Top stories on PP this week include a boat builder not paying three months of contributions and unions rejecting a proposal from United Utilities to shut a DB scheme
1. Unions reject United Utilities' proposal to shut DB scheme Workers at United Utilities are set to vote on industrial action if the firm goes ahead with plans to close its defined benefit (DB) scheme....
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