Active membership of defined benefit (DB) schemes has remained stable in the last year dropping by just 3.4% according to the Purple Book.
This is the smallest drop recorded since the Purple Book started gathering data ten years ago. The book is a joint publication by The Pensions Regulator (TPR) and the Pension Protection Fund (PPF). Its...
More needs to be done to speed up DB to DC transfers but, as Jonathan Stapleton says, more also needs to be done to protect members.
The Pensions Ombudsman (TPO) took on 2,566 early resolution cases in 2018/19 after onboarding a team from The Pensions Advisory Service (TPAS), according to its annual report and accounts.
The lifeboat fund is in a good position despite reserves taking a £0.6bn hit. But the ramifications of the EU judgment on member compensation is an area of concern for CEO Oliver Morley, writes Stephanie Baxter