HM Treasury has "no plans" to changes the valuation factor currently used to test DB benefits against the lifetime allowance despite growing calls for a review, PP reveals.
In a statement to Professional Pensions a Treasury spokeswoman said there were no plans change how DB schemes are valued for LTA purposes. This follows the Chancellor's decision to cut the lifetime...
Royal London saw its new group pension business decline over the first half of 2018 as the rollout of auto-enrolment (AE) drew to a close, according to its interim results.
Now Pensions has made "huge progress" in resolving legacy administration issues - switching systems and completing unit adjustment for a "large proportion" of members, it says.
Trustees of the Airways Pension Scheme (APS) will not make a firm decision on whether to appeal the Court of Appeal's judgment on discretionary increase payments until September.
Accountant Hashmukh Shah has pleaded guilty to deliberately providing false information to The Pensions Regulator (TPR) when stating a pension scheme had been set up for staff of a London-based restaurant.