The way the Pensions Protection Fund (PPF) and The Pensions Regulator (TPR) deal with defined benefit (DB) schemes under stress does not help pensioners MPs have heard.
The former finance consultant of British Home Stores (BHS) Michael Hitchcock made the point giving evidence to a joint session of the Work and Pensions Committee (WPC) and Business, Innovation and Skills...
Enhanced powers for The Pensions Regulator (TPR) to prosecute and fine company directors who "wilfully or recklessly" put their defined benefit (DB) pension scheme at risk will be hard to enforce, commentators say.
Melrose has pledged to contribute up to £1bn to GKN's pension schemes as part of a final offer to acquire the engineering business.
Existing master trusts will be forced to pay £41,000 when applying for authorisation under the upcoming regime, the government has confirmed.
UPDATE 2 - DWP publishes DB white paper: Stronger powers for TPR, DB chair statements to be introduced
The Pensions Regulator (TPR) will be given the power to fine company bosses who deliberately puts their defined benefit (DB) schemes at risk, the government has confirmed.