Proposals for a credit rating override in the Pension Protection Fund (PPF) levy framework could create an uneven playing field and significantly increase levies for big firms, warns Towers Watson.
In a consultation on the levy, which closes today, the lifeboat fund put forward the option of using credit rating agency (CRA) scores where available, instead of its bespoke model. The PPF said this...
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.