Regulatory amendments drawn up to protect the benefits of UK workers whose overseas employers go bust have been drawn too narrowly to help in future cases, lawyers warn.
The amendments, which come into force on 21 July, have been introduced after the Olympic Airlines UK scheme was deemed ineligible for Pension Protection Fund (PPF) entry. An appeal court judge ruled...
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.