The abolishment of short service refunds (SSRs) will force some defined contribution (DC) schemes to switch to lower-cost investment strategies, consultants have warned.
From October companies will no longer be able to use proceeds from SSRs to fund pension administration charges for employees, which a large number currently do. If companies pass the bill onto members...
The Pension Protection Fund (PPF) is consulting on proposals to charge a "risk reflective" levy for commercial defined benefit (DB) consolidation vehicles.
The funding gap across FTSE 350 schemes could be slashed by as much as £275bn if schemes look beyond traditional ways of creating value. Victoria Ticha examines how
There will be "many flavours" of defined benefit (DB) consolidators but consolidation will only be the right answer for a minority of schemes, Alan Rubenstein says.
Work and Pensions Committee (WPC) chairman Frank Field has questioned the regulator on what lessons it can learn from the experience of the Kodak Pension Plan No.2 (KPP2).