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...
The secretary of state for work and pensions has told MPs clawback and avoidance measures could be imposed for the people responsible for driving Carillion over the cliff.
Occupational pension provision has continued to grow in value, but there remains large variance in incomes across the pensioner age group, according to latest government data.
Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.