Schemes have been urged to check amendments to scheme rules carefully after the High Court ruled against an employer in a case that could increase its pension liabilities by £17m.
In the case, which was heard in July, Mrs Justice Asplin sided with trustees of the FDR Ltd pension scheme over the interpretation of changes to the way benefits were uprated. The trustees had argued...
This week's edition of Professional Pensions is out now.
Nearly 60% of UK employers consider defined contribution (DC) master trusts to be the "most suitable" pension fund for their employees, according to research by Buck.
Companies which have tried to dodge their pension duties by changing their identities are being "hunted" by The Pensions Regulator (TPR) in a crackdown on non-compliance with auto-enrolment (AE).
Removing liquidity restrictions would enable DC funds to capitalise on the potentially higher and safer returns that DB schemes have benefitted from, says Patrick Marshall.