Union Congress (TUC) and Confederation of British Industry (CBI) criticised the code.
The watchdog published its draft guidance for consultation late last year (PP Online, 2 December 2013) and is due to finalise the code this summer. In a joint letter to the regulator, also sent to pensions...
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Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point